View all newsletters
Receive our newsletter - data, insights and analysis delivered to you

Cloud gives CFOs chance to get involved with IT: survey

Google research says financial bosses will take more active role in buying IT services

By Vinod

Cloud computing will give chief financial officers (CFOs) the chance to become more influential on the technology side of a business, according to a new study.

According to the research by Vanson Bourne on behalf of Google, half of the senior financial decision makers quizzed believe that as the adoption of cloud computing within enterprise continues to grow, CFOs will become more influential in the purchasing and management of IT services.

The survey also revealed that many CFOs agree with the IT department that cloud computing can have a positive impact on the business.

Two-thirds (66%) of respondents the cloud increases the IT department’s contribution to corporate strategy while 69% believe that cloud computing increases the IT department’s ability to innovate.

Many CFOs are pinning their hopes on cloud computing: a massive 93% said that cloud computing will be important to the success of their company over the next 12 to 18 months, and 94% believe that cloud computing provides their business with quantifiable benefits, such as reduced IT maintenance costs (44%), reduced IT spend (47%) reduced operational costs (47%) and improved process efficiency (34%).

Most business surveyed (68%) said their company has either already implemented cloud services or has plans to.

"To date, enterprise cloud adoption has been largely driven by the IT function. However, today we see ourselves having more discussions with CFOs, COOs and CEOs and it is not hard to see why," said Thomas Davies, Head of Google Enterprise for the UK and Ireland.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

"The benefits of cloud computing go far beyond the obvious cost savings on software and reducing the burden of maintenance. The strategically significant role it can play within an organisation in terms of driving innovation and productivity is making it an increasingly attractive option for businesses that want to remain competitive and agile," he added.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.