Finance

CFO and AI: an evolution starting from afar

The Financial Times recently argued that the role of the Chief Financial Officer (CFO) is changing as a result of the increasing introduction of Artificial Intelligence in the enterprise, which enables the availability of analytical and predictive tools. It is hard to disagree: academic research supports with econometric models that the use of predictive analytics enables a productivity improvement amounting to about 3 percent of revenues  for companies in the United States. But can we really say that the role of the CFO is suddenly changing because of algorithmic innovations? We believe not. ...