CIO magazine's report on the state of the CIO position, is a survey taken with the goal of understanding how the positions of CIO continues to grow and strengthen in today's business world. The survey found more CIO's optimistic for both their businesses and their industries, though they are aware and predict challenges. The survey also looks at all aspects of the position of CIO within the business structure; organization, budget, and responsibilities, and how CIO's view their role and interactions with other company stakeholders.
After reading the report there were three findings that most caught my attention. These three did so because of its direct impact on IT sourcing:
1. CIO's are shifting to a position of up front strategist. They analyze how the company can better use their resources to their advantage over the competition. Having identified 10 tasks that do not need to be micro managed by the CIO, opens up time and eventually capitol. This shift can occur but not at the expense of vendor management or IT contracting expertise.
2. CIO's want to shift spending to enable better relations. CIO's are hungry for ways to fund new IT initiatives rather than spending the bulk of their budget keeping current investments up and running. This shift from core systems to systems that help engage with customers and business partners alike. By helping CIO's reduce the costs of their current technology investments, they can be instrumental in finding the resources to fund IT innovation.
3. CIO's tenure is getting longer. A consistent growth over the past three years. This is a major positive for the IT procurement. A longer tenure allows for consistency within IT which boosts strategic sourcing improvements.
As the numbers keep improving in the field of CIO, the more strategic and impactful the role of CIO is to the business.
After reading the report there were three findings that most caught my attention. These three did so because of its direct impact on IT sourcing:
1. CIO's are shifting to a position of up front strategist. They analyze how the company can better use their resources to their advantage over the competition. Having identified 10 tasks that do not need to be micro managed by the CIO, opens up time and eventually capitol. This shift can occur but not at the expense of vendor management or IT contracting expertise.
2. CIO's want to shift spending to enable better relations. CIO's are hungry for ways to fund new IT initiatives rather than spending the bulk of their budget keeping current investments up and running. This shift from core systems to systems that help engage with customers and business partners alike. By helping CIO's reduce the costs of their current technology investments, they can be instrumental in finding the resources to fund IT innovation.
3. CIO's tenure is getting longer. A consistent growth over the past three years. This is a major positive for the IT procurement. A longer tenure allows for consistency within IT which boosts strategic sourcing improvements.
As the numbers keep improving in the field of CIO, the more strategic and impactful the role of CIO is to the business.
About the Author:
Joseph B. Kappernick specializes in helping Fortune 500 companies save money. He recommends that you visit NPI to learn more about IT expense management solution
