Embracing the future with technology

13 February, 2020

Another study that picks up on the theme of embracing technology in the workplace is the World Class Leader Report. This states that very few leaders working within the manufacturing and industrial sectors are embracing technology, particularly those working in the later stages of their careers. The findings from the report, produced by executive search and recruitment specialist TS Grale, states that successful implementation of the latest technological advancements is a major challenge for many older business leaders. From automation, to Artificial Intelligence (AI), right through to embracing digital marketing and social media opportunities, the report suggests that many business leaders lack the skills to implement future technology solutions. Researchers for the World Class Leader Report interviewed more than 20 board level executives and directors across private, listed and private equity backed businesses, with turnovers ranging from less than £20 million to more than £1 billion. Jason Saunders, co-founder and director at TS Grale, reflects that it seems smaller businesses and those with younger CEOs and dedicated technology teams are savvier and adopt a more connected approach to absorbing and implementing new technologies. It seems clear from the report, however, that some some successful business leaders shy away from things such as AI, as they don’t understand how it could work within their operation, or they can be intimidated by the pace of change.

It makes sense for many companies to bring on board more specialists with in-depth knowledge regarding the most applicable technology. In this way, these organisations would have a better chance not only to survive as technology increasingly becomes a non-negotiable asset, but also thrive and steal a march over less tech-savvy competitors. Technology’s here to stay, so it needs to be embraced.

Ed Holden

Editor