Is It Time To Say Goodbye To The CIO?
So you want to be a CIO someday. Great. However, there may be a bit of a problem with your goal — the position of CIO may be going away. In fact, in about 10 years or so (is that when you are planning on seizing the reigns of IT control?) the position may look completely different from how it looks today. Hmm, a moving target. Maybe we should talk with some current CIOs to find out just what’s going on here…
Do CIOs Still Need To Have Business Skills?
Over at CIO Insight magazine they just got done doing their annual survey of CIOs. The results were, to say the least, eye-opening. The answer to the most asked question about the need for CIOs to have business skills is still a definite YES.
Current CIOs report that they are acting as much as business leaders as technology leaders. The days in which a CIO could lost himself / herself in the world of IT and be left alone appear to be long gone.
There is a bit of a double standard going one here however. CIOs are reporting that although they are being asked to implement programs that will result in fundamental business improvements, the position of CIO is still being pushed back to the second tier of senior management.
What Skills Do CIOs Need To Have Today?
With all of this talk of business skills, won’t CIOs need to have solid technical knowledge going forward? The answer appears to be yes, but. CIOs are saying that the job skills that they use most include finance, business process modeling, written and spoken communications, and just a bit of sales and marketing skills. I sure didn’t see servers, bandwidth, application security, or API knowledge anywhere on that list.
In fact, CIOs are reporting that the folks who are currently getting hired into IT positions have, can you believe it, even less business knowledge than people did just two years ago. This is quickly going to cause a problem: there are going to be very few qualified candidates to become CIO over the next few years. Can anyone say “opportunity”?
Skills That CIO-Wanna Bes Need To Be Working On
You might be asking yourself, so what skills do I need to be working on to take advantage of the need for business savvy CIO candidates that will be coming in the future?
The list is actually fairly short. To start with, you need to have very good public speaking skills and the leadership skills that will be required to implement what you talk about. A detailed understanding of the business that you are working for (like how they REALLY make their money) and a solid understanding of corporate finance.
There is, of course, more to this list. Once you’ve mastered the basics, then you’ll have to keep adding skills. Today’s CIOs report that you’ll also need to know how to master the strategic use of information, how to lead enterprise-wide changes, perform business model innovation, and improve business processes.
What All Of This Means For You
The report from today’s CIOs is not all good. It sure looks like CIOs are currently being treated as second-class citizens in the C-suite. However, as we all know, IT is not going away and it sure is not getting any less important. I’m thinking that CIOs are actually going to become more important over time.
CIOs are reporting that although business skills are becoming an even more important part of the set of tools that a CIO needs to have, fewer and fewer IT hires are coming with these skills. Clearly this is opening the door for those who dream of someday becoming the CIO.
Contact Blue Elephant Consulting to find out how your team can be trained to be ready for their shot at the top spot. We’ve can lay out the skills that they will need to develop. By working with Blue Elephant, your IT team can be ready for the day that they call their name to become the firm’s next CIO…!