00:11 — This episode is brought to you by the Cloud Wars Expo. This in-person event will be held June 28th to 30th at the Moscone Center in San Francisco, California.
01:07 — How do CFOs collaborate, save money, and increase not only efficiency but also effectiveness?
01:23 — As a CIO, Wayne shares how he can cut the IT budget to save money as an example. However, what is the overall accomplishment within the company by doing so?
02:10 — CFOs need to think about leverage and the percentage of the budget they spend on it. What does that do for the overall efficiency of the company, with both digital optimization and digital transformation?
02:28 — Wayne challenges CFOs and CEOs to tell IT to be more efficient and take a cut to their day-to-day maintenance of what they do. Then, reinvest that back into improving another area of the company. Use the leverage of that part of the budget to produce top-line growth and efficiencies in the middle that drop to the bottom line.
03:10 — Don’t challenge so much with being efficient, rather challenge them to help the business with effectiveness.
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