Re: Benchmarking with peers
"This is very interesting. Most of the CIO's forget to align their strategies with the company strategies and fall in to trouble. "
@shamika: Just like the path Nadella took was wobbly at first, but now he seems to have picked himself up. CIO's have a risky job to manage, because they must work in tandem with the industry standards while pushing the enterprise to innovation.
"As the CIO has a large number of responsibilities such as provision of finance, recruitment of professionals and development of policy and strategy, the risks are consequently vast. The CIO of U.S company Target was forced into resignation in 2014 after the theft of 40 million credit card details and 70 million customer details by hackers. CIOs carry out a large number of roles and therefore the chance of failure is very high. In this way, any CIO must be knowledgeable about the industry so they can adapt and reduce the chance of error. It is this high risk factor that places the role of Chief Information Officer as one of the highest paid IT/Business jobs."