They are keen to collaborate with CIOs to ensure their companies get the most from digitalisation and emerging technology. The important thing is that for many CFOs technology is now one of their top 5 priorities for the immediate short term. CFOs are increasingly tech savvy, and like us they see that there’s still a way to go before businesses have completed their digital journeys. The last 15 months have meant that they are now better able to understand the contribution technology is making, not just to everyday business resilience and reliability but also to support hybrid working, new ways of collaborating and partnering to deliver new services. Several recent surveys have reported that CFOs now really appreciate just how much of their company’s value creation is being enabled by technology. There is more than a rumour out there that CFOs are in the mood for investing in technology.
I expect this year will be different again. Many projects were put on hold, but many were fast tracked and ended up delivering faster and cheaper than anyone ever expected. Last year it never stood a chance as events overtook it. It’s that time of year when the annual planning cycle usually starts to come to life.
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