Posted in: Budgets and spending, Latest News & Views
CFOs are often tasked with making sure the IT department’s resources are used in ways that help the business. But what does IT want from the CFO and the rest of the organization?
The answer: More respect and more shared responsibility, according to a recent survey of IT leaders from HCL America.
Getting IT aligned with the business requires work from both sides. Here’s what IT managers and CIOs said they need from their companies:
How IT leaders want to be seen
A common complaint from CIOs and IT managers: They often feel that they aren’t given as much sway as other leaders throughout the company. The number-one thing CIOs want from executives and top management, according to HCL, is the chance be seen as “business leaders.”
Nearly half (43%) of CIOs and IT managers see themselves as “value creators,” while 16% consider themselves to be “collaborators,” and 14% self-identify as “visionaries.” Fortunately for them, management is starting to change its view of IT departments.
The majority of board directors believe IT is “very important” (43.1%) or “critical” to the financial success of the company, according to a PricewaterhouseCoopers survey of 860 directors of public companies. Only 7.4% said IT is “primarily infrastructure” and focused mainly on back office support.
Goals for the IT department
As for the goals CIOs and IT managers have for their departments, the three things they’re trying to accomplish now are:
- Making the IT department more aligned with the business
- Increasing innovation, and
- Driving new business opportunities that help the company become more competitive.
IT leaders would also like to improve the relationship between their departments and the rest of the company — and that requires work on the part of IT staff, as well as other employees. For their own people, CIOs said they’d like to see the staff gain a better understanding of the business and actively look for new opportunities to increase the value they provide for the organization.
And from others, they’d like to see open communication and clear requirements so goals can stay aligned, as well as accountability and sharing of responsibility for key initiatives.
FinanceTechNews.com delivers the latest Finance news once a week to the inboxes of over 150,000 Finance professionals.