IoD charges members to embrace digital technology to boost organisational growth
The President/Chairman of Council of IoD Nigeria, Ahmed Rufai Mohammed said knowledge in information technology would help directors make far-reaching business decisions that sustain their organisations and give competitive edge is more germane than ever before.
Stating that the future of business has also become less predictable because of the burgeoning impact of disruptive technology, artificial intelligence and digital currencies, amongst other novel interventions that have characterized the digital age, he stressed that the institute has emphasize the need for members to educate themselves and embrace digital technology to avoid being obsolete and archaic.
Mohammed stated this in his welcome address at the April 2018 new members’ induction ceremony where 60 inductees where presented to the institute.
While welcoming the new members to the institute, the IoD boss charged them to be good ambassadors through its advocacy for sound corporate governance practice both at the private and public sectors of the Nigerian economy.
Similarly, the Group Deputy Managing Director, Kewalram-Chanrai Group, Victor Eburajolo who was the guest speaker spoke on ‘Leadership demands of a Director in a digital age’.
He said that in order for boards and executives to fulfill their roles effectively in the future, digitization must be supported by organisation’s corporate culture. He said with any large scale cultural change, digitization will never take hold unless it is driven by top executives, under the board’s leadership.
According to Eburajolo, business leaders in embracing a digital agenda must ensure clarity of vocabulary, as it required an unbiased understanding of external environment.
He added: “Since digitalisation is a key driver for directors in a growing economy, directors have to be a step ahead of their competitors, they must keep on improving in themselves and embrace technology. They must constantly scan the environment to look for better ways to know and get what their customers want.”
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