We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,088 News Articles

Gartner: CIOs losing IT expenditure control

Chief financial officers taking the reins

Only five percent of chief information officers have the power to authorise IT investments, according to a Gartner report.

Chief financial officers' influence in IT is growing, as CFOs alone have authorised 26 percent of all IT investments, the analyst house found. These figures are from research conducted by analyst Gartner, the non-profit Financial Executives Research Foundation (FERF), and the Committee of Finance & IT (CFIT) at Financial Executives International (FEI).

The research, designed to gather perceptions from financial executives about technology, key trends and planned improvements to operations, also showed that 42 percent of IT organisations report directly to the CFO, and 33 percent of IT organisations are reporting to the CEO.

To obtain the results Gartner and FERF surveyed 344 respondents who "were qualified in providing a perspective on technology deployment within their organisation".

Gartner analyst John Van Decker said: "This high level of reporting to the CFO, as well as their influence in technology investments, demonstrates the need for companies to ensure that their CFO is educated on technology, and underscores just how critical it is that the CIO and CFO have a common understanding on how to leverage enterprise technology."

The survey also showed that senior financial executives expect IT spending to "recover conservatively" in 2011, with 38 percent of respondents saying that they do not expect this growth to reach the level experienced before the recession in 2008. The survey found that 40 percent see the level of growth consistent with 2010.

The top IT investment priorities from the CFO's perspective were business intelligence and enterprise business applications such as ERP and integrated financial management.

Now read: Should IT answer to the CFO?

IDG UK Sites

Windows 9 release date, price, features: Microsoft teases new OS ahead of 30 September unveiling

IDG UK Sites

From the iPhone 6 to the iWatch and a new Apple TV we look at the products Apple is set to launch...

IDG UK Sites

September 2014 creative trends: 5 things you must see

IDG UK Sites

What to expect from Apple in autumn/winter 2014: iPhone 6, iPhone Air, iWatch, iPad 6, new Apple...