A board of directors assumes two responsibilities to represent the interests of shareholders. The first is as an advisor to company regarding its strategy, operations and plans. The second responsibility revolves around governance and oversight of operations and performance.
Boards have traditionally dealt with information technology (IT) within the oversight responsibility by assigning IT to the Audit Committee. That needs to change. Digital technology (DT) success rests not with how much you spend, but in its strategic and operational focus. Many things are possible with digital technology so the real question, the real issue is what is profitable. In other words, where IT was a board oversight concern digital technology is an advisory and innovation concern.