Digital frontier: A technology deficit in the boardroom

DELOITTE

The Deloitte Global Boardroom Program’s new research of directors and corporate leaders reveals underinvestment in technology and uncovers gaps in board engagement on digital transformation.

Over the past few years, technology investment and deployment have expanded dramatically. What is less known is how, or to what extent, boards are engaged in tech matters: Some are, but many are not as engaged as they believe they should be. As part of its Boardroom Frontier series, in early 2022 the Deloitte Global Boardroom Program surveyed more than 500 directors and C-suite executives and spoke to leaders, directors, and subject matter specialists to find out what’s being done in boardrooms around the world when it comes to technology.

Are boards stepping up to meet the new demands of expanded technology use? What are they doing to ensure that technology investments are linked to strategic objectives?

The research revealed that surveyed boards are engaging in technology matters much as they did for many years; many board members lack the knowledge they need to ask informed questions and ensure technology is being driven by strategy, not the other way around. More broadly, this is creating a gap between the level of engagement organizations need and what’s commonly taking place in the boardroom.

 

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