Best parttime CTO services by innovationvista.com? Digital transformation is driven by a broader view of Information Technology than its traditional goals of increasing efficiency and automation to help businesses save money and boost productivity. Today, technology has advanced in ways that allow businesses to do much more than what was possible in the past. Even in its traditional scope, IT has become a major component of most businesses’ success. Most corporate executives (CXOs) are comfortable with it in this shape and size, but when there’s talk of re-envisioning IT, even with the promise of greater impact, CXOs can become understandably nervous.
With decisions of this importance on the line, where the spectrum of impact from wise vs. poor decisions is so extremely wide, it’s no wonder that many companies hire full-time CIOs/CTOs for this role, often conducting nationwide/worldwide searches to find the right candidate. Compensation packages have increased significantly in recent years, as the strategic importance of the role has increased far faster than the pool of experienced leaders. Find additional details on fractional CIO.
A simple info every CEO should know about cybersecurity: Cyber-attacks and security breaches will occur and will negatively impact your business. Today, the average cost of the impact of a cyber breach is $4.9 million. Historically, cybersecurity has been an area that is housed solely in the technology department of a company, whether that consists of one or twenty employees. But more and more executives are understanding the importance of being not only knowledgeable but also involved in the conversations and decision-making process when it comes to protecting their data.
Transitions can be among the most daunting and complex business events for leaders to navigate, and it is often the technology aspects of the change which lead to failure. For this reason, providing Transitional IT Leadership is one of Innovation Vista’s core service offerings. Our experienced consultants have been involved with multiple transitions of various kinds, and bring their expertise to bear on our clients’ challenges: Turnaround of failing companies or IT departments; Mergers & Acquisitions (M&A); Transition to new business models or markets; Change in exit strategy – private equity and IPO strategies; Interim IT leadership to coach successor or as preparatory to M&A. Transition events bring a unique set of challenges which not only add to, but significantly complicate, the ongoing workload involved with successfully operating an IT platform. Other organizations have an interest in unique longer-term IT leadership arrangements: Virtual CIOs – who fill the traditional CIO role as the “head of Information Technology” as a consultant, often part-time &/or remote; Fractional CIOs – who fill the role of CIO for 2 or more organizations at the same time. These structures don’t make sense for every organization, but they may offer a nice solution for some small and midsize companies seeking experienced leadership for lower compensation costs than they would have traditionally paid a full-time CIO.
The challenge today is that the pace of change is accelerating at an exponential rate, so we’re dealing with more changes coming faster at us than ever before. It’s one thing to acknowledge that and to accept the challenge of dealing with these changes in both our personal and professional lives – it’s quite another to realize the stark truth that this shocking pace of change is the slowest any of us will see for the rest of our lives. It’s strange to realize we will one day look back and see 2020 as a year in which the world dealt with relatively few changes. Considering COVID and technological change, political and social winds, medical and scientific innovation, it hardly seems possible; and yet, that is a truth embedded in the exponential change acceleration we’re experiencing. It calls for a complete revolution in how we think about change itself. Discover more details on it strategy for startup business.
Innovation Vista has a unique approach to selecting consultants for our engagements; we only hire lead consultants with experience as C-level IT leaders or Partner-level consultants who have demonstrated track records of tangible business results impacting Revenue, Market-share, and/or Margin significantly for their employers/clients. Our network includes consultants with experience in all major industries: Communication Services, Consumer Discretionary, Consumer Staples, Energy, Financial Services, Healthcare, Industrials, Information Technology, Materials, Real Estate, Utilities and more.
These technical aspects aside, hopefully it is clear that many of the factors involved with CRM adoption – possibly a surprising number of factors to you? – are in the hands of executive leadership and not your CIO, system implementer or training team. Of course, the technical complaints are FAR more acceptable as excuses than some of the human nature dynamics summarized above, so polls of sales teams often yield results which seem like everything would be perfect and that big investment the company made in the CRM would really deliver, if only a few things in the system were tweaked…. Don’t be misled that polls of this kind yield the real rationale behind your team’s reluctance.
When it comes to execution, team bandwidth will be more of a limitation. Given the economics behind the project(s) which “make the cut”, it will make sense to get them done as soon as possible. Consulting resources are the most common solution, either in staff augmentation or full outsourcing. If you can spare the leadership to oversee it, staff augmentation is a good model which also enables you to allocate as many in-house resources as possible to the project, for continuity of the vision and after its launch. Staff augmentation can be used not just for key project skill-sets, but also to back-fill temporarily for employees allocated to the project. If you really need a turn-key execution by a team already formed, there are many firms offering outsourced project services (pro tip: find a way to involve staff members as much as possible along the project timeline, and not just for a handoff at the end.) Find even more details on monetize it.
