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IT Directions 2.0

(continued)

Two questions of particular interst to us involved the role of IT in addressing new regulatory requirements, and the broader issue of IT as a perceived source of strategic differentiation. We found CFOs bearish on one, bullish on the other. They were also split on the issue of new and/or closer ties between finance and IT.

Will the demands of Sarbanes-Oxley and/or other regulatory requirements affect your IT budget?
No, compliance does not hinge on IT
 40%
IT can play a part, but existing systems can be easily adapted
 23%
Yes, we'll spend more on IT
 20%
Not sure
 13%
Current economic conditions rule out an IT solution
 4%

Going forward, will IT be a source of competitive advantage for your company?
Yes
 61%
No, but it never was
 23%
Not sure
 10%
No, current economic conditions limit what we can do
 5%
No, our IT priorities have changed, probably for good
 4%

In the past year, has your relationship with your CIO changed in any way?
No substantive change in our relationship
 48%
We work more closely together
 35%
Yes, now the CIO reports to me
 8%
Yes, now the CIO reports to another C-level executive
 6%
We work less closely together
 3%




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