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ARTICLE · 04 JANUARY 2013

The Data-Driven Business Requires A New CFO/CIO Dynamic

Deloitte
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In many companies, the CFO and CIO can easily oversee 2,000 to 4,000 people and given the nature of their respective charges — finance’s to reduce risk without overspending and IT’s to increase benefits from the organisation’s technology assets — they have sometimes been at odds on where investment should and shouldn’t be made.

United KingdomStrategy
Marcus Boyle
Marcus Boyle
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In many companies, the CFO and CIO can easily oversee 2,000 to 4,000 people and given the nature of their respective charges — finance's to reduce risk without overspending and IT's to increase benefits from the organisation's technology assets — they have sometimes been at odds on where investment should and shouldn't be made.

The explosion of data is changing the CFO/CIO relationship

With the importance of information access and business analytics on the rise, the need for a stronger union between the CFO and CIO is clear. However, in a Deloitte CFO Signals survey, only a little over half of the CFOs said they have the information they need to effectively manage the business. Therefore, it is imperative that CFOs and CIOs act now, to understand the wealth of data available in their organisations and how it can help drive more informed business decisions.

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