Digitalisation is the hottest topic in town – but companies are now having to look into not just ’why’, but ‘how’ and ‘what’ to do next.
The ‘disruption’ caused by digital technology is one of the biggest threats facing companies today. The reason for this is often straightforward. Many companies simply aren’t prepared for the new demands of the digital transformation. And even if a company understands the technologies, they are often surprised by its new and disruptive applications. Or, they don’t foresee the changing demands of the market/consumers or take the new market entrants seriously. For some, they simply don’t see the new opportunities of the digital age. Most boards feel outmatched by the ferocity of changing technology, emerging risks and up and coming competitors. So, what can and should companies do in response to this new operating environment? For a start, they need to adjust the mindset – the corporate culture. Also, they need to understand the implications of the digital transformation for existing business models. The change in mindset (by making it more appropriate for the digital age) has to start at the top. Recent research shows that companies with a digitally savvy board perform better. Boards must move beyond an arms-length relationship with digital issues. Digitalisation is not to be treated as another mega trend in the ritual annual strategy but as an integral component of the overall corporate strategy. With better knowledge of the technology landscape, directors can understand its potential impact on different parts of the business and its value chain and how digitalisation can undermine existing strategies and stimulate the need for new ones.
Learning Outcomes
- Develop a digitally savvy board strategy
- Identify various issues and concerns in a social media environment and an IoT environment
- Understand the impact of artificial intelligence on board dynamics
- Develop a positive attitude towards digital change
- Analyse ‘your’ business to discover which digital strategies can benefit your company
| Monday| 5 August 2019 | |
|---|---|
| 8.30am - 9.00am | Registration |
| 9.00am - 10.30am | Session 1: The ‘Why’ of Digital Upskilling |
| 10.30am - 11.00am | Networking Break |
| 11.00am - 12.30pm | Session 2: The ‘How’ of Digital Upskilling The Internet of Things, Blockchain and Smart Contracts – A Business Case |
| 12.30pm - 1.30pm | Networking Lunch |
| 1.30pm - 3.00pm | Session 2: The ‘How’ of Digital Upskilling Artificial Intelligence |
| 3.00pm - 3.30pm | Networking Break |
| 3.30pm - 4.30pm | Session 3: The ‘What’ of Digital Upskilling |
| 4.50pm - 5.00pm | And Now What? |
ICDM reserves the right to amend the programme in the best interest of the event and will not be responsible for cancellations due to unforeseen circumstances.
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