Over the last 20 years we have seen a dramatic change in the adoption of technology across all business sectors. Due to this change we have seen the role of a Chief Information Officer (CIO) change from being a back-office techie to a corporate executive in-charge of Information Technology Strategy and Implementation.
A modern CIO is becoming a key person among the executive team and board room with their role being to balance strategy with operations. Through this change another trend has surfaced, and it is that of a Virtual CIO (vCIO). A vCIO is essentially an outsourced resource(s) that would do as many, or as little elements of the CIO role necessary, dependant on the business requirements.
A CIO/ vCIO provides a business with a high-level strategic direction, helping you with the rate and pace of technology change and how it contributes to your business strategy, goals and systems.
The Four Key Benefits a CIO/ vCIO will bring to your business:
A CIO/ vCIO will take large quantities of data and turn it into actionable insights through implementing tools like Microsoft Power BI. A CIO is able to analyse a report and identify key strengths and weaknesses for your business – now and in the future.
A CIO/ vCIO is skilled in measuring not only lag measures but lead measures, enabling you to forecast possible pain points in the future. They will not only help you and the executive team set goals, but they will also develop plans to help you achieve them.
In today’s modern environment, we need a team who can approach complexity across multiple business units. Execution is hard, a CIO/ vCIO will work across the pain points of IT and create a team to deliver the best outcome with your company’s business goals in mind.
Through their expertise in technical and soft skills, a CIO/ vCIO is able to communicate with all stakeholders that form your business and operations, giving them the opportunity to. improve relationships both internally and externally and create strong partnerships.
Each business is different, as is the level of CIO investment required. Some businesses may need a full-time CIO, while others can use a part-time contractor or Virtual CIO (vCIO) consultant.