70% of CFOs say investing in digital tech is a priority
TEXAS, UNITED STATES – Seventy per cent of finance executives say that digital technology expansion is a top priority in their firms.
Research firm Everest Group revealed in its 2022 Global CFO Survey that investing and implementing digital technology that improves efficiency, and stakeholder experience became a top priority in most firms in 2022.
Of the respondents, 67% say that their organizations focused on identifying cost optimization and productivity opportunities while 63% said they focused on artificial intelligence to drive insights.
63% also believe that in the advent of the pandemic, building a robust compliance and risk management practice is important.
Data management improvement also emerged as a top priority, with 62% of the surveyed chief financial officers (CFO) saying so.
Everest Group’s 2022 Global CFO Survey collected insights from 301 CFOs and their direct reports across major geographies including North America, UK & Europe, Asia Pacific, and the Middle East and Africa.
The key industries surveyed were insurance, CPG & retail, hi-tech & technology, life sciences, manufacturing, airlines, and hospitality.
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