July 8, 2011 – In a dismal trend for CIOs, bean counters are increasingly dominating technology decisions at companies, a Gartner study released this week has found.

The survey of 344 CFOs and other senior financial executives found that CFOs alone authorized 26 percent of all IT investments during the past year, while CIOs alone authorized only 5 percent of IT investments. Of course, this is the CFOs' version of the world. According to John Van Decker, the Gartner research vice president who conducted the study, CIO studies show more of a bias toward CIOs being in charge. However, year over year, CFOs demonstrate that they're controlling IT purse strings more each year. This year's survey, for example, found that 42 percent of IT organizations report directly to the CFO, and 33 percent of IT organizations report to the CEO.

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