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One month and counting…

Exactly one month from today, the Boardroom Events team will be all hands on deck at La Cantera Resort in San Antonio to welcome leading midmarket IT executives and vendors from across the country. We’re ecstatic to welcome CIOs from companies like Marketo, Blue Apron, McKee Foods (makers of Little Debbie), McIlhenny Company (makers of Tabasco), Maersk, T-Mobile Arena, Jackson Hewitt and so many more. 

In keeping with Deloitte’s annual survey of privately held midmarket companies earlier this month that revealed 38% of 500 respondents report their biggest investment in the next 12 months will be on properly securing company data and networks, Information and Data Security far exceeds other technology priorities of the CIOs participating in next month’s Midmarket CIO Forum.

Interestingly, Disaster Recovery and Business Continuity is on the roadmap for implementation or complete replacement in the next 12 months for well over a quarter of these midmarket CIOs, followed closely by Business Intelligence and Analytics solutions, ERP, Artificial Intelligence and support for Governance, Risk and Compliance.

As we continue to develop connections between these incredibly experienced and newly minted IT executives with the ongoing development of a Boardroom Events midmarket community portal, I crunched a few numbers that revealed some interesting figures on the makeup of our network.

About a third of midmarket CIOs in the Boardroom Events community have been in their roles between one and five years. Another third have been in their roles for more than 10 years. Twenty two percent have been in their current roles between five and 10 years, with about 10 percent serving in their current roles have been there for one year or less.

In our team’s regular conversations with these CIOs, it’s interesting how many are more willing to leave their companies and roles to seek greater career challenges. We’re connecting with more and more leaders who are pursuing IT positions where they can turn around organizations that have become stagnant with technology. If you know are a CIO or know of one who’s phenomenal at pushing project success for their midmarket organization, the deadline to nominate them for the Midmarket CIO Award of Excellence is THIS FRIDAY, August 31.

We’re also constantly discussing the reporting structure for CIOs, and we’ve seen a slight drop in the number of CIOs reporting to the CEO or company president down from 48% last year to 43% in 2018, and a slight uptick from 23% in 2017 reporting to the CFO to 25% in 2018. Roughly 10 percent now say they’re reporting to a COO with the remaining executives reporting to a Board of Directors or CTO.

The lineup of carefully screened, peer-recommended vendors is unmatched in their willingness to partner in the midmarket. Stay tuned for more details as the Fall 2018 Midmarket CIO Forum prepares to open…

Cheers,
Charles


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