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A 2010 McKinsey study (which is helpful to read even today) of more than 1,000 major business investments showed that when organizations worked at reducing the effect of bias in their decision making processes, they achieved returns up to 7% higher. The proof is in the numbers. 10) Continue to evolve your data driven business decisions.
By 2010 the world was deep in the Great Recession and working hard on recovery. From recessions to booms and everything between, the finance landscape has changed immensely since the turn of the century. Deploying automation tools will serve as a launchpad, equipping finance teams with the necessary skills to handle AI workflows.
The strain is especially palpable for finance professionals in the construction industry. Coping with Skills Shortages In 2023, the outlook for skills shortages for finance professionals is bleak. When it comes to hiring skilled finance teams, leaders are struggling to find new talent to replace recent retirees.
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