Only 1/3 of CFO-CIO Relationships are Collegial, Survey Says

(From Gartner) Organizations with strong CFO-CIO relationships are 51% more likely to easily find funding for digital initiatives and 39% more likely to keep digital spending in line with the budget plan. However, a new survey by technology consulting firm Gartner shows that just 30% of CFOs and CIOs said they have a “collegial” and “business-centric” CFO-CIO partnership. The report outlined a number of steps that can enable digital success, including:

• Adopt product-line funding models to increase comfort with digital spending.
• Use an expanded set of metrics to reframe expectations for digital success.
• Use a common performance management framework.
• Prioritize involvement in IT's big-picture discussions.
• Equip IT with tools that promote digital-cost-structure transparency.