Finance leaders warn of ‘decisions in the dark’ due to lack of data

Financial leaders are facing a number of challenges such as technology disruptions to internal company ones that include a lack of skilled talent, a new survey has claimed.

The research, which questions 260 chief financial officers and finance leaders across Ireland and the UK, found that 90 per cent believed their organisations were making these decisions without adequate insight. It also highlighted a number of challenges they faced, from external challenges such as technology disruptions to internal ones that included a lack of skilled talent.

In Ireland, finance leaders cited tech and software disruptions as their top external threat to financial stability, followed by market competition and economic downturn. Internally, CFOs said technological limitations posed the biggest threat, but in Ireland a lack of talent, meeting targets, reporting accuracy and the time taken for manual data imput also ranked highly.

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