It’s no longer enough to stay updated on the latest developments or applications of innovative technologies, leaders must also understand the broader strategic implications including developing frameworks for ethical data practices, spotting algorithmic bias, and protecting consumer privacy.
To make matters more complicated, these evolving issues are taking place within a global context where cybersecurity risks are increasing, new regulations and national strategies are being released, and governments are negotiating digital trade treaties and digital tax agreements that will impact a business’ bottom line.
Leading an organization today is more complicated than ever before, and executives have to consider the impact of their technology not only on their consumers, but on their employees and on societies as a whole.
Counterintuitively, the more information we have available, the more important it will be for executives to slow down and think about the implications of our intensely connected world.