State of the CIO

05 January 2010 00:00 am , Nick Athanassiadis, CTO,Q Ventures LLC

Today’s CIOs – the enterprise technology leaders – are struggling to strike the right balance between the technology adoption, business agility and smart spending. There are some very important questions that today’s CIOs need to answer and these are:


Q:How much of know-how on technology, business and people should a CIO have to distinguish himself from a tech-only leader?

A: Nick Athanassiadis: “Yesterday’s CIO is today’s new COO. With the industry increasingly working hand-in-hand with technology, the CIO and COO roles are increasingly overlapping, and, in many cases, can even be interchangeable. The CIOs role is more about having a keen understanding of a business and how specific information technology can help that particular business move forward and meet its goals. It is no longer simply about choosing technology and managing projects.”


Q:How much of management skills does he require to make his next career move into the boardroom?

A: “The modern CIO has to posses the same management skills as any other C-level executive and in particular, those of a COO. Without these skills, it will be impossible to be effective in the boardroom.”


Q:Does a CIO essentially become the master in sales to have internal buy-in?

A: “If the CIO reports to the CEO and is hired to implement the strategic vision of the company, then internal buy-in becomes an easier task. On the other hand, the internal buy-in will depend solely on his ability to sell the solution or direction to different levels within the organisation.”


Q:Should a CIO be an excellent marketing pro to sell himself as a brand?

A: This is a must-have for any C-level executive. Information technology is still viewed in many instances as a ‘necessary evil’ or a pure cost. Therefore, part of the job of the CIO is changing the perception that many executives have that a senior level information technology officer is not needed at the executive ‘table’ and can actually improve a company’s bottom-line results.


Q:What are the key challenges facing a CIO while dealing with CFOs and CEOs?

A: Making sure that the CEO embraces technology as a must-have asset of the company that needs to evolve and grow Involve stakeholders and division heads in pro-active discussions and brainstorming sessions Use the business processes and discuss specific examples where tools can have a positive impact to the bottom line If IT is done well, it saves company money rather than being a profit-center, and this fact makes the position disposable in many executives’ eyes.


Q:Should innovation be a driving force for CIOs going forward?

A: Innovation is important but in my opinion there are several steps before reaching this stage.

Intimate knowledge of the business

Engineering and re-engineering processes

Successful implementation of technology tools that can increase efficiencies and decrease cost

Be one step ahead of the business next step (acquisition, new product, new service) to help the new step rather than joining after the fact

When all of the above steps have been utilised it will be time to start innovating so the business can reach the next plateau and differentiate itself in the market place.

 


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