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Tuesday, October 18, 2005
Infoworld raises the question about future role of CIO'S inside enterprises.The article notes that the center of gravity in decision-making for strategic IT solutions is shifting away from the CIO. As companies move back toward more centralized control, it is more often the case that the CIO reports to the CFO. Or, in cases where the CIO reports to the COO or CEO, the CFO will put his or her own people into the IT organization. In the age of compliance, there's a heightened interest in data management, data cleansing, and data warehousing. "Data governance" appears to be the catchphrase of the day to describe this new emphasis. Sarbanes-Oxley is changing how companies aggregate data. In the past, everyone sent their spreadsheets to the CFO, who put them all together. The CFO relied on regional controllers to get the data out of IT systems. Now, however, CFOs want to dictate or mandate the business definitions and unify them across the country and globe. In the future IT landscape, the CTO will report directly to the CFO, rather than the CIO. So is the CIO a dinosaur? SOX has brought in a culture of having information on a timely basis, with an audit trail and everything must be traceable to the source. In this context, while IT is responsible for satisfying the needs for compliance, the CFO is the gatekeeper. The CFO material is amongst the most wanted in the corporate world.
Category :CIO |
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