A recent study by KPMG found that less than half of CEOs from high-performing organizations think their finance functions are doing a good job in exploring and implementing new technology. Not all CFOs are responsible for the entire IT function, but they will all be required to assess the strategic imperative of each technology investment. And some … Continued
The role of technology in job destruction and creation has been a source of heated debate since the industrial revolution. Whether it is farm machinery, telecommunications or transport, rapid changes in technology have transformed economic development – on the one hand displacing outmoded ways of working and yet on the other spawning entirely new industries … Continued
Innovation on the ‘inside’ The notion that innovation has to be glamorous and ground-breaking is seriously misplaced – recent research shows that looking after core financial processes on the ‘inside’ of the organisation adds far more to the bottom line over the medium term than the latest customer-facing gimmicks. A 2014 study by McKinsey highlights … Continued
1.Support experimentation Innovation forces us to re-assess traditional measures of ROI. Business models in the digital era do not always conform to historic expectations of internal rate of return, payback or discounted cash flow. If we simply relied on ROI many important initiatives wouldn’t get off the ground. That’s not to suggest that a business … Continued