Future Tech: Unprecedented Opportunities, Unrivaled Threats
To a great extent, technological advancement is especially advantageous to businesses. However, it also poses significant security threats, financial risk, and job displacement situations.
Is your board prepared to proactively oversee the challenges technological innovation brings?
In this NACD Directorship article, you will learn about the key areas of technology that are “fundamentally changing the economic world,” including invaluable insight on
- Artificial Intelligence
- Blockchain
- Cybersecurity
- Hyperconnectivity
- Symbiotic Systems
JT Kostman, the author of this article and managing director of Applied Artificial Intelligence at Grant Thornton, provides real-world examples that illustrate the capabilities certain technologies have enabled, the risks they pose, how they are changing the composition of the workforce and industries at large, and why they are considered to be the driving forces of “the fourth industrial revolution.”
Kostman discusses how the director's role is in constant flux in terms of increasing responsibility regarding technology. He encourages directors to be part of the decision making and planning around technology, and warns that failure to address and keep up with technological innovation could result in boards not meeting the fiduciary expectations of key stakeholders.
Download this article to ensure that you and your board are prepared for the change that new technology brings in 2019 and beyond.
NACD Directorship magazine is available only to NACD members, but you are invited to receive a complimentary copy by completing the form.
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