CFOs unfamiliar with cloud computing

Thursday - 3/3/2011, 5:52pm EST

Cloud computing may be a familiar term for chief information officers but that’s not the case for chief financial officers, according to two new surveys from CFO Magazine.

When asked to describe their current approach to cloud computing, 29 percent of the CFOs surveyed admit they aren’t sure what cloud computing really means. Another 27 percent say they are exploring cloud options but don’t know if they’ll use cloud services.

The up side?

Of the CFOs currently using the cloud and those that believe they will use the cloud, 44 percent say cloud computing will allow them to “significantly rethink and restructure [their] overall IT strategy.”