Most businesses spend about 6-8% of revenue on technology-related expenses. I'm quite familiar with this statistic because, as the chief information officer (CIO) here at Meridian, or VP of Technology as I’m officially known, I am constantly involved in both technology and finance.
It's vital I see to it that my company utilizes the best technology that it can:
- afford to purchase, use and maintain
- leverage to improve its ability to pursue its core mission and meet goals
- increase the bottom line and generate revenue
A virtual chief information officer (VCIO), at least ones like we provide here at Meridian for small-to-midsize businesses (SMBs), has the same set of responsibilities. Read on to learn more about the roles and responsibilities of a traditional CIO vs VCIO, as well as how they help businesses create and stick to a predictable technology budget.