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Why More Board of Directors Invest in Digital Business

While many organizations are concerned about cash flow and other financial metrics, given the current economic environment, the most forward-looking leaders plan further investments in strategic Digital Transformation projects.  Sixty-nine percent of enterprise boards of directors (BoDs) accelerated their digital business initiatives in the wake of the COVID-19 pandemic disruption, according to the latest market study by Gartner. Almost half anticipate changing their organizations’ traditional business model as a result of the pandemic. The '2021 Gartner Board of Directors Survey' was aimed to understand how boards of directors view digital business model evolution in their enterprises, along with the role of the CIO and other executive leaders, specifically in the context of responding to the current economic crisis. Digital Business Market Development "BoDs play a strong role in helping the executive leadership team focus beyond the short-term risks associated with this...