According to this article published by Microsoft, 39 per cent of IT organisations now report to the CFO.
The article finds that a key reason for this is the wealth of information that big data and analytics provide: “[The] shifting role of the CFO isn’t just relegated to the foray into the technology sphere. The explosion of big data and analytics has created a huge pool of previously unavailable resources by which business leaders can make more nuanced decisions, and it has created new possibilities for profound impact on the business“
It continues, “The rise of digital technology affects every executive in today’s modern enterprise, but perhaps no role is impacted more profoundly than that of finance. With the continuing evolution of the role of finance, many financial leaders are now tasked with balancing the traditional job requirements of accurate and timely financial reporting with new necessities, including setting the strategic technology direction of the company, discovering insights in a deluge of data, and driving corporate performance through the use of technology“
Read the article in full on microsoft.com here.