Riding the third wave of digitization: Why CFOs can't afford to ignore Generative AI

You've seen the buzzwords and heard the hype, but have you ever stopped to think about how Generative AI could revolutionize your role as a CFO?

In the below image courtesy 麦肯锡 showing the financial performance by different waves of digital adoption, you can see that the top performing organizations aren't just participating in the 'third wave' of digitization but are leading it, with Generative AI as their surfboard.

The figures speak for themselves. Organizations leveraging Generative AI are not just ahead by a fraction—they're achieving a performance multiplier of 1.4x when it comes to intelligent automation revolution. That's the power of riding the wave, rather than being swept away by it.

But what does this mean for you, the CFO?

Generative AI is more than something that everyone is just talking about, it is a tool that brings creativity, efficiency, and intelligence to your financial operations. From drafting financial narratives to simulating economic scenarios, GenAI doesn't just look at cutting costs or crunching numbers. It will help you envision possibilities and make strategic decisions that can catapult your organization to new heights.

Think of automating not just the mundane tasks but also generating intelligent insights that can influence your next big move. Lead the charge in analytics empowerment, where data visualization is not just a task, but a strategic asset.

Why wait for the future when the building blocks of robotics and advanced analytics for finance are here for the taking? The question isn't whether you can afford to adopt Generative AI—it's whether you can?afford?not?to.