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
 
74,800 News Articles

CFOs playing bigger role in IT decisions, survey says

In an increasing number of organizations, it's not the CIO who's deciding which IT projects should get funding -- it's the chief financial officer.

A recent survey of 344 senior financial executives by Gartner and two financial management associations found that CFOs "authorized" 26% of IT investments. The survey also showed that 42% of IT organizations report to the CFO, and 33% to the CEO.

In a warning shot to CIOs, only 30% of the CFO respondents said they believe that IT provides clear business benefits, and only 32% said that they view the CIO as a "strategic partner."

The study's message is that "IT needs to get much closer to business," said Gartner analyst John Van Decker. Otherwise, "what you are going to see is more of the control being taken away" from CIOs, he said.

Van Decker acknowledged that the survey reflects the bias of CFOs and their view of what's occurring in their organizations.

The CIO job won't disappear, Van Decker said, but it could erode. If CIOs don't become more business-oriented, he warned, business units "will go off and do their own thing and involve IT at a minimum."


IDG UK Sites

LG G3 release date, price, specs and new features 2014

IDG UK Sites

iPhone 5s review: why the iPhone 5s is still the best phone you can buy in 2014

IDG UK Sites

PCs vs consoles: PCs still pwn when it comes to gaming (and everything else)

IDG UK Sites

NAB 2014: Affordable 4K cameras, boundary-pushing plug-ins & drone domination