CIO Now Transforms to BIO

IT should not be looked at from only an IT perspective. There is an evolution to the effect that Raju Vegesna, Chairman, Sify Technologies would rather term it BT, or business technology. The reason is simple. His vision is that every initiative that IT drives is useful to the business and hence it is ideal to refer to it as business technology.

Another evolution that he observes happening globally is that the CIO, the chief information officer, should be called a BIO, or Business Intelligent Officer. Rightly so, as in this whole transformation journey, CIOs and their teams are provisioning the business to drive more volumes, service their customers better with the intelligent inputs that IT  teams bring through analytics, thereby helping the business to increase its wallet share from the same customers. CIOs, traditionally, are IT people.

He says, “BIO is more apt a designation because they are no longer the IT people who look into only the architecture, server, storage and other components of IT. The moment they are called BIO, they must enable the business with analytics; the responsibilities are not just confined to typical IT. They have to leverage these technologies to help businesses grow, look at the profitability, budgeting and how businesses are being  empowered. CFOs are depending more on BIOs than ever before. For example, say, a banking organisation in 2.0 environments used web products to sell two products. The new BIO will walk the extra mile and enable business to create revenue streams, ensure higher profits and at the same time, strategize effective cost cutting measures.”

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