A recent survey has found that in an increasing number of organizations, the CIO is not the person who decides what IT projects should get investment dollars. Instead, the CFO is making the choice.

According to a joint survey conducted by Gartner Inc. and Financial Executives Research Foundation (FERF), more IT organizations report to the CFO than the CEO or any other executive. Forty-two percent of IT organizations surveyed said that they reported to the CFO, and 53% of CFOs said that they would like to move to this reporting arrangement.

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