TECH-SAVVINESS IN THE BOARDROOM: Director technology knowledge is key to company performance and growth.

• Author: Oven, Carey
• Position: BOARDBOOK: Top Articles on www.DirectorsAndBoards.com

When the COVID-19 pandemic upended our lives in March 2020, little did we know that it would usher in a new wave of digital transformation and technology adoption for companies across nearly every industry. Suddenly, many office employees completed their work from home and needed access to tools and resources that enabled remote collaboration. Online grocery sales increased exponentially as many shoppers looked for ways to avoid crowded public spaces. Movies were brought straight to streaming platforms and entertainment companies provided virtual experiences in lieu of in-person ones.

As COVID-19 spread throughout 2020 and into 2021, more companies began including digital transformation objectives in their overall business strategies. In a Harvard Business Review study, 86% of those surveyed said their organizations accelerated digital transformation during the pandemic; of those, 91% said their organizations were planning to continue with these efforts beyond the pandemic ("Digital acceleration redefines the future of work," Harvard Business Review, Sept...