In this blog, we look at the role of CIO today.
The role of CIO today is one of Leading, Governing, Investing and Managing.
Leading – Creating vision by understanding the business and strategic needs by concentrating on lines of business. CIO attends industry meetings with line executives, reads industry publications and web updates, holds informal listening sessions and partners with a peer executive to encourage leadership and project teams to study the marketplace and competition. CIO creates a vision of the future by being proactive and not simply reactive. A vision of a desirable future can provide stability when it sets a direction for an organization. CIO sells the vision & encourages champions of IT projects.
Governing: IS Governance is “The assignment of decision rights and the accountability framework to encourage correct behavior in the use of IT.” It is about deciding who makes decisions and not about making decisions once decision rights have been assigned. CIO establishes governance in an organization by assigning decision rights to help large and diverse IT assets & legislative and regulatory compliance by striking a balance between global and local needs and ensure IT project and portfolio are in sync with business needs.
Investing: Shaping the IT Portfolio by either strategic view or tactical view. Strategic view is what to invest in while the tactical view is how to make investment decisions? CIO decides on a strategic view of making IT investments by studying IT, competition, innovation and productivity in the virtuous circle. CIO targets IT investments by prioritizing on levers that matter based on company needs and goals.
Managing: CIO establishes credibility by focusing first and foremost on the “today” even before talking about the “tomorrow” and deliver value-added, quality services. CIO foster change on technical aspects while an emphasis on change management. CIO change the way people work by bringing it to the next level
The CIO have a solid understanding of the goals and operations of the organization they serve. CIO role covers a lot of ground, requiring IT leaders to strike the right balance between crafting technology strategy and driving business innovation while overseeing routine IT functional tasks such as cost control, vendor negotiation, crisis management, and operational improvements. CIOs are happily embracing their evolution from order taker and implementer to strategist and business enabler.