From CFO to CVO
The next evolution in business is upon us. “Enterprise 4.0” is the term used today to define the combination of digital technologies, data, and analysis tools found throughout the design and production chain.
The CFO will provide vital support for the company’s strategic and business decisions, with a broader professional horizon and vision enabling him or her, almost naturally, to undertake a growth process potentially leading to the role of CEO. In the 4.0 era, the CFO has the opportunity to increasingly become a Chief Value Officer, focusing on the creation of value for the business.
As companies prepare to further integrate digitalization into their day-to-day processes, cost-reduction efforts can play an integral role in shoring up the cash flow needed to make necessary investments in new technologies.