How can CEOs and their top teams even begin to make sense of the swirl of technological breakthroughs affecting business today?
How do they gauge the impact of artificial intelligence on their companies’ future compared with, say, the Internet of Things or virtual reality?
Given the sheer pace and acceleration of technological advances in recent years, business leaders can be forgiven for feeling dazed and perhaps a little frustrated. When we talked to CEOs as part of our annual Global CEO Survey, 61% of them told us they were concerned about the speed of technological change in their industries.
Sure, more and more C-suite executives are genuinely tech-savvy – increasingly effective champions for their companies’ IT vision – and more and more of them know that digital disruption can be friend as well as enemy.
But it’s fair to say that most struggle to find the time and energy necessary to keep up with the technologies driving transformation across every industry and in every part of the world.