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Transformation, be it at industry sector, company or business units level requires leadership from the top.
Company boards will take the lead in the digital transformation agenda if directors are digitally literate.
Against this backdrop, it was encouraging to see such a strong turnout at a recent Australian Institute of Company Directors (AICD) New Member Networking evening held in the AICD Business Centre & Member Lounge, Brisbane where one of the topics for discussion was digital literacy. It was also heartening to find that at least 20 percent of the sixty or so attendees considered themselves digital directors.
I was delighted to address the group to define digital literacy for directors and to compare its evolution to financial literacy. This led to an engaging and extended question and answer session where a broad range of digital topics were discussed including the regulatory impacts of double sided platforms such as Uber and Airbnb and how to deepen director knowledge in digital literacy.
Coming away from this AICD new member event, I observed three things:
- There is a very strong appetite among experienced and aspiring directors to learn more about digital literacy.
- While the focus of discussion is on digital risks such as cyber security, board level digital strategy development remains a large and growing opportunity.
- Digital literacy is the new financial literacy in the boardroom and the AICD is rising to this challenge.
Thank you Josephine Webb and team at the AICD, Queensland Division for inviting me to speak on Digital Literacy for Directors at your New Member Networking Evening.
Veracity Technology is a leading IT service provider helping industry leaders transform their businesses. We provide digital strategy, IT platform design and implementation as well as remote IT monitoring and support to Australian businesses and government agencies. Contact us today on 1300 580 172 or firstname.lastname@example.org.