A new Finance Trends survey by Protiviti, released yesterday, confirms what many CFOs already know — that data means everything in finance. The specific data priorities this year, however, are revealing — the security and privacy of financial data has climbed to priority number one, a concern no doubt driven by increased use of finance cloud applications. It is followed in importance by financial planning and analysis and enhanced data analytics — a natural tandem, as finance executives seek to harness the volumes of data produced by digital systems for improved planning and forecasting, often through the use of new technologies like machine learning and artificial intelligence.
We will be analyzing the findings in deeper conversations with our experts in the coming months. Meanwhile, we encourage you to read the survey and think how your finance organization’s priorities compare to those in our survey.
For a quick look at top trends, click on the infographic below or watch our video.