Board Directors Seek to Increase Tech IQ
Learning Curve
32% of board directors say they do not have enough understanding of IT to support the company’s strategy and IT risk mitigation.
Presence Required
20% communicate with the CIO at every formal meeting, up from 18% last year.
Regular Updates
31% communicate with the CIO at least twice a year, about the same as last year.
Hours Allocation
55% want to spend more time working on IT strategies within the upcoming year, and 61% want to devote more time to IT risk management within that time frame.
On Board
80% are “highly” engaged with major IT implementations and 63% are with the annual IT budget.
Forward Movement
41% are engaged with understanding employees’ use of mobile tech, up from 25% in 2012.
Business Plan
45% are engaged with understanding how IT is enabling new business models, up from 41% last year.
Money Matters
24% are not sufficiently engaged in understanding the company’s level of cyber-security spend.
Competitive Landscape
22% say they’re not sufficiently engaged in building awareness about the competition’s leveraging of emerging tech.
Input Sought
35% of organizations are using outside consultants to advise boards on IT strategies and risk, up from 27% last year.
