Most CEOs lack vision and leadership on new technology

A majority of CEOs are failing to steer their companies towards effective use of new computer technologies, which precludes their organisations from making major business improvements.

That’s the conclusion of a new study released yesterday by the MIT Sloan Management Review and Capgemini Consulting titled “Embracing Digital Technology: A New Strategic Imperative.”

The study was based on a survey of more than 1,500 executives and managers worldwide and its authors sought to examine the concept of “digital transformation,” which they define as the use of new digital technologies to trigger significant improvements.

Digital transformation is a required goal for companies, and involves the revamping of business processes through the use of social media, mobile, analytics and embedded devices, according to the report.

SOURCE: cio.co.uk