![]() ![]() When asked which new Business Technology will most significantly impact their industry over the next three years, both CFOs and CEOs named artificial Intelligence (AI) as their top pick.įor CFOs, this is especially notable because they likely do not have much direct experience with AI yet, given that 80 percent of finance functions using AI just started in the past two years. The top questions CFO should be educating the CEOs and the board of directors on as the business cycle begin to turn more positive include: How should we sequence funding for organic and inorganic growth bets? How best do we secure capital? What does it look like when we model out the impact on margin and return on invested capital? "Balancing future growth investments and CEO expectations, while still tightly managing cost and cashflow, is the tightrope CFOs must walk in the back half of 2023," said Alexander Bant, a chief of research at Gartner. While CFOs and CEOs agree on growth as their top priority, their emphasis on this and other priorities differ, according to the Gartner survey of CEOs, CFOs, and other senior executive business leaders.įor example, the CFOs’ second top priority is corporate action such as M&A and restructuring (41 percent), which by comparison ranks fourth for CEOs (27 percent). Growth remains the top strategic business priority for both CFOs and CEOs, according to the latest worldwide market study by Gartner.įorty-five percent of CEOs surveyed ranked growth in their top 3 strategic priorities, down from 53 percent in 2022, while 62 percent of CFOs put it in their top 3 - that's up from 59 percent in 2022.Įnterprise Digital Technology Market Development By reinvesting IT budget savings, they can ensure that their organizations are well-positioned to succeed in the future. More senior executives are realigning their IT budgets to focus on growth initiatives. It is a strategic enabler of business growth. Enterprise IT is no longer a cost center. ![]()
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