According to 75% of surveyed executives, AI and analytics will help them to achieve stronger data-driven decisions, access deeper insights and move them into new businesses. Almost 85 percent say AI could enable them to gain a competitive advantage.
Modern IT functions follow design-thinking practices, by which they develop an in-depth understanding of users’ needs as the basis for new products and features. Such practices should interest the CEO: McKinsey research shows that they’re correlated with strong financial performance.
New technologies are rapidly transforming all aspects of our society, sectors and markets. We are being taught to plan for the unexpected, as disruption becomes the new norm. The life expectancy of a Fortune 500 firm has fallen from 75 years in the early 20th century to only 15 today.
“The blurring of lines between IT and business groups reflects the fact that coding and the ability to analyze data are now central to product development. Tech teams at large corporations have developed new tools for employees and customers in the past few years.”
Creating an Agile Board is a journey, not a playbook. It takes experimentation, learning and practice. If businesses are to successfully navigate the waters of disruption, agility needs to be practiced and demonstrated from the very top.