2B — March 10 - 23, 2017 — New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
N ew J ersey By Jodi Madsen, Integrated Business Systems TheGrowingPopularityofCIOs andVCIOs:What’s it All About?
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and goals from a technology standpoint. In today’s dynamic era of cloud computing, stringent compliance demands and con- stant cybersecurity threats, it is no wonder companies recog- nize the benefit of the CIO role. However for organizations with fewer than 150 employees, hir- ing a CIO may not be realistic. That is where a Virtual CIO comes into play. The vCIO is an outside resource that supplies the broad strategic vision and diverse technological expertise of a high-priced executive, but at a small-business price. Here are some of the advan-
s a small or mid-size commercial real estate company, what does
tages. • Cost control – Outsourcing the CIO role turns fixed costs into variable costs. Businesses pay for the services they are using, instead of supporting a full-time, on-staff executive. • Core focus – The vCIO will handle the big strategic tech questions, while the client’s non-tech management team focuses on what they do best: growing the organization. • Training and experience – The vCIO comes fully trained, certified and experienced. This eliminates any concern about keeping current with the latest technology developments. • Rapid implementation – A vCIO, as part of a managed IT services package – including full computer and network- ing technologies consulting, installation and support – will be ready to “hit the ground run- ning” with new installations and upgrades, where rolling out a new solution developed in house would likely require extensive testing or waiting. • Risk assumption – The vCIO/managed IT services com- bination also will assume many compliance and security risks. This can help avoid some big headaches in a world of tighten- ing regulations and cybersafety monitoring. What to Look for in a vCIO The cost of a vCIO can be cov- ered in two ways. Companies can pay a flat time-based rate or go with a bundle of managed IT services that includes the vCIO. Either way, it will be im- portant to evaluate the provider carefully. Look for: • Longevity – How many years has the provider been in business? • Reputation – Who are the provider’s clients and how do they rate their service? • Relevance – Is the provider certified in the specific technol- ogy you need? • Familiarity – Is the pro- vider experienced in the com- mercial real estate industry and its issues? • Capacity – Does the pro- vider have sufficient resources to support you as you grow? • Flexibility – Can the pro- vider accommodate the peaks and valleys of activity in your business? Hiring an outside IT service provider is a big deal for an SMB, but it can deliver big results. Managed IT services firms deliver great value in continued on page 6B
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your c-suite l o o k l i k e ? Major corpo- rations typi- cally have a lot of “chiefs” – CEO, COO, CFO – along with a vari- ety of invest-
http: www.SEBCOLaundry.com e-mail stevebreitman@sebcolaundry.com
Jodi Madsen
ment, marketing and legal executives. Today many are adding a chief information of- ficer to the list. This position is responsible for charting the corporation’s vision, strategy
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