The importance of Technology in governance has evolved from being a niche topic to being a crucial aspect of decision-making. Deloitte’s Tech Trends 2024 report highlights upcoming advancements that will impact how humans and machines interact in the workplace and beyond. Boards must be prepared for potential shifts in technology oversight processes, as the speed of tech development continues to increase.
To navigate these trends, boards can consider strategies such as increasing technology fluency expectations for directors and assessing risks more frequently due to the pace of innovation. Technology can also facilitate stronger connections with stakeholders, while the evolution of AI as a growth catalyst presents both opportunities and risks.
The report outlines six macro technology forces that illuminate future trends, including changes in interaction, information, computation, Business of technology, cyber and trust, and core modernization. By understanding how these forces shape governance, boards can better align technology investments with long-term goals and capitalize on emerging trends.
Overall, the evolving role of technology in governance requires boards to adapt their oversight processes, risk assessment strategies, and governance practices to stay ahead of the curve. By staying informed and proactive in their approach to technology, boards can drive innovation and efficiency within their organizations.
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