In the face of rapid technological advancements, the digital revolution has become imperative for companies to remain competitive and thrive. However, a significant challenge lies in the reluctance of senior leaders, including CEOs, to embrace emerging technologies identified in a recent study by EY . This article aims to highlight the critical connection between the findings from the EY study, which reveals the hesitance of senior leaders to adopt emerging tech, and the potential risks this poses for a company’s success and competitiveness in the modern business world. Senior Leaders’ Reluctance to Embrace Emerging Technologies The EY study indicates that a considerable portion of friction in digital transformation stems from senior leaders, with nearly two-thirds of managers perceiving them as slow to embrace emerging technologies. This reluctance from top executives to adopt new technologies hampers progress and creates a barrier to successful implementation of digital initiatives within organizations. CEO’s Role as a Catalyst for Digital Transformation In parallel, CEOs play a pivotal role in driving digital transformation throughout their organizations. While other roles and departments have embraced digital tools and processes, the CEO role often lags behind. This aligns with the findings of the EY study, suggesting that senior […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
