Study finds positive association between board-level digital expertise and company success, including the use of new tech in business models.
Are tech experts on boards a necessity? New research suggests companies may fare better with high-level digital knowledge around the boardroom table.
Academics at the University of Westminster have examined the relationship between digital expertise on boards and its impact on companies. They conclude there are correlations between their presence on boards and several success factors. Indeed, company performance could improve by as much as 5% due to having a digital expert in the boardroom, they say.
“Our results show that digital expertise on boards is positively associated with firm performance, by the possible mechanisms of improve
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As technological evolution places innovation at the heart of industrial development and productivity, a high-level panel at the CBI's annual conference warns the UK to improve its skills base or fall further behind.