CIOs and CFOs Must Align
The struggle to spend versus save has often been a two-sided war (and it makes sense in a process of checks and balances). However, CFOs have traditionally understood allocating budgetary resources for IT to spend on hardware and software programs necessary for business processes.
But the transformation of the IT industry has followed a pattern of evolution. Recently, there’s been an invasion of disruptive technologies and new advancements in the industry. This transformation, and the velocity at which it has occurred, has forced IT to reevaluate its budget and focus on new spends.
These new, more technologically advanced spends aren’t as easily justifiable to finance departments, nor are they as widely accepted and understood by companies as a whole. CIO and IT departments are finding it difficult to show direct ROI in a cloud investment or mobility strategies for remote employees – so the war over spending continues.