EPUNTO Interim Management at 'Five Keys to the Digital World in the Board of Directors' – IC-A

Last Friday, November 24, the Institute of Directors and Administrators (IC-A) brought together members of the association, executives and experts on the digital economy at the NH Collection Eurobuilding Hotel in Madrid for the event 'Five key aspects of the Digital World in the Board of Directors'. An initiative within the Continuity Program 'The Digital World in the Board of Directors' Emilio del Prado, managing partner of EPUNTO Interim Management, participated as a speaker.

'Five Keys to the Digital World in the Board of Directors' Program

The event, which took place from 8:45 to 10:55 am, brought together executives and experts from the data economy and covered the most relevant aspects of digital transformation for boards of directors. Moderated by José Manuel Arnáiz, President of the IC-A Digital Working Group, it was organized into the following sections:

• The digital world is a business issue, not a technological or IT one, by Juan Alonso-Villalobos Martínez

The digital world has its own rules, different from those of the analog world, and these bring with them new risks that must be specifically analyzed, prevented, and mitigated.

• The relationship with stakeholders has changed, by Abel Linares Palacios

We are facing a Digital Revolution where expectations, information models, and security management have changed. If our goal is to maximize shareholder value, digital transformation is non-negotiable. Furthermore, do we know what ReviewPro, Glassdoor, and other sources are saying about us? Are we prepared for the "Equifax Problem"? Could it affect us?

• Constantly evolving, the long term is a year, how to approach evolution?, by Amalia Pelegrin Martínez-Canales

If our Board of Directors has already decided to embrace the digital world, what are the next steps? "Legacies," or how to adapt the foundations of a traditional company to the digital world: transformation, flexibility, and culture. On the other hand, there must be a balance between the speed of change and sound judgment; the latest innovation isn't always the best.

• The Power of Data, by Fernando Gil Guerrero Gómez

Data is a crucial asset for any company, and as such it must be treated, because what cannot be measured does not exist and it is crucial to have consistent, manageable and verified information.

• I'm an "analog" consultant, how do I approach the digital world?, by Emilio del Prado

The personal transition to the digital world: becoming aware of the importance of understanding the digital world in order to act as a Consultant and offer a well-informed opinion in this area, in addition to the experience and knowledge of the business.

What is IC-A

El Institute of Directors and Administrators It is the Spanish Association of Councillors, an independent and non-political organization whose mission and objectives are:

• La promotion, dissemination and establishment of the most advanced international models of Corporate Governancethe highest standards of professional standards and best ethical practices in the governance of companies or entities.
• El Professional development, updating and training of Board Members, Administrators, Senior Managers and other actors in Corporate Governance, according to consolidated models, in order to facilitate the professionalization of their role.
• La representation and defense of the interests of the Directors and Administratorsbefore society in general and, more specifically, before public administrations, the media and public or private bodies and entities that are related to them.
• Facilitate the development of professional and personal relationships among the Directors, Administrators and Managers who are members of the Association
• The establishment of links of the association, more or less stable, with other associations or entities, Spanish or foreign, that pursue similar or complementary aims to those of the IC-A.

As stated on their website:

"The IC-A is recognized nationally and internationally for its independence; for its know-how in corporate governance, as well as for its promotion and dissemination; for the promotion of the professionalization of the Board of Directors; for its refresher courses for current or future Directors and for the services it provides to Directors and the Board of Directors."

Emilio dPrado, managing partner of EPUNTO Interim Management, on Interim Management and Data Economy

In a world where more than 50% of senior professionals are out of the job market due to their digital deficiencies, Emilio del Prado emphasized the importance of understanding the digital world to have a well-informed opinion and make sound business decisions. He thus framed his talk within the context of what was called 4th industrial revolutionwhere energy is data, and offered a detailed list of main technological enablersThere are twelve:

1. Big data
2. Internet of Things
3. Collaborative
4. 3D printing
5. Autonomous vehicles
6. New Materials
7. Virtual Reality and Augmented Reality
8. Digital platforms
9. Cloud technologies
10. 3D Modeling
11. Artificial Intelligence
12. Cybersecurity

Ebook: The managerial challenges of digital transformation

When we learned the chilling reality that 50% of senior professionals are out of the market due to their digital deficienciesWe set out to write a short introduction to the managerial challenges of digital transformation. The ebook 'The Managerial Challenges of Digital Transformation' is the result, and you can download it for free by clicking on the image.

Subscribe to the EPUNTO Interim Management monthly newsletter

A free content pack that won't clutter your inbox!

• News from EPUNTO Interim Management and its team
• Interviews + events Regarding Interim Management and Digital Transformation
• Quote + articles inspiring the leader within you
• Featured content which you will only discover by subscribing

¡Subscribe here to learn more about digital transformation and the facilitating role of Interim Management!