Finance chiefs have not only gotten used to being the boss of the technology manager, they’re beginning to believe the two roles create a certain level of what the Brits like to refer to as “redundancy.”
This may be the reason that a growing number of CFOs believe the role of CIO may soon disappear in many companies.
Research by Getronics recently revealed the role of the CIO in its current capacity will not exist in five years.
The survey of 203 key financial decision makers in companies of 1,000 employees or more found that almost one in five CFOs (17%) believe that the role of the CIO as it currently stands is in jeopardy. A further 43% of financial decision-makers believe that the role will merge more with Finance and a third (31%) believe that CIOs will come from a non-technical background.
The role of the CIO has already been subject to a number of changes in recent years, with 77% of CFOs and financial directors claiming they have already assumed greater responsibility for IT decisions over the past 1-2 years.
Respondents revealed that 38% of businesses that have rolled out a cloud computing solution had the project initiated directly by the finance department, rather than IT.
A further 39% reported they had been directly involved in cloud projects, but only after the IT department had initiated it. This trend can be attributed, in part, to the attractive utility model of cloud services, where companies avoid long-term contracts and can track ROI and costs far more accurately.
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