The Chief Information Officer (CIO) has become as important as the CEO. It’s a pivotal position that often can make or break the success of a corporation. As criminal hackers have launched various campaigns against numerous organizations, the CIO has become much more than an information officer. They are the guardian of corporate secrets, instrument of progress and the pulse of all communications and connectivity.
Securitymanagement.com recently reported the global cybersecurity market is expected to reach $120.1 billion by 2017. This is nearly twice its current size of $63.7 billion, according to a report by MarketsandMarkets, a Dallas-based research and consulting firm. The increase would represent an annual compound growth rate of 11.3 percent from 2012 to 2017.
Cyberspace is becoming an ever-important part of people’s lives. It’s also powered by a gamut of devices and applications that have made it vulnerable to threats from people and groups including students, spies, hackers, propagandists, and terrorists. Cybersecurity is also becoming an important aspect of the military realm. This has helped make battles “fought in cyberspace as imperative as battles occurring on the ground.”
As a result, as reported by CIO magazine,“the IT leader will still be the nucleus of any company, working closely with business executives and strategizing about future technology directions, leading a staff of highly trained professionals and championing streamlined technical operations. The position will still require a mix of analytical foresight and management prowess over the next decade.”
Going forward the role of the CIO will be critical not only to the organization, but to the public who does business with it and the governments who rely on it.