1050: Harnessing the Power of Three: Dynatrace’s Layered AI Strategy | Jim Benson, CFO, Dynatrace
Nov 13, 2024
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Jim Benson, the CFO of Dynatrace, brings a wealth of experience from HP and Akamai Technologies. He discusses the importance of clarity and storytelling in presenting complex financial data. Benson shares insights on Dynatrace's innovative AI strategy that combines generative, causal, and predictive elements to enhance user experience. He reflects on his career journey, emphasizing mentorship, adaptability, and the value of professional networks, while encouraging CFOs to build trust and prioritize operational integration in their roles.
Dynatrace's 'power of three' AI strategy integrates generative, causal, and predictive AI to enhance user accessibility and operational efficiency.
Jim Benson highlights the vital role of simplicity and clarity in financial storytelling to effectively engage diverse audiences and stakeholders.
Aspiring finance leaders should embrace diverse experiences and mentorship outside finance to develop strategic thinking and adaptability in their careers.
Deep dives
The Power of Three Approach in AI
Dynatrace has developed a novel AI strategy known as the 'power of three' approach, integrating generative AI with causal and predictive AI components. This combination allows users without advanced technical expertise to easily engage with the platform and query data. By leveraging larger language models, Dynatrace aims to broaden its user audience, making its offerings accessible to a wider range of stakeholders. This strategic enhancement is designed to empower users who previously relied on specialists, thereby improving overall operational efficiency.
The Value of Clarity and Focus
Jim Benson's experience emphasizes the importance of simplicity and clarity in conveying financial information, particularly when presenting to large audiences. His early challenges in communicating complex data at Compaq taught him that distilled narratives with fewer, more impactful points resonate better. Through this learning process, he developed a keen understanding of how to craft messages that engage and inform stakeholders effectively. This skill has played a crucial role in his evolution as a finance leader, where effective storytelling is essential.
Building Breadth and Depth in Experience
Jim Benson advocates for aspiring finance leaders to seek diverse experiences rather than focusing solely on hierarchical progression. His early career in a financial management program exposed him to varied roles, allowing him to develop a comprehensive understanding of business operations. Benson credits mentorship from various business leaders, not just within finance, for enriching his perspective and helping him cultivate a broad range of skills. This multifaceted approach has been essential in shaping his strategic thinking and adaptability as a CFO.
Transition from Compaq to Akamai
Reflecting on his career journey, Jim Benson noted that his move from a significant tenure at HP to Akamai was a pivotal moment fueled by both opportunity and personal aspirations. Akamai sought a finance leader with substantial corporate experience who could also adapt to a rapidly growing smaller company environment. This strategic shift allowed him to apply his extensive knowledge while navigating the challenges of a publicly traded company. Benson's successful transition from Compaq underscores the importance of aligning personal goals with professional opportunities.
Emphasizing Growth and Financial Discipline
At Dynatrace, Jim Benson focuses on alignment across various functions as a cornerstone of the company's growth strategy. His finance team is actively working on establishing leading indicators that will drive success and ensure cohesive operational practices. Additionally, Benson emphasizes the need for greater efficiency in general and administrative functions, exploring potential opportunities to enhance productivity through emerging technologies such as AI. By prioritizing alignment and leverage, he aims to strengthen Dynatrace's position in a competitive market.
One of the key lessons that helped advance Jim Benson down the CFO path was one in clarity and focus during his tenure as FP&A leader for the customer service division of Compaq, freshly acquired by Hewlett-Packard. Eager to influence how the division’s performance was presented, Benson dedicated himself to crafting detailed reports and narratives. However, each time he handed his work to the general manager—a skilled storyteller in his own right—his carefully prepared materials were distilled down to two or three essential points.
At first, Benson, a ten year HP veteran, found the process frustrating. “You work very hard to prepare a set of materials and a narrative,” he recalls, “but he would take my materials and build his own narrative.” Yet over time, Benson began to see the value of simplicity and focus, especially in conveying complex financial information to large audiences. The customer service division was in the spotlight for HP’s earnings, so every quarter required a clear, compelling story that was rooted in financial reality and accessible to diverse audiences.
Through this process, Benson honed his storytelling skills, learning to construct narratives that cut to the core of the message without sacrificing key details. This foundational experience shaped his leadership style, setting a high standard for strategic communication throughout his career. Today, as CFO of Dynatrace, Benson applies these skills to ensure that every financial story aligns with the company’s mission, balancing growth, profitability, and innovation.
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