"Only 2% assign accountability for AI value to the CFO, but when they do 76% report they achieved a 'great deal' of value vs. 53% when overseen by IT and only 32% under other functional executives."

What was Team Capto's favorite read this past weekend?🥁

The prize goes to Sheryl Estrada and Fortune/CFO Daily which highlights a study by Laks Srinivasan of Return on AI Institute and Tom Davenport.

The headline being that: "Only 2% assign accountability for AI value to the CFO, but when they do 76% report they achieved a 'great deal' of value vs. 53% when overseen by IT and a only 32% under other functional executives."

Which if you ask us, as a company that collaborates predominantly with Finance leaders for AI & automation projects... with an effectively perfect record of success... we are inclined to say - "DUH".

➕Further what we enjoy doing is looking at other matching particles of research and adding them in. Like the famous State of AI report by McKinsey & Company which listed the corporate finance near the bottom of the functions that are scaling AI agents.

🟰Sum it all together and our direct conversations also align. We are in the right place but there is work to be done, we've developed a strong thesis that most are struggling. The average Finance department comes to us with honest feeling of not knowing where to start (or where to go); disillusioned by influencers, projects that got unwieldy, or aren't making progress entirely with limited internal resources or tools that overpromise.

With 100+ projects under our belt and a network that multiplies our insights exponentially... let's talk so we can help... you're in the right place Finance leaders we can work to make your department the most successful one with AI across your entire organization.

—

Originally posted on LinkedIn: https://www.linkedin.com/posts/petersteube_what-was-team-captos-favorite-read-this-ugcPost-7444469258979332096-Mk8Z