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The CIO (chief information officer) is responsible for developing and implementing the digital strategy of the corporation. C-suite managers must have a working knowledge of technology in order to do their jobs effectively. The CIO is responsible for overseeing hardware, software, data and websites so they can be used successfully. They also research new technologies, strategize how they can provide business value, and address the risks associated with them The CEO reports to the CIO, and to some extent the CIO sits on the executive board. Visit assignmentsguru to get top notch CIO assignments. We have a pool of experienced writers with amazing portfolio on their work. Our writers ensure you get you Network nodes assignments on time before deadline.
What does the CIO do?
As a result of their increased strategic responsibilities, CIOs started to delegate the oversight of day-to-day IT operations to deputies and staff and became increasingly reliant on specialists to manage specific areas of IT, such as storage or security.
With 2020 looming on the horizon, most businesses are expecting their CIOs to be strategic partners to other C-level leaders. In this era of artificial intelligence, companies are seeing a shift in focus from computing to business applications.. CIOs are expected to work with their executive colleagues to develop a strategic vision for the enterprise and articulate how IT can support and enable the organization’s current and future state.
CIOs need to know about organizational transformation technology so they can be proactive in their use of it. They also need to be conversant with the digital economy so they can provide effective solutions for their company’s needs.
Why is the CIO important?
At the start of the 21st century, technology became increasingly ingrained in how organizations operate, how entities transact and how individuals live their day-to-day lives, with the internet and powerful mobile computing devices making IT an indispensable part of most people’s lives.
At the same time individuals became increasingly demanding of their technology and the organizations with which they interact, expecting both to provide easy-to-use and engaging experiences that help them do whatever task they want better, quicker and cheaper. This expectation has put pressure on organizations of all kinds — from commercial entities to nonprofits, from government agencies to medical providers — to leverage technology to meet those expectations. Industries that don’t innovate will soon become obsolete, while organizations that are not retaining their clients risk losing market share.
With stakes so high, the CIO position — with its focus on how to use technology to be competitive — has become essential to an organization’s long-term success.
In its 2019 CIO survey, advisory firm Grant Thornton and the Technology Business Management Council declared: “This role is becoming more critical as technology becomes increasingly ingrained in all aspects of business and consumers’ lives. CIOs who can successfully [become a trusted business partner] will have a seat at the table to drive innovation and business growth throughout digital disruption.”
Responsibilities of a CIO
The CIO has ownership of IT and as such has responsibility for the key delivery requirements that fall to the technology department. So, in addition to contributing to the organization’s overall IT strategy, the CIO:
establishes, maintains and oversees at the highest level the technology architecture and technology choices that power the organization, ensuring that the systems are available and reliable;
IT are responsible for providing the technology infrastructure to their clients. They might even have a plan for allocating funds made available to them so they can maintain the primary technologies needed for the task. evaluates, purchases and deploys technologies;
sets parameters for when, where and how others within the organization can purchase, implement and deploy technology;
maximizing technology resources helps organizations to maximize their return on investment.
participates in important meetings to ensure that the organization is following cybersecurity practices.
researches and evaluates existing and emerging technologies to understand where new systems can be used to achieve organizational objectives and plan for how the organization will utilize systems for its gain in the near- and far-term future.
Qualifications and skills of a CIO
Early CIOs needed to be highly skilled technicians. However, as the position evolved into a more strategic, business-oriented one, the skills required to do the job successfully evolved as well.
As a result, CIOs in the 21st century aren’t just great technicians. They also need to have a high degree of business acumen, understand their organization’s industry and possess knowledge of the various business functions within their organization, how the organization operates and how the organization defines success.
Arguably, the most effective CIOs not only have the ability to dramatically re-engineer business processes, they also have the leadership skills required to convince others that change is necessary.
To discover how IT can generate business value, CEOs must grasp and respond quickly to market forces like innovations in technology and vendor offerings and disruptions and more and a customer base that is demanding more of their end.. Many experts believe the pressure on CIOs to adapt to these market forces is more acute today than it’s been in the 30-year history of the role.
The increasingly rapid pace of technology change, coupled with widespread consumer adoption of digital technologies such as social media, mobile devices and cloud computing, has led to a growing need for digital literacy have forced CIOs and their enterprises to rethink the role IT plays in nearly every aspect of the business, from operational efficiency to employee productivity to customer service to business goals and even business survival.
Current CIOs must also have a collection of leadership qualities and soft skills (also known as people skills) to help inspire their own staff. their fellow executives and workers throughout their organizations to accept the frequent changes brought on by technology innovation and to embrace working in different ways.
The future of the CIO
As businesses transition from traditional solutions towards a native-digital workflow, the role of a CIO is changing. They must adapt to new skills sets that may include development, architecture, and other roles that have been traditionally managed by other departments in an organization. This includes the need for cloud-based IT, mobile-first computing, big data analytics and social collaboration platforms.
Advances in computing power are allowing increased usage of AI and the Internet of Things. These advances are gradually making machine learning accessible to regular users across the globe. Digital disruptors such as ride-sharing service Uber and streaming media company Netflix are redefining business models and whole sectors of the economy. Meanwhile, the responsibility of safeguarding enterprise IT systems and data becomes a nearly impossible task in the face of relentless cyberattacks.
Some have observed that the ubiquity of computing has brought the role of the CIO to a point where it must change. Some CIOs are eager to exploit technology to create business value. Other CIOs, according to executive search professionals, are concerned they have not been trained to carry out the initiatives they’re expected to lead. As the flow of information becomes ever more central to business success or failure, the role of the CIO is filled with risk and primed for great reward.
Some experts believe that as companies strive to compete in the digital marketplace, CIOs are the best-positioned to become CEOs. Others argue that IT strategy-setting and the procurement of IT systems will be subsumed by business functions, and the CIO role, as traditionally defined, will be carried out by a team of specialists throughout the company.
Additional IT executive roles: CTO, CISO, CDO, CAO, CAIO
Already, many former CIO responsibilities are being transferred to other executive roles. In addition to a chief technology officer and a chief information security officer, a host of new “information chiefs” are cropping up with titles that include a chief data officer, a chief digital officer, and a chief artificial intelligence officer. Additional C-suite titles related to information technology include: chief analytics officer, responsible for data analysis within an organization and sometimes combined with the chief data officer role; chief privacy officer, responsible for developing and implementing policies that protect employee and customer data from unauthorized access; chief risk officer, responsible for assessing and mitigating competitive, regulatory and technological threats to an enterprise’s capital and earnings; and chief trust officer, responsible for building confidence around the use of customer information.
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