The technology do or die for CEOs

Shareholders must be alert to the signs of chief executives falling behind. As Australia catches up on new technology such as cloud computing, whole sectors will be revolutionised and those who ignore the change will nosedive.

Tony Abbott’s massive deregulation campaign will help Australian productivity if he wins the election but it will not be the main productivity driver – to really lift productivity Australian CEOs will have to become world class at tapping into the new round of digital technology and cloud computing developments.

And unfortunately they are being beaten by their global counterparts. Unless we catch up it will affect the performance of the ASX compared to other markets.

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