The CIO: Numbers
Thursday, 18 February 2010 13:45
The CIO is facing the challenge of becoming a true analytical thinker when it comes to dealing with financial numbers because he or she comes from the IT world. They judge and make decisions based on their “business sense” and vision but frequently without real data analysis or quantitative research modeling. This may bias their understanding of certain indicators such as ROI, potentially leading to inaccurate estimations and possible wrong decisions. A sound knowledge of financial math will enable CIO's to create better decisions for their enterprises. Therefore, math is important not only for CFOs but for CIOs as well!