CIO Role Becomes More Demanding
CIOs must excel at strategy and operations. CIOs believe setting strategy, innovation and finding new ways to exploit information will become a more important part of their role. They're right, but CEOs and CFOs also expect them to succeed at building high-performing IT organizations, completing projects successfully and working well with other functions. That means CIOs must be masters of strategy and operations management. Since CIOs who can do it all are hard to find, companies will continue to increase CIO compensation, particularly bonuses. Total compensation rose 12.4 percent from 2006 to 2007 and is unlikely to drop even if the economy sours.
Next page: IT's Metamorphosis Continues