CFOs see huge potential in the transition to a data-driven company –
but there is still a long way to go
Times are getting rougher for CFOs. According to our new CFO-Study 2024, every 4th finance executive expects business to deteriorate. This is bad timing as the transformation towards a “data-driven company” has not made major progress in most companies in 2023. Whereas smart dashboards and other “low hanging fruits” of digitalization (e.g. RPA) are more and more established, not a single new technology with higher complexity, such as PredictiveFC, Maschine Learning or Generative AI is even partly implemented in the majority of finance departments.
Over 150 top finance executives from different countries around the world were asked about their expectations for 2024 and their current transformation status. Below we illustrate a few exciting results from the study:
How do you assess the economic situation and development of your company for the rest of 2023 and 2024?
What challenges do you expect to increase or decrease in 2023? (Top 3 answers)
What is your expectation regarding the development of the staff situation in your company?
What priority do you assign to the transformation into a data-driven company?