For decades, finance leaders have viewed IT as a cost center and managed it that way. But times, they are a-changing. Today’s savvy CFO realizes that technology can be a a business driver, not just an enabler.
A recent Gartner survey showed that a majority of the 255 US-based CFOs surveyed say they’re focused on tech business analytics and applications.
The Gartner research showed that the CFO’s top was in information and financial analysis that can help them run the business to make more dynamic decisions about sales and effectiveness in the organisation.
The second priority was information management and knowledge sharing, while cost management was closer to the bottom of priorities.
That low priority assigned to cost management shows a positive shift in attitude because it indicates that CFOs are now beginning understand that IT could be used for business advantage.
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