BizSugar.com › Finance › Your Real Boss Is the Money Person – Hot Topics – It – American Sentinel University Blog

CIOs are losing control of the investment decisions for their departments, according to a recent survey by Gartner, Financial Executives Research Foundation, and the Committee of Finance & IT of Financial Executives International. CFOs alone authorized 26 percent of all IT investments, while CIOs solely authorized only 5 percent. You don't need an advanced computer science degree to see that companies are increasingly putting IT under the thumb of finance.