CFO Insights — Digital finance: Avoiding the pitfalls of moving to the cloud
In the Q3 2016 CFO Signals™ survey of 122 North American CFOs, cloud computing easily outpaced other emerging digital technologies in terms of its deployment, with 80% of respondents saying they use cloud in some form, and 30% saying they use it broadly. As cloud computing continues to come of age, it is playing a foundational role in the digital transformation efforts of many organizations.
CFOs who still regard moving to the cloud as primarily an information technology (IT) opportunity, however, may miss out on the chance to help their companies leverage cloud’s many advantages. Thus, it is important that CFOs move beyond a basic conceptual understanding and take a closer look at the cloud’s nuances.
This issue outlines the potential opportunities presented by the cloud and poses a series of questions that CFOs should ask to avoid the pitfalls.