WHAT DOES HARVARD BUSINESS THINK OF DIGITAL TRANSFORMATIONS?

Here are some techniques that the board can use to ensure that value capture occurs…

Cyber insurance is a type of insurance that covers businesses and organizations against internet-based risks and threats such as data breaches, cyber-attacks, and cybercrime.

Assessing digital risk can be a tricky business. Risks can have multiple impacts on a company or initiative, and the digital landscape is constantly evolving.

Many initiatives are presented to boards with promises of high ROI, improved competitiveness, and cost savings.

The implementation of an Omni-Channel initiative can yield significant rewards, but it also carries substantial risks that can threaten a company's value and continuity.

In 2017, research conducted by Deloitte Insights found that only a small percentage of companies had board-level Technology Committees.

Innovation is at the forefront of Proctor & Gamble's business strategy, so much so that the company has established a board committee dedicated entirely to innovation.

IBoards have a vital responsibility to manage risk within a company, but to do so, they require insightful and timely information. This is particularly true when it comes to technology innovation.

Directors may not fully comprehend the magnitude of risk posed by a company's digital infrastructure or the impact that digital investments can have on future strategies.

The value of outside directors who are well-versed in digital business models, practices, and industry best practices cannot be overstated, especially for companies that are making significant investments in digital transformation or other technology changes.

The threat of high-profile cyber breaches is well understood. Responding to and recovering from a breach incurs a direct cash cost, which is only the beginning.

In the world of corporate leadership, there's a distinct difference between doing the right thing and doing things right.