Big Data and Analytics Transforming the CFO Role

 

Against a backdrop of changing regulatory requirements and economic uncertainty, many CFOs are asking themselves, How do I navigate the path ahead?

According to our CFO Indicator Q1 2016 report, “Big Data, Better Vision: The Agile CFO”, the answer lies in the ability to be agile, visionary, and future-minded.

As we set out to create this survey, our goal was to identify top-of-mind issues facing finance leaders around the world. We wanted to know how they think the CFO role itself is being shaped by increasing market instability and macroeconomic change.

In this first in a series of three infographics, CFOs predict that big data and analytics will wield the most influence on their role in the future, followed closely by breaking down silos and embedding the finance function across the business unit.

And what of those CFOs who wish to make the leap to CEO? We asked respondents what the major perceptions were that CFOs needed to overcome to achieve CEO readiness. The responses suggest that CFOs must stop being seen as safeguards and instead take on the role of visionaries in their institutions.

Download the Adaptive Insights CFO Indicator Q1 2016 report here.

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