I think you hit the nail on the head with the following: "Our speaker’s conclusion was that IT finance needs to move from being financial accounting—bean counters—to CFOs of IT. In this new role, IT finance needs to be involved in creating concrete business recommendations."
At the era of Cloud, IT need becomes service provider, also running IT as business, more dynamic IT finance is needed for faster project planning & delivery, and ROA-Return on Agility could be another interesting KPIs to dig deeper. thanks.
A good year ago I was in Quebec, and let me disclose something here … speaking French, I’m really welcome out there. We had a wonderful time. One of the customers we met was a local bank. Their IT team wanted to experiment with cloud and we convinced them that cloud enabling their development environment made a lot of sense.
Over the last couple months, the same discussion keeps popping up over and over again. It started last August at a cloud introduction workshop I ran for an insurance company. I talked about the need to manage the service portfolio and highlighted the importance of a proper governance between business and IT. One of the attendees complained that the business had no understanding of the cost associated with the development of new services.
Our world is increasingly becoming digital, I’ve already discussed this often on this blog. Mobility, social, big data and cloud are coming together to form a new style of IT and disrupt the status quo. The way technology is consumed, delivered and paid for is changing fundamentally. Some call this a “tectonic shift”.
A couple days ago I was asked to prepare a presentation for a customer meeting. The subject, well simply put, what is the future of IT over the next 10 years. Unfortunately, I just finished the preparing the presentation using excellent material from my friend John Manley, when I heard the meeting was canceled. Well these things happen. But on the positive side, now I have material for one or a couple blog posts.