The speed of technological change threatens to dramatically shorten the lifespan of companies who do not make innovation the bread and butter of their existence.
If your company has a tendency to rest in bureaucracy, or to react only when the market demands, it will likely have a shorter life span, and the cause of its death will surely be the so called creative destruction.
Those days when CIOs used to think exclusively in terms of technology and systems are over. Now they must be experts in business.
Similarly to what is happening with other management positions (read "Today's Role of the CFO"), the current role of the Chief Information Officer includes the responsibility of keeping an eye on the global performance of the company, and acting accordingly. This way, the CIO becomes a negotiator, who must develop technological innovations and sell them internally.
In today's fast moving business environment, the Chief Information Officer is assuming a greater role in the success of a company.
The voice of the CIO is being heard in new ways – as CIOs are increasingly recognized as full-fledged members of the senior executive team. Successful CIOs are much more actively engaged in setting strategy, enabling flexibility and change, and solving business problems, not just IT problems.
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