CFOs considered IT decision-makers
Tuesday, May 22, 2012
Companies have a lot of decisions to make regarding the adoption of IT solutions such as cloud computing, virtualization and other technologies to improve their operations, database performance or boost collaboration.
Market research firm Gartner and the Financial Executives Research Foundation recently surveyed 255 chief financial officers and found that CFOs help their organizations make IT investment decisions.
Several technologies, including cloud computing, social, information and mobile solutions, are expected to be key spending sectors moving forward, according to the study.
"While CFOs certainly appreciate reduced cost through the more efficient delivery of IT, organizations need to understand that CFOs want technology investment that they can see business value from in the form of improved business processes," noted FERF research director Bill Sinnett. "Therefore, their priorities are largely focused on analytics and business applications."
CFOs undoubtedly will consider the cloud as a top IT investment this year. According to a recent survey of 528 U.S. mid-market executives by professional services firm Deloitte, 40 percent of participants named cloud computing and Software-as-a-Service as one of their top IT priorities in 2012, growing from 29 percent that answered similarly in 2011.