CEO Insights Magazine

Nepal is growing and growing faster. According to reports, the country's real GDP growth is expected to be 5.1 percent in 2025, and increase by 0.4 percent next year. The World Bank reports say that the services sector is a key growth driver, with tourism, real estate, and trade leading the way. However, another entity, the Asian Development Bank, expects less growth than the World Bank. According to ADB, Nepal's GDP is expected to be 4.9 percent in 2025, and inflation is expected to be 5.5 percent.

This growing landscape is giving more confidence to the business realm in the country. The digital transformation

market in Nepal is expected to see significant growth by 2025. The key growth drivers of the market include the flaring adoption of cutting edge technologies like cloud computing, big data analytics, AI, and cybersecurity across various sectors such as finance, healthcare, and government. Needless to say, chief financial officers (CFOs) in the country have to make some important technology investment decisions.

CFOs worldwide are going through a transformative era that is majorly driven by the dynamic evolution of technology. For modernday CFOs, technology proficiency is no longer an option, but a vital virtue must as importance as the business knowledge itself. CFOs must be at the forefront of digital transformation - wrapped perfectly around their business, leveraging emerging technologies such as AI, machine learning, and blockchain to enhance financial processes. Going forward, the responsibilities of their role will increasingly include understanding and driving the adoption of technology solutions that increase efficiency, reduce risk, and provide real-time financial insights. Embracing and deploying these technologies will help them steer their organizations to operational excellence and better competitive advantage.