Information technology increasingly falls under the oversight ofa company's finance chief, according to a recent survey bytechnology consulting Gartner, Financial Executives ResearchFoundation and the Committee of Finance and IT of FinancialExecutives International. The survey of 344 finance executivesshows that IT reports up to the CFO in 42% of organizations.
Finance chiefs also have a lot to say about how IT spends itsmoney: CFOs authorize IT investments in 26% of organizations, andCFOs and CIOs jointly sign off on investments in another 25%. Only5% of CIOs can authorize investments on their own.
Looking ahead, almost half of the finance executives expect toboost capital spending next year, with 30% predicting it will be upby 3% to 9%, and 18% seeing an increase of 10% or more.
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