Automation as an Inflation Strategy
The survey data revealed that automation will remain a consistently viable primary action for about a quarter of CFOs over the short and medium term, with interest in this strategy slightly rising if inflation persists. Notably, automation and price increases were selected by a near equal amount respondents as their planned primary action to combat inflation, if needed, in Q4 of 2022.
“CFOs are increasingly looking to the long-term benefits of digital investments, including automation, that can permanently reduce the cost of doing business,” said Bant.
Previous Gartner research highlights how CFOs can utilize technology investments to drive down the cost of doing business while increasing profitable growth through the process of digital deflation.
Gartner clients can learn more in: What CFOs Are Doing About Inflation. Nonclients can learn more in: 3 Ways to Mitigate Margin Pressure from Input Price Inflation.
CFOs and finance leaders can participate in Gartner research and get complementary access by joining the Gartner Research Circle.
About the Gartner CFO & Finance Executive Conference
Gartner experts will provide additional insights on the key issues facing CFOs during the Gartner CFO & Finance Executive Conference, June 6-7, 2022, in National Harbor, MD. The Gartner CFO & Finance Executive Conference delivers actionable, objective insight to CFOs and their teams to help them leap-frog forward on their digital journey by understanding what successful teams are, and are not, building, buying, and borrowing in the market. For the full agenda and to register visit: //www.gartner.com/en/conferences/na/cfo-finance-us.
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