Small and midsize companies don't need to go without critical senior strategic technology leadership. Fractional CIOs from Faros Consulting can help your organization get the full-service strategic technology leadership you need on a part-time basis.
Faros Consulting also offers Interim CIO services to help you bridge the gap after a senior technology leader leaves the organization. Don't let your key initiatives falter because your leader left. We can help.
2. What is a
Fractional
CIO?
A CIO (or Chief Information Officer) is typically the
senior executive responsible providing strategic
technology leadership to the organization. The
CIO, who is both a business leader and a
technologist, works closely with other senior
executives to define the overall business strategy
and select technology solutions that will help the
business achieve its goals.
While most large organizations need a full-time
CIO to ensure the business takes full advantage
of their technology investments, small and mid-
sized companies often can’t afford a full-time CIO.
A fractional CIO gives these small to mid-sized
businesses all the benefits of a strategic IT leader
but on a part-time basis.
3. Why hire a
Fractional
CIO?
As your business grows, you will be making
increasingly complex technology decisions.
Even if you have a small IT team, most of the
time, they are tactically focused, primarily
making sure your computers stay operational.
A CIO brings both the technical know-how and
the business savvy to ensure that technology
investments will not only serve the organization
now but will be able to scale well as your
company grows.
The fractional CIO can serve as your
technology team leader, giving your full-time IT
staff guidance and direction, helping them be
more efficient and effective.
Finally, a CIO can help with key strategic
initiatives, from vendor selection, ensuring that
your company’s interests are represented in
contract negotiations, to overseeing the project
to its successful completion.
4. Fractional
CIO Areas
of
Expertise
Strategic Planning
Key Strategic Initiative leadership
Technology Roadmaps
Business Process Improvement, Re-engineering
and Transformation
Merger and Acquisition support
Vendor selection, contract negotiation, project
implementation
Cost control/ Financial planning
Cyber Security and IT Governance
Technology People, Process and Platforms
Evaluation
5. What is an
Interim
CIO and
why do I
need one?
Having a vacancy in the CIO seat can leave an
organization with a major technology gap that can
threaten key initiatives that may be underway and
reduce the overall effectiveness of the IT team.
Finding and hiring a new CIO should not be
something to be rushed. You want to find the right
person who will be able to not only do the job but fit
well with your company culture and long term
strategic goals. A typical CIO search can take 6-9
months.
An Interim CIO can be engaged to help bridge the
gap and ensure that in-flight projects remain on
target. They can also help ensure that IT operations
remain smooth running.
An Interim CIO can even help you interview and
select your next CIO. They can also help transition
leadership to the new leader and ensure that they
get up to speed as quickly as possible.
6. How Do I
engage a
fractional
or interim
Cio?
With an average of over 20+ years of
technology and business leadership, our
experienced CIOs are ready to support
your company needs whether on a part-
time Fractional CIO basis or in an
interim role ensure a seamless
technology leadership transition.
For more information, contact us by
email at info@farosgroup.net, on our
website at www.farosgroup.net or by
phone at
704-931-8199