vCIO News for 04-23-2018

Virtual C Strategy Planning with Adam Walter

Chief information officer

Typically, the CIO reports directly to the chief executive officer but may also report to the chief operating officer or chief financial officer. As a CIO must make executive decisions regarding things such as the purchase of IT equipment from suppliers or the creation of new systems, they are therefore responsible for leading and directing the workforce of their specific organization. CIOs are directly required to map out both the ICT strategy and ICT policy of an organization. Information technology and its systems have become so important that the CIO has come to be viewed in many organizations as a key contributor in formulating strategic goals for an organization. The prominence of the CIO position has greatly risen as information, and the information technology that drives it, has become an increasingly important part of the modern organization. The CIO may be a member of the executive committee of an organization, and/or may often be required to engage at board level depending on the nature of the organization and its operating structure and governance environment. No specific qualifications are intrinsic to the CIO position, though the typical candidate may have expertise in a number of technological fields – computer science, software engineering, or information systems. Despite the strategic nature of the role, a 2017 survey, conducted by Logicalis, of 890 CIOs across 23 countries found that 62% of CIOs spend 60% or more of their time on day to day IT activities. In 2012, Gartner Executive Programs conducted a global CIO survey and received responses from 2,053 CIOs from 41 countries and 36 industries. As SaaS, IaaS, BPO, and other more flexible value delivery techniques are brought into organizations the CIO usually functions as a 3rd party manager for the organization. In essence, a CIO in the modern organization is required to possess business skills and the ability to relate to the organization as a whole, as opposed to being a technological expert with limited functional business expertise. The CIO position is as much about anticipating trends in the marketplace with regard to technology as it is about ensuring that the business navigates these trends through expert guidance and proper strategic IT planning that is aligned to the corporate strategy of the organization.

Keywords: [“CIO”,”organization”,”technology”]