Role of Leadership
In this section, we analyse how leadership can help distinguish their companies in the industry
Do you think there needs to be a push for the top management to become more technologically aware in making well-informed decisions on an organisation's digital strategy?
The role of leadership is evolving in today’s digital economy. Leaders must now be digitally aware in addition to being strategic and imaginative. And this entails being able to guide their companies through the digital transformation process. It involves more than simply digitizing existing corporate procedures and processes; it is an excellent place to start. Business leaders must rethink their primary functions and possibly their entire value proposition to succeed in the digital economy.
Does the presence of Tech Leaders help shape the companies' business strategy with digital solutions as a part of the same?
The importance of leadership in digital transformation cannot be overstated. Leaders must constantly innovate and create new solutions to address problems that did not exist previously if they want to stay ahead of the game. That requires thinking outside the box, taking risks, and learning from your errors. C-level executives who are constantly learning are frequently better positioned than their competitors to take advantage of cutting-edge technologies such as artificial intelligence (AI), automation, augmented reality (AR), virtual reality (VR), blockchain technology, cryptocurrency, and much more. The way businesses are run is altered as a result of digital transformation. It’s not only about technology; it’s also about leadership, management, and organisational culture shifts.