All Boards Need a Technology Expert

Harvard Business Review

Like almost every other major industry today, banking relies on hugely complex, enormously expensive technology. I discovered that only one bank had a board member with some direct experience in technology and in that case it was as a sales executive. Technology is the most important agent of change today; hardly any industry is immune to both its value-creating and disruptive potential. The truth is that many industries today employ outdated technology.

7 No-Fail Ways to Build a Successful Cost Management Strategy

The Kini Group

Frameworks like Zero Base Budgeting can also provide detailed analysis and deep visibility into costs that typically fly under the radar. Many managers don’t like to review their operations and budgets too closely. Unfortunately, if you want to cut costs, you’ve got to put fresh eyes on your budget. Leadership plays a vital role in this attitude and should reward responsible and sustainable cost cuts. Technology can also help cut costs.