Updated
Updated · Financial Regulation News · Jun 23
67% of CFOs Plan Higher IT Spending as Only 37% Turn Optimistic on U.S. Economy
Updated
Updated · Financial Regulation News · Jun 23

67% of CFOs Plan Higher IT Spending as Only 37% Turn Optimistic on U.S. Economy

2 articles · Updated · Financial Regulation News · Jun 23

Summary

  • Grant Thornton found 67% of CFOs expect to raise IT and digital-transformation spending, even as only 37% said they are optimistic about the U.S. economy over the next six months.
  • Technology is driving that push: 60% of finance leaders ranked tech and AI-led transformation among top value-creation priorities, 48% cited technology upgrades as a top priority, and 97% said their companies are piloting, scaling or fully integrating AI.
  • Confidence in execution was more mixed, with 42% saying they can meet cost-control goals and 43% confident on supply-chain needs, while 67% expect inflation to rise over the next 12 months.
  • The survey of nearly 240 finance leaders also showed 68% expect profits to increase over the next year, as tariffs, oil-supply concerns and conflict with Iran keep uncertainty elevated and push some firms toward nearshoring in Latin America.

Insights

Can aggressive AI spending truly shield U.S. firms from escalating global economic and geopolitical storms?
As trade wars and conflict roil markets, how are businesses rewriting their strategies for survival?