Why CFOs and CIOs are in a power struggle over AI [Fortune]
Gannett Co., Inc. (GCI)
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Source: Fortune
But when it comes to measuring the benefits of AI investments, the two C-suite leaders are not on the same page. A new report by KPMG reveals that more than a third (39%) of CFOs and 49% of CIOs consider the definition of technology ROI to be a contentious area. The findings are based on a survey of 102 CFOs and CIOs and their direct reports. Not only do they disagree on ROI, but also about who holds primary responsibility for AI and technology investments. Fifty-nine percent of CFOs claim this responsibility, while 61% of CIOs see it as their prerogative—a recipe for a potential power struggle. The leaders also have different perspectives on whether collaboration works. About 57% of CFOs think collaboration can significantly improve operational
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