As the world of business takes a new shape, in the uncertainty of new realities, leaders talk of new skills that individuals and enterprises will have to nurture. Long-term direction could be difficult to identify and follow. Companies will need to be more agile than ever before while lean organisations can swoop on opportunities.
Technology and Data Levers That Can Supercharge the CFOFinance professionals can sail through the uncertain business environment if the data for their enterprise helps them deep insightsTE@timesofindia.comUncertainty!If there is one word that defines the current times the finance leader, it could well be that. These are times when events, beyond everyone’s control, are impacting the world economy. Ultimately, the impact of global events have been hitting home with unwanted consistency – war, economic blockade, disruption is supply-chain, rising prices of energy and more. The impact of all this cannot be put together in an excel sheet until the battles end.The uncertainty brings unimaged risks to the bottom line of companies. Finance leaders have the unenviable task of identifying possible solutions and incorporating the emerging risks in the business operations for the company. That is easier said that done in the dynamic business environment.Disruption to business by a variety of factors – regulation, policy, markets besides turn of events – is the new norm that the finance leader must handle while cleaving through the opportunities that exist in the market. With technology helping create the opportunities across industry sectors, it is critical for the CFO to understand the business, and hence the revenues, which could accrue from such changes.
