Prashanth Southekal
In today’s AI (Artificial Intelligence) landscape, finance and business leaders rely on data more than ever to make strategic decisions and boost business performance. A large language model (LLM) like ChatGPT, CoPilot, and Gemini is an AI solution that can generate insights from data easily and quickly. In recent months, many enterprises are harnessing LLM tools for generating insights, and Gartner predicts that by 2026, over 80% of enterprises will have used LLM models [1].
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Steve Rosvold and Tom Burke
This Future of Finance Leadership edition summarizes the key points from one of our most popular CFO Talks, The CEO/CFO Relationship. I interviewed a seasoned CEO for his perspective on the CFO’s role and what makes a successful CFO/CEO relationship.
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Prashanth Southekal
Extracting tangible business benefits from data and analytics projects, including those involving AI, has proven challenging for most enterprises. In 2019, VentureBeat reported that 87% of data and analytics (D&A) projects failed to reach production [1]. In 2022, Gartner found that only 20% of insights derived from analytics translated into business outcomes [2]. Despite various reasons for this low success rate, many firms struggle to build a compelling business case to secure investment in data and analytics initiatives. So, how can one effectively use the right KPIs to showcase the business benefits of these D&A projects?
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CFO.University
A successful business plan is built on accurate data, but few numbers are so important—and so difficult to get right—as projected revenue. Growing revenue powers income growth which is what fuels future business expansion.
Complicating things further, “revenue” is a word that represents many moving parts. How do you keep track of them all? How do you make your projection as accurate as it can be?
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CFO.University
In their eagerness to get to market, companies may be rash in selecting financing and take the first solution they come across. A sound financing strategy is one of the most important pillars of corporate growth, and – done well – it can benefit your company long into the future.
In Parts 1 & 2, we wrote about capital planning and using debt to finance your business. Here we explain equity financing and when you should consider it.
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