Executive boards lack technological knowledge

By VAR_Staffing
In Channel
November 19, 2012

VAR_Staffing / VAR Staffing

Each new innovation that hits the marketplace causes boardrooms around the country to debate whether or not they need to implement it. Along with the devices and practices, there is the need for IT departments to acquire new skills and resources to ensure they run properly. However, a new survey suggests that executive boards, while they know the general importance of technology, lack the specific knowledge to keep the applications managed properly.

Professional services firm PricewaterhouseCoopers, released a new survey that found only one percent of company directors have any technology background. On top of that, over 50 percent of respondents believe the board of directors does not do its homework on technological innovations and garners most of its information from media reports.

There is also a fear that executives do not fully understand the importance of IT and 40 percent of those surveyed think the board "does not really care about IT."

Executive education and evaluation firm the Board Institute also released a survey with similar results. They also concluded that for this to change, executives need to start having board-level technology personnel or IT committees involved in decision-making, which only 6 percent of organizations have now.

In a recent article for CIO, several industry experts were interviewed and reiterated the importance of IT talent being involved in the decision-making process.

"That the board consults the CIO about such core issues shows that both it and the IT leader are enlightened," said Estelle Metayer, the founder of a competitive intelligence consultancy. "I don't know any company not struggling with some technology issue. Diversity of thought at the board level is an important way to approach those struggles."

IT Principals face a breadth of challenges and having knowledgeable resources available can ensure CIOs make proper decisions the first time around. Solution Providers can rely on VAR Staffing to become go-to partners.


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