Gartner Research

CFO Advisory: Innovate Financial Methods for Digital Business

Published: 30 April 2014

ID: G00262776

Analyst(s): Jorge Lopez, Sanil Solanki

Summary

Success in the digital age will require significantly more investment in R&D and digital innovation. CFOs must match the creation by CIOs of more agile IT, with new ways to evaluate and optimize investments in digital opportunities.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Revisit the Budget-Setting Process
  • Identify Financial and Qualitative Evaluations of Digital Projects
    • Time Frame Is a Critical Factor When Evaluating Digital Projects
  • Provide Leadership Symbols of Industrializing Innovation
    • Building Partnerships With Nearby Universities/Colleges
    • Create Incubation Centers
    • Create a Bounty Program
    • Consider Buy Versus Build — Strategic Acquisition of Innovation Capabilities for Digital Business Transformation

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