Growth remains the top strategic business priority for both CFOs and CEOs, according to a survey by Gartner, which says 45% of CEOs ranked growth in their Top 3 strategic priorities while 62% of CFOs put it in their Top 3 .
“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,” says Alexander Bant, chief of research with the Gartner Finance practice.
“Five forces are driving CFOs and CEOs to prioritise conversations about AI in the third quarter,” says Bant. “First, boards and CEOs expect C-suite leaders to protect the organisation while driving broad use case adoption. Second, customers continue to leverage generative AI in their daily life, moving their expectations for user experience. Third, employees are concerned about job loss, yet may eventually leave organisations where they can’t fully leverage generative AI.
As CFOs and CEOs face concerns about the effects of inflation and a potential recession, they’re pursuing options beyond the typical approach of raising prices, with CFOs joining CEOs in demonstrating a new open-mindedness towards other tactics.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
African CEOs identify advanced AI, analytics as success drivers - IT-OnlineA new global study by the IBM (NYSE: IBM) Institute for Business Value found that over half (54%) of African CEOs surveyed identify customer experience as their highest business priority. They also recognize productivity or profitability as key to achieving their business goals, ranking it their second highest priority (46%). However, they continue to face […]
Source: ITOnlineSA - 🏆 16. / 63 Read more »
Increased chip demand will fuel steady OSAT growth - IT-OnlineA surge in global demand for applications such as AI, high-performance computing (HPC), 5G, automotive, and Internet of Things (IoT) has fueled semiconductor supply chain expansion, according to IDC’s upcoming Semiconductor Manufacturing Services: 2022 Worldwide OSAT Market: Vendor Ranking and Insight report. The outsourced semiconductor assembly and testing (OSAT) industry grew steadily in 2022 with […]
Source: ITOnlineSA - 🏆 16. / 63 Read more »