The near ubiquitous presence of technology has rendered virtually every organization a technology organization. It’s been said that we no longer use technology, we live it!
It is detrimental for organizations to continue viewing technology as merely a cost center or necessary evil. The evidence of digital transformation is all around us and organizations need to adapt, innovate, and evolve and these efforts can no longer be driven exclusively by the IT department.
A 2020 global survey revealed that only 10% of respondents “strongly agree” their organizations are equipped with the right skills for navigating the digital economy. The same survey also noted that only 12% of respondents said their organization’s leaders “have the right mindset to lead them forward.”
Technology can be an amazing tool and every leader needs to up their Technology Quotient (TQ) and learn how to extract the strategic value and benefits of this incredible business resource. It’s not necessary that executives learn to program in Python, carry an ISSP certification, or have advanced data analytics skills. However, the current and future generations of business leaders must not only be adept at using technology, but master the ability to unlock its strategic value to meet organizational objectives and sustain competitive viability.
Technology savvy isn’t a luxury anymore, it’s table stakes for superior performance and achievement. Business leaders need to understand how today’s and tomorrow’s customers and constituents think about and use technology and steer the organization to be a step ahead of demand and expectations.
Where does your organization rank in its Technology Quotient? Let MWGrigs help develop your current and future generation of leaders into technology savvy guides for your organization.