CFOs have discovered the big stick of cloud computing

Guess what? It’s not CIO or other leaders who are calling in the cloud consultants these days. It’s the CFOs who are picking up the phone. 

That’s logical if you think about it. CFOs are charged with keeping the company financially healthy. They are not happy about most IT expenses, and they have a deep-seated belief that IT is spending more money than it needs to. So, the concept of cloud computing seems to be a hammer that the CFO can use to beat IT into being much more efficient. 

Although CIOs love to complain about the CFO’s constant harping over expenses, the reality is that IT got its way for a long time. Indeed, many CEOs have confided in me that they felt that their IT shop was holding them hostage. I’ve heard stories about IT stopping mergers due to that amount of work needed to integrate the systems. And about building new data centers about every five years to deal with the growing need for data storage that reduces earnings per share, and causes CEOs some tense times at shareholder meetings.

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from InfoWorld Cloud Computing