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As generative AI becomes the new normal, data strategies must keep up, as well as priorities around adoption and investments

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• One fundamental element in this shift is the amped-up responsibility the CFO now has in technology decisions – and not just for accounting systems or financial reporting.
• The CFO now is expected to be a critical decision-maker for digital technology.
• McKinsey points out that, over a three-year period, organisations’ share of digital technology roles reporting directly to the CFO jumped 10 percentage points and the CFO’s ownership of roles related to cybersecurity increased by seven percentage points .
• And, in many midsize organisations, CFOs often have oversight for such far-flung corporate functions as compliance, governance, human resources and facilities.
• When it comes to the CFO’s role in an organisation’s technology decisions, the CFO is no longer simply a contributor to financial functionality embedded within systems of record like Enterprise Resource Planning (ERP).

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