Corporate Innovation and Emerging Technologies
Successful boards of directors play a critical role in
overseeing a company’s technology and innovation strategy.
Emerging technologies impact almost all industries. To effectively
guide corporate innovation, directors should devote attention to
understanding these disruptors and related operational and legal
trends.
Use Board’s Oversight
A board’s role includes oversight with respect to
technology spending and strategy. To do so effectively, some
technological expertise is often necessary to fully understand the
risks and benefits of adopting an innovation and emerging
technologies course of action.
The task of understanding the complexities of emerging
technologies can be daunting to some directors. There is certainly
no shortage of buzzwords—blockchain, artificial intelligence
(AI), Internet of Things (IoT), Fifth Generation Wireless
Networking Technology (5G), drones, augmented reality, big data,
edge
