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Every single business is going to have to transform into a digital business. This is going to require a different set of skills from company leadership.
As I have said before digital transformation starts with leadership transformation. In the last 16 years just over half of the companies on the Fortune 500 list have disappeared because their leaders ignored the digital revolution.
In the next 4 years we are going to see this scenario play out in an even more dramatic way.
Which kind of leader will you be? The one who ignores the trends or the one who leads the transformation of your business?
This from The World Economic Forum piece entitled How to be a leader in the digital age
“First of all, digital leadership can be defined by a leader’s contribution to the transition toward a knowledge society and their knowledge of technology. Digital leaders have an obligation to keep up with the ongoing global revolution. They must understand technology, not merely as an enabler but also for its revolutionary force.
Leadership must be driven by an attitude of openness and a genuine hunger for knowledge. Of course, no rule dictates that leaders must be literate in coding or that they graduated from machine-learning but yes, there is an imperative to understand the impact of breakthrough technologies.
Today’s leaders must have the ability to identify technological trends across different sectors, such as big data, cloud computing, automation, and robotics. However, first and foremost they must possess sufficient knowledge and the vision to use these resources most effectively.”