The Role of the CIO

  Governance   Strategy  

With IT representing about 70% of all capital expenditures, estimated in total at over $1 trillion dollars per annum, CIO’s are expected to “run IT like a business,” maintaining specialized skills and expertise in:

·  Providing utility services --- ‘keeping the lights on’;  and running operations, service and support  flawlessly

·  Managing the IT architecture

·  Driving and providing oversight to the discovery and development of new products and solutions

·  Serving as a key strategist, offering ‘art of the possible’ ideas and concepts in the formation of corporate strategy

·  Providing a venture capitalist approach in taking calculated risks based on potential IT solutions that could  increase productivity, drive revenue growth, and decrease costs

·  Managing and measuring the performance and alignment of the IT portfolio fund; serving a key role on the Executive Steering Committee

·  Providing education, demonstrating marketing savvy, and thought leadership skills.  Providing a balance between managing the status of IT investments, serving as an advocate for new and existing IT solutions, and promoting for the goodness and value created by the IT organization

·  Assuring that the best and brightest are hired and…

Please log in or sign up below to read the rest of the article.