Should CFOs yield the technology responsibilities that come with making faster data-driven decisions to a new C-suite officer? Or, does the Finance Leader need to own that decision-making process? Is there room at the executive table for another C-suite executive … and enough financial bandwidth to cover another executive compensation package?
But, in polling Finance Chiefs in the SmartBrief for CFOs, the results of two polling questions are … interesting.
Last week’s question was around how technology is driving the current evolution of the CFO role, and asked how many CFOs held responsibility for the IT function. While 44% said IT was a separate department, 42% said they currently oversee IT and another 3% will be adding that function to their ever-evolving responsibilities this year. So, pretty much a 50/50 split among those who responded.
With 50% saying IT was a separate department, it begged a follow-up question in this week’s SmartBrief for CFOs …
Is there room at the executive table for a Chief Analytics Officer to manage and analyze data?
At the time this blog was posted, almost 50% said no to another C-suite executive role.
What do you think … will the finance role evolve to absorb this increasingly critical technology function, or will it require yet another C-suite table mate? Feel free to vote in this week’s poll and/or leave your thoughts below.