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What your CFO really needs in periods of economic uncertainty

CIO Business Intelligence

The pressure is on to navigate economic uncertainty. growth underscores how inflation, interest rate fluctuations, and consumer spending are reshaping forecasts, investment portfolios, and the CIO agenda. All things related to maintaining the systems to land, expand, and renew business at forecasted volumes are no brainers.

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Accenture to lay off 19,000 to cut costs amid economic uncertainty

CIO Business Intelligence

foreign-exchange impact compared with the third quarter of fiscal 2022,” the company said in a statement. Uncertain macroeconomic conditions have forced technology companies to announce massive layoffs since 2022 through 2023. “Accenture expects revenues for the third quarter of fiscal 2023 to be in the range of $16.1 billion to $16.7

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Regulatory uncertainty overshadows gen AI despite pace of adoption

CIO Business Intelligence

It’s no surprise, then, that according to a June KPMG survey, uncertainty about the regulatory environment was the top barrier to implementing gen AI. So here are some of the strategies organizations are using to deploy gen AI in the face of regulatory uncertainty. Would you put your client’s sales forecast into Facebook?

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IT spending projected to grow despite economic headwinds

CIO Business Intelligence

Plummeting sales of printers and PCs and a growing inflation crisis aside, IT spending will remain strong through 2022, rising 3% year-over-year to a total of $4.5 The current levels of volatility seen in both inflation and currency exchange rates is not expected to deter CIOs’ investment plans for 2022.”.

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Atos CEO Yves Bernaert quits over governance differences

CIO Business Intelligence

His predecessor, Rodolphe Belmer, was appointed CEO in December 2022 and left in August 2023 following a dispute with activist shareholders. However, it expects to miss its free cash flow forecast of negative €1 billion, falling a further €100 million short. billion and free cash flow of negative €197 million for the full year 2022.

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Why Construction Businesses Should Track KPIs to Conquer Economic Uncertainty

Jet Global

In 2021, construction spending grew 8% in the United States, and the overall value reached $2 trillion in Q2 2022 alone according to Deloitte’s 2023 Engineering and Construction Industry Outlook. The Construction Products Association’s (CPA) Autumn Forecast predicts the construction market in the UK will fall by 3.9%

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The top 7 FP&A trends for 2023

Jedox

In times of uncertainty and change, technology can drive our ability to adapt quickly. Geopolitical tensions could cause rapid change across the economy, requiring organizations to change strategies quickly, re-forecast often, and use multiple scenario planning with all information available. Technology is a talent magnet.