Tag

Cfos

All articles tagged with #cfos

technology2 years ago•4 min saved

The Slow ROI of AI Implementation in the Workplace

Companies are investing millions in deploying AI tools to boost employee productivity, but the payback may not be immediate. While many business leaders believe that AI will save them money in the near-term, 44% of CFOs surveyed at a recent summit believe that deploying AI tools will cost them more money than it saves them over the next 12 months. CFOs anticipate that ROI will take longer than a year, as they expect to run experiments and encounter failures along the way. However, they view AI as a prime tool for increasing employee productivity and recognize its potential to handle daily administrative tasks, allowing employees to focus on more strategic projects. The challenge lies in preparing the workforce for AI usage at scale.

via CNBC|

#ai-deployment #cfos #cost

labor-market2 years ago•5 min saved

Employers Assert Dominance as Workers Lose Grip on Job Market

A survey of chief financial officers (CFOs) conducted by CNBC indicates a shift in the balance of power between workers and employers in the job market, with 60% of CFOs stating that it has become easier to find and hire qualified workers compared to a year ago. This marks a significant increase from the previous quarter and suggests a decline in worker control over wage growth and job opportunities. The survey also reveals CFOs' growing optimism about the economy and markets, with bullishness among CFOs reaching a high for the year. However, concerns about inflation, consumer demand, and the possibility of a recession remain. CFOs expect inflation to persist and do not anticipate rate cuts until at least September 2024.

via CNBC|

#cfos #economic-outlook #inflation

economy2 years ago•2 min saved

Corporate America's Economic Confidence Wanes

Small business owners and CFOs in Corporate America are feeling downbeat about the US economy, despite the recent growth in GDP. Small business owners have expressed historically low optimism about expanding their operations, while CFOs remain more optimistic about their own companies compared to the broader economy. Factors such as inflation, higher rates, deficits, domestic politics, and geopolitics have contributed to a sense of dread about the economic outlook. Consumer confidence has deteriorated, and expectations for jobs and business conditions remain negative. However, the widespread corporate pessimism may actually lead to more durable expansions and less speculation.

via Business Insider|

#cfos #corporate-america #economy

finance2 years ago•2 min saved

Deloitte Survey: CFOs Predict Deteriorating Economy in One Year

Deloitte's quarterly CFO Signals survey found that CFOs have a more pessimistic outlook for every regional economy in the world over the next 12 months, with their assessment of North America's economy 12 months out being the most bleak. Economic or financial market risks were cited as the greatest external concerns, topping geopolitical risks. CFOs are being directed by their CEOs to focus on cost-reduction measures, and fewer CFOs expressed optimism about their own companies' financial outlooks. Talent and labor concerns dropped as CFOs' top internal risk after nine consecutive quarters in favor of execution risks to their strategies or transformations.

via Fox Business|

#cfos #deloitte #economy