As companies are innovating, implementing new technologies and entering into new markets, their business models may call for a board of directors with new skill sets. But boards shouldn’t focus on adding a director with just a singular new skill set.
via Spencer Stuart
“Governments must develop holistic national digital strategies across industry sectors to connect the unconnected. Portions of COVID-19 stimulus packages should be allocated toward the digitalization of education, healthcare and key industries.”
“For the past 10 years, a variety of game-changing emerging technologies were a big focus for companies looking to innovate and differentiate. This tech enthusiasm may deflate during the next few years. Begin thinking about restructuring plans for digital transformation in the current environment.”
“Although B2B companies may believe that their focus on liquidity and other short-term concerns is justified, it could be costly. Our research suggests that companies are more likely to thrive if they act aggressively to capture market share during downturns rather than wait for the recovery to begin.”
“Governments now need to gather data and intelligence on these small firm closures and design a reinforced start-up policy to allow the small business sector to recover. But what kind of start-up policy?”
via OECD Forum
The COVID-19 pandemic is a watershed moment for the digital transformation of business; Updating business models for a digital-first world, led by purpose, is now an imperative for almost every company; New and creative digital collaborations can reach and serve a more diverse set of people at unprecedented speed and scale.
More than 44% of Chief Marketing Officers report midyear budget cuts due to the economic impact of the pandemic. And yet, 73% expect the negative impact of COVID-19 to be short-lived. This optimism, however, is not shared by all members of the C-suite.
Delivering a better customer experience was identified as the leading driver for AI adoption by more than half the large companies surveyed. At the same time, a similar number of survey respondents indicated that the greatest impact of AI is helping employees to improve productivity.
The total number of large data centers operated by hyperscale providers increased to 541 at the end of Q2 2020. Over 70% of all hyperscale data centers are located in facilities leased from data center operators or are owned by partners of the hyperscale operators.
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