Most companies already have the key C-Suite players in position – CEO, CFO and maybe even a CTO. What about the role of Chief Information Officer? Is it worth it? Many organizations put off hiring for this position until it’s absolutely necessary, but by then it’s often an uphill battle. The fact is, for the digital property management organization, the job of CIO can be of just as much importance as other senior managers. Still not convinced? Here are four reasons you may want to reconsider.
Avoid costly mistakes
In many cases, by the time a CIO comes on board, other executives have already made a number of mistakes that could prove costly to the company over time. For instance, it’s not uncommon for a new CIO to discover that multi-year contracts have been made with vendors who offer the wrong or inefficient technologies. The sooner you invest in adding a CIO to your property management team, the less likely you’ll be to end up in a similar mess.
It’s important to remember that technology implementation isn’t static. In order to remain a top player in the highly competitive field of property management, you need to ensure that your company is leveraging the most up-to-date and relevant tools and technologies available. Part of a CIOs job is to stay abreast of the changing landscape, challenge the status quo and drive growth through disruptive technologies that will further differentiate your company from the rest.
Create a seamless, efficient operation
The CIO is uniquely positioned to have visibility into the “big picture” of how each individual business decision has an impact on the organization as a whole. As such, he or she is capable of creating a highly functional, end-to-end blueprint for the entire company. Oversight from this skilled individual can help ensure that investments are adequately aligned with overall business strategies, goals and priorities. They can also facilitate greater operational efficiency, streamline business processes and leverage business intelligence to drive better, data-driven decisions.
Enhance security on all fronts
Keeping sensitive data secure is important for your property management company as well as for the customers you serve. CIOs play a big role in prioritizing the security of information, sensitive data and infrastructure and taking proactive measures to prevent a breach. This includes working with IT to develop and implement a security policy as well as identifying, recommending and choosing technology to help keep the network and everything contained within it safe from harm.
Could your property management company benefit from the four things listed above? Chances are, the answer is yes. If so, it may be time to expand your C-Suite.
Does your organization have a CIO? What impact has he or she had on the ongoing success of the business? Please share your thoughts and comments below.