Adrian JohnsonTLDR:
Technology is changing the relationship between CFOs and CIOs, bringing them closer together as they navigate the digital transformation of businesses. The traditional adversarial dynamic between the two roles is shifting as they collaborate on technology initiatives that have the potential to drive revenue and cost savings.
In a recent article by The Wall Street Journal, it was highlighted how technology is reshaping the collaboration between chief financial officers (CFOs) and chief information officers (CIOs) in companies. While historically their relationship has been marked by friction, with the CIO seeking funds for technology projects and the CFO serving as a gatekeeper for budgetary concerns, the rise of digital technology has changed the conversation between the two roles.
The article emphasizes the importance of CFOs and CIOs understanding each other’s perspectives and working closely together to leverage technology for revenue generation and cost optimization. As businesses undergo digital transformation, the collaboration between CFOs and CIOs is becoming increasingly vital for driving innovation and staying competitive in the market.