CIO Work Report - Executive Brief (£)
Studies of Chief Information Officer (CIO) employment shows that they tend to stay in a job on average for only 4 years and 4 months. Nevertheless, the likelihood of a long career often increases significantly for those CIOs that stay longer than 2 years and get engaged with their organisations.
The first year as CIO is considered the quiet review when they attempt to understand the organisation’s systems and employees and they are often treated with quiet respect.
In the second year if they get engaged with strategy and planning and the Board they tend to stay longer.
In the third year they spend more time on systems and implementation.
In the fourth year if they discover that the implementation is not going well then early in the fifth year they start looking for their next job.
Often when CEOs try to improve IT they replace the CIO even when they have not really analysed the issues and the reasons for what they believe is required.
How long has your CIO held his/her position?
- Less than 1 year: 16%
- 1-2 years: 26%
- 3-4 years: 19%
- 5-7 years: 15%
- More than 7 years: 24%
On average 51.3% of CEOs are satisfied with IT functions and less than 35% think CIOs and the IT departments are doing an adequate job. Often this is because the Board do not understand the IT issues and the CIO has not been given adequate time and assisted reporting analysis to explain clearly the issues to the Board and CEO.
Some of these findings may be attributed to the Board’s and the CIO’s inability to:
- Effectively manage organisational relationships.
- Understand the requirements and needs of different departments
- Have adequate commercial understanding of the electronic opportunities and potential cognitive systems that could change the business strategy or products. IT will create on-going innovations that will help businesses capitalise on the growing technology opportunities.
Please Contact Cyber Security Intelligence: Here.