To Virtual CIO or to CIO?

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That is the virtual question!

The Virtual CIO also known as the Fractional CIO in recent years has become a very needed position. Whether you are a small or established business, you already know what Information Technology means to your business growth. It is what powers your business by removing all the potential obstacles, optimizes your capabilities, enhances the level of communication in your business, and most importantly, protects your confidential data. However, a significant number of business owners, as well as employees, aren’t IT experts, and perhaps this is where virtual CIO services come in handy.

What’s more, today, the chief information officer, CIO, is arguably one of the highest-paid leadership positions in modern business organizations. This only implies that this is not a position that many organizations can afford to support. Thankfully, we have another viable option in the form of vCIO or simply virtual CIO, which refers to the process of outsourcing business technology consultants and you practically benefit from their services on a highly flexible basis.

Virtual CIO Keyboard Image
JAYCO CLOUD VIRTUAL CIO SERVICE

So, what is a Virtual CIO?

A virtual CIO refers to the process of outsourcing of all the functions of a Chief Information Officer, CIO, for organizations that may not have either the budget or the expertise to seek the services of a full-time CIO. The primary role of a fractional CIO is to formulate strategic Information Technology objectives and goals for your company, and then manage an IT budget and strategy that meets these goals and objectives.

Irrespective of what your business does, you use technology to run it. Whether its organizing appointments, processing payments, paying your employees and other bills, communicating externally or internally, the role of technology in any type of business is immeasurable. 

Female CIO

A Chief Information Officer is responsible for the strategic insight on how the available technology will spur business growth. They act as the bridge between the technology and business sides of an organization and link these two aspects of the business to ensure that the objectives and goals of the business are met. A Chief Information Officer will manage IT resources and budgets, make necessary recommendations regarding the purchase of office equipment, plan and develop policy, manage IT resources, evaluate security, and calculate how to maximize business revenue using the available business technology. What’s more, they are responsible for the company’s technology roadmap.

Daily, these valuable professionals are always reviewing new technology, determining when the organization’s current technology will become obsolete and be replaced, managing vendors to ensure cost efficiency, and doing everything within their power to ensure that the business technology can meet the future needs of the business.

Daily, these valuable professionals are always reviewing new technology, determining when the organization’s current technology will become obsolete and be replaced, managing vendors to ensure cost efficiency, and doing everything within their power to ensure that the business technology can meet the future needs of the business.

CIO working with multicultural team
JAYCO CLOUD VIRTUAL CIO WORKING WITH STAKEHOLDERS

So, what type of businesses are a good fit for a Virtual Chief Digital Information Officer?

  • You are seeking the help of a technology professional to help you to plan or become better at planning technology.
  • You are a small business firm that is growing and thus needs help in making technology work for your business and spurs business growth.
  • Your Information Technology team can just keep up with technology advancements or lack the necessary technology skills to keep pace with your growing business.
  • You think you could potentially save money and labor costs by putting a huge emphasis on technology to help solve your business problems, but you lack the budget to fund a full-time employee.
  • You are a strategic business owner and know and understand and know the value of a well thought out tech plan that can help your business achieve its goals. In this respect, you don’t consider IT to be a cost center, but a potential profit center for your organization.

So, what businesses are not a good fit for a Virtual Chief Information Officer?

Your business may not benefit from a Virtual Chief Information Officer if:

  • Your organization already has a Chief Technology Officer, or an IT Director and you now feel you are already benefiting from this type of service.
  • Your business isn’t looking this far ahead regarding how technology could support and benefit your business.
  • You only purchase technology on an as-needed basis, with the cost of these tech purchases being the deciding factor. As such, you have no interest in building a plan for future technology purchases.
  • You are not prepared to part ways with a team member in your IT department, even if that means your organization will operate more efficiently.
Benefits Chart
Benefits of using JAYCO Virtual CIO

What are the benefits of a Virtual CIO?


There are potentially endless reasons why you would want to hire the services of a Virtual Chief Information Officer. Technology not only changes extremely fast but is equally highly complex. Many organizations, especially small ones, have a hard time keeping up with the core challenges of their business, leave alone managing their IT appropriately. Even bigger IT teams are sometimes overwhelmed simply trying to keep operations and internal systems up and running, let alone carrying out any strategic planning.


Most organizations usually continue to maintain outdated technology that is hindering performance and business growth. Of course, the ultimate goal is to leverage technology to help reduce expenses and increase revenue. However, if you are not using the right technology to help achieve these business goals, there is always a greater possibility of a huge chunk of your budget going down the drain. You might have an incredible in-house IT team that is doing an amazing job at keeping your infrastructure up and running, however, it usually requires the intervention of qualified, experienced third party IT consultants to breathe fresh life into your business.


Arguably, the greatest benefit of a virtual Chief Information Officer is that you have a professional who can take an objective examination of your business and make effective technology recommendations that will eventually enhance your business and help it achieve its anticipated objectives. Many times, a Virtual Chief Information Officers are more beneficial because they are outside of your organization and boast industry expertise that goes beyond what you could potentially hire in this capacity. Below are some of the most compelling reasons why you should hire a vCIO.

Efficiency

Cost Efficiency:


As we previously mentioned, most small to medium-sized organizations may not be able to afford a full-time CIO. The compensation package for a full-time CIO at a large organization is approximately $500k, dropping down to around $150k for smaller companies. And still, you’ll have to factor in overhead costs on top of this in terms of bonuses, benefits, and profit-sharing.

Even though pricing structures may vary greatly, a Virtual CIO usually charges depending on either an hourly rate or a flat rate, which is relatively highly affordable. When you work with a virtual CIO, you will have access to all of the benefits of having a full-time CIO, but you will not have the burden of adding this executive to your monthly payroll until your business grows so can afford one. Simply put, hiring a virtual CIO has much to do with affordability vs value, two essential factors any business owner has to handle continually. Working with a virtual CIO is cost-effective because it allows you to save the cost of hiring and retaining hard-to-find, expensive IT talent, allows you to optimize the costs of your existing IT environment, and helps in keeping your business secure.

Having an Expert at your Disposal:


The prospect of developing a strategic technology plan can sometimes prove to be a complex and daunting task. This only implies that not all of us may have the skills and expertise to do it effectively. Beyond having unrivaled technical expertise and being on top of the latest tech trends in the industry, virtual CIOs also boasts a great understanding of business management. This critical skill allows them to understand your business goals and objectives and turning this into a robust, extended strategic technology plan that aligns with your business’ unique needs and vision.


If you are growing organization and could utilize the expert knowledge of a CIO on your staff, but can’t justify the cost, a virtual CIO is perhaps what you need. By outsourcing this executive role, you can tap into an expert that is up to speed on some of the latest technology currently having an impact in the business world and currently solving many business problems just like yours. A seasoned virtual Chief Information Officer might probably have had the advantage of interacting with hundreds of other organizations struggling with many of the same challenges as yours and knows and understands what type of technologies are best for solving some of these issues, if not all.


Such an expert will eventually help you to map out your technology now as well as what you might need in the future and will equally stay right on top of it to ensure your business can favorably compete with other businesses that may have vast resources.

words related to cyber security
Cyber Security and Disaster preparedness is all part of JAYCO Cloud Virtual CIO services

Security and Disaster Planning:


Today, cybersecurity is one of the top concerns of executives. This is perhaps because of the sophistication of the attacks, the technologies designed to offer protection against them as well as the emerging global regulations to address these cybersecurity threats are evolving at a much faster rate. And simply because their data sets are relatively smaller, smaller businesses are not immune to these attacks. If you don’t have an internal cybersecurity professional, or it doesn’t make sense to hire one on a full-time basis, you need to seek the services of a virtual CIO.


Starting with a risk assessment, a virtual CIO will help you design a strategic security plan that covers every area within your organization, including security training programs, security policies, disaster recovery, implementing compliance and reporting, business continuity planning and disaster recovery among other aspects. Virtual CIOs can recognize any form of digital threat and respond to them before they even occur. Simply put, your virtual Chief Information Officer boasts all the required certifications and technical skills that are necessary to keep your organization secure at all times.

A Feasible Technology Roadmap:


If you want your business to be a success, then you must have a forward-thinking vision of what you want to achieve, where you want to be, as well as the areas that need immediate improvements. A virtual CIO will provide you with a feasible IT plan and strategy to help your organization leverage IT solutions ideal for fulfilling both short and long-term goals and objectives.


Well-informed Decision-making:


Every single business out there would always want to leverage the power of innovative technology. However, not all have both the personnel and expertise to do it. With a highly experienced virtual CIO at your disposal, you’ll have the luxury to work with the right technology and solutions that blend with your unique requirements. You will benefit from a strategic IT plan for your business, ensuring that you always make the best investment decisions that are both beneficial and sustainable.

Productivity Sign

Increased Productivity:


By having a well-structured and carefully managed IT system, you will potentially reduce the risk of impacted operations and downtime. Your virtual CIO will always make sure that everything is operating at peak efficiency. The idea behind working with a seasoned IT expert is that he can remotely help your organization to grow by making it more efficient. Regardless of what your business needs, a virtual CIO is highly experienced and efficient in analyzing various business models from an IT perspective, ensuring your business is as profitable as required.

For any business to compete in today’s highly digitized marketplace, you need to ensure you are making the right decisions, especially when it comes to information technology. Simply put, you must invest in your business for you to compete, and IT is now a huge part of this. But we already know that staffing a full IT department with an executive CIO can be highly expensive for most companies. Fortunately, there is a simpler and affordable way.


At JAYCO Cloud Computing Solutions, we don’t offer vCIO as a stand-alone service. Instead, we strongly believe that the most feasible option is to integrate it with other Information Technology services (Managed Network Services) such as network performance, support, and ensuring your business operates in a secure environment because these are highly important in providing our customers with both tactical and strategic management (virtual CIO).


Our Virtual CIO offers high-level strategic advice to organizations who value the power of information technology. We hand everything integral to the success of your business, from enterprise security, regulatory compliance, mobile devices to managing day-to-day technology direction, supporting strategic vendor relationships, and providing methods and processes to drive change, among many others.


Don’t wait any longer! Kindly grab this opportunity and give us a call and we would be happy to immediately start a conversation with you regarding your current and future business technology needs.

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