Transitioning to a digital IT function Key findings about transitioning to a digital IT function: New digital technologies, such as cloud, increase the bottom line and offer top-line growth opportunities. Transitioning the IT function to a digital world is a key focus for CFOs worldwide. Fifty percent of those who make it a very high priority report EBITDA growth of 10% or greater. Among the rest of the sample, just 34% grew at this rate. Fifty-eight percent of CFOs make it a high or very high priority. Five CFO priorities for leading the transition to a digital IT function with their CIO: 1 Ensure strategy drives IT and not the other way around 2 Plot a way out of the legacy trap 3 Shift the digital IT investment mindset from Capex to Opex 4 Manage digital IT risk exposures as part of the enterprise risk management framework 5 Unite against digital IT fragmentation 5 Partnering for performance Part 3: the CFO and the CIO 28