Defined: A chief information officer (CIO) is the corporate executive in charge of information technology (IT) strategy and implementation. In addition to overseeing the hardware, software and data that helps other members of the C-suite do their jobs effectively, the CIO must research new technologies, strategize how technology can provide business value and address the risks associated with digital information. In many companies, CIOs report directly to the chief executive officer (CEO), and at some companies, the CIO sits on the executive board.
According to PayScale, the salaries for a CIO ranges from $99,160 and $307,785. in addition to the salary, there are benefit costs as well. If you need a full time CIO, then this is the route you will need to take. However, if you do not need a full time CIO, why not consider a virtual CIO to handle all of the IT planning within your business. Technology Mumbo Jumbo can deliver the same results as a full time CIO, but on a part time basis and no benefits, saving you thousands every year.
So, what does a Virtual CIO do?
- Develops IT goals for the direction of your business
- Anticipates Technology Changes and Keeps you aware of those changes
- Creates a business technology plan of action
- Manages your IT projects
- Reviews your current IT policies
- Create a strategy to keep your data safe and a pan of action to implements that plan
- Researches the correct technology and hardware that fits with your business needs
- Performs IT Risk Management by identifying
- Keeps up with industry compliance changes
- Develops a technology training strategy for employees