Why Hire a Fractional CIO?
Did you know that every Fortune 1,000 company has a full-time Chief Information Officer (CIO) on their leadership team? The CIO title is commonly given to the most senior executive in an enterprise responsible for the information technology and computer systems that support the enterprise’s goals. As a member of the leadership team, we expect our CIO’s to be business savvy and understand the enterprise’s responsibility in creating shareholder value. We also expect our CIO’s to be technology savvy and understand where technology has been, where it is going and how the organization can use technology to help achieve its goals.
The skills required for a person to be knowledgeable in both business and technology can be both demanding and rare. CIOs have demanding jobs as information systems in an organization are often taken for granted until something breaks down. Due to these demands, it is no surprise we generally see full-time CIO’s in larger businesses where the costs for that individual and their skillset can be spread over a larger enterprise.
What about CIO’s in small and medium-sized businesses? Currently, only a few well funded small and medium-sized businesses have a full-time CIO and been successful in retaining them. Often, recruiting this level of talent for small and medium-sized firms is done either through venture funding or by offering the CIO equity in the firm. Yet even in these well funded minority cases, we often see the small or medium-sized business used as a stepping stone for the CIO before moving on to a larger firm where the opportunities are richer and the risk is lower.
Rackless is working to solve this problem. By strategically partnering with small and medium-sized businesses and providing CIO services on a fractional basis, Rackless’ is working to level the playing field for these small and medium-sized businesses seeking to add a CIO to their leadership team. Fractional CIO’s differ from traditional CIO’s in that they serve as a working member of a company’s executive management team as a contractor and may or may not serve on the company’s board of directors.
By providing CIO services on a fractional basis, Rackless also provides the CIO less risk by diversifying their client base. Also, the diversified environments that come from serving several clients at the same time helps to improve the CIO’s skillset. By leading the market in building a platform where small and medium-sized organizations can access the CIO talent they need, it is Rackless’ hope that we have achieved a true win-win between our clients and their Fractional CIO.
At Rackless, we offer 3 types of CIO’s: Fractional CIO, Interim CIO and Virtual CIO. Each type of CIO serves a specific and different role. If you would like to talk more about Rackless’ vision for how your organization would benefit from our CIO services, please contact us. We look forward to helping you and your team with your upcoming technology decisions and we appreciate you putting your trust in us.
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We are excited about the services we have available for our clients. Whether a client is looking to upgrade their network, deploy a new cloud-based system or is in the market to learn what they can do to make their team members' technology more effective, Rackless can help. To read more about the services we have available at Rackless for our clients, click here.