The business landscape is changing at an ever-increasing pace due to rapid advancements in information technology. For most businesses, it pays to have a talented chief information officer (CIO) on your team, but this can be overly expensive for a small to medium business. One solution to this problem is to hire a virtual CIO.

What virtual CIO means

A virtual CIO (vCIO) operates in the same way as a traditional one, but they’re not employees of your company; therefore, you’re able to collaborate with them when the need arises. With vCIO services, professional IT staff will be able to maintain the operations of your technology and monitor data flow to ensure the security of your network.

A vCIO is not the same as a managed service provider (MSP). A vCIO provides insight that enables you to make accurate business decisions, whereas an MSP only takes care of daily operations for the upkeep of hardware and software.

The benefits of vCIOs

A vCIO imparts many benefits to a company. Here are three of the best examples:

Security

A vCIO can prevent security issues before they occur or become serious, which amounts to proactive security that is invaluable to any company. They are able to make sure software is up to date, control access to hardware systems and close security loopholes with a variety of defensive solutions.

Productivity

By outsourcing your CIO, it offloads the work of an IT department and enables your team to function more on the core business functions of your company.

Growth and profit

With a vCIO, your company will gain insight into technology trends that can improve your business process, which translates into greater efficiency and profit. The vCIO can also spot any flaws in your business model and find ways to utilize IT solutions to increase your company’s productivity and cut costs.