There is an increased need now to have leaders with know-how on tech and systems, says Pranshu Upadhyay, Regional Director, Head-India Technology Practice, Michael Page.
Even board directors today need to have a grasp on the fundamentals of artificial intelligence (AI), big data and cybersecurity, says Somdutta Singh, Founder and CEO of Assiduus Global Inc.
Key skills needed
Singh says these professionals do not have to be coding wizards, but they should be able to ask insightful questions and understand tech's business implications.
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He uses fintech as an example to demonstrate this requirement: As the fintech landscape constantly evolves and regulations play catch-up, corporate boards need directors who can navigate this complex environment and ensure compliance.
The best fintech companies are constantly innovating. Boards need directors who are comfortable with change and can champion bold ideas.
Upadhyay points to a case study for a C-suite level hiring that talks about a candidate from an FMCG background trying for the role of head of sales — not a tech-facing role. As part of the interview process, the candidate was asked to create a presentation on “how would you digitise the process more efficiently”. This shows the emphasis companies are placing on tech know-how at the strategic levels.
He clarifies that be it sales or HR, the understanding of tech is now getting more critical given the extent at