Businesses are always trying to find a balance between efficiency and costs. When small and medium-sized businesses start experiencing rapid growth, the decisions get even tougher. A virtual chief information officer (virtual CIO) can be a great way to get the necessary help while keeping costs in check, but how do you know your business is a good fit?

    Before you get a virtual CIO service, it’s a good idea to evaluate if your business needs one. Here are some good reasons:

    1. Your business is growing fast and you need better planning to keep your infrastructure current.
    2. You are noticing that your projects are stalling due to IT department inefficiencies.
    3. You are looking to grow a particular technology like the cloud or IoT and you don’t have the in-house expertise.
    4. Your business is flatlining and you need strategic thinkers to help you boost growth.

    Here are some businesses that might not be a good fit for virtual CIO services:

    1. The IT infrastructure isn’t the core of your business and it wouldn’t affect your business growth.
    2. Your business is stable and you aren’t expecting any growth opportunities for now. You can still benefit from consulting a virtual CIO service, but you might not need to spend on a regular basis.
    3. You already have a chief technology officer (CTO) who is taking care of strategic planning for your business. Always make sure you are hiring a virtual CIO to complement the CTO position to avoid creating conflicts of interest.

    Be sure to watch for my next blog in this series that describes how to hire a vCIO and the next posts that will dive deeper into the role of a virtual CIO and the benefits it can provide your business.