The Changing Role of the CIO

Posted: 26/02/2012 in Strategy
Tags: , ,

The Changing Role of the CIO infographic from Wikibon explores the varying roles of the CIO. The prominence of the CIO position has risen greatly as information technology has become an increasingly important aspect of the modern organization.  The amount of information that companies ahve to deal with and make sense of is only going to continue to increase.

CIOs today have a top operational and strategic priority (not technology priority) to support the mission of the business through the application of technology. While they are under pressure to reduce costs, CIOs must deliver agility and efficiency to the organization. The CIO is also VERY concerned about risk. CIOs don’t want to disrupt what’s working while chasing new opportunities.

Think of the CIO as managing a portfolio of applications, technologies, people and processes. The technology portfolio is allocated to initiatives that are designed to 1) Run the business 2) Grow the business and 3) Transform the business.

 Like a good portfolio manager, the CIO must balance risk and reward by allocating resources in a balanced manner. The degree of risk is a function of the objectives of the board of directors and the strategic plan and operating plans of the companies.

 

 

 

 

 

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