AI Sparks Mixed Feelings Among CFOs, Survey Reveals
More than three-quarters (76%) of corporate finance leaders see artificial intelligence as a source of security and privacy risks that could threaten their organization’s financial health. This wariness may slow AI adoption, even though many CFOs consider the technology a key driver of change in their roles over the next five years.
Finance software firm Kyriba shared these insights in a recent report, highlighting a clear tension: the promise of AI versus concerns about its risks.
Trust Gap Challenges CFOs
“Artificial intelligence is reshaping how CFOs and senior financial decision-makers approach strategy, operations, and growth,” the report noted. Yet, it also pointed out a major hurdle—a trust gap between AI’s unproven benefits and growing worries about security and privacy.
With 96% of CFOs prioritizing AI integration despite these concerns, addressing this trust gap is critical for organizations looking to stay competitive.
Spending on Generative AI Set to Surge
According to Gartner’s March forecast, worldwide generative AI spending will reach $644 billion in 2025, rising 76.4% from 2024. This surge reflects the strong interest in AI’s potential across industries.
Still, Kyriba’s report emphasizes the need for finance leaders to implement clear safeguards and transparency to gain confidence in AI solutions.
AI’s Growing Impact on CFO Roles
- 53% of CFOs expect AI to significantly change their roles, outpacing workforce changes (44%) and C-suite succession (41%).
- Nearly half plan to use AI to reduce the effects of external pressures like market volatility, tariffs, and political instability.
Despite ongoing security and privacy concerns, CFOs increasingly see AI as essential for strategic growth, smarter decision-making, and managing regulatory demands.
Survey Details
Kyriba’s findings come from a poll of 1,000 CFOs, treasurers, and senior financial decision-makers conducted between February 18 and March 3. The participants represented organizations across the U.S., U.K., France, and Japan.
For finance professionals looking to better understand and apply AI tools in their work, exploring specialized training can be valuable. Resources like AI tools for finance offer practical guidance tailored to this field.
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