As companies strive to develop new ways to reach customers digitally, utilize data more effectively, and harness new technologies, they’re increasingly reaching out to independent talent marketplace for help filling leadership gaps in key digital, data, and IT functions. The Wall Street Journal sat down with Jody Greenstone Miller, Business Talent Group’s co-founder and co-CEO, and other thought leaders to talk about the rising demand for interim chief information officers (CIOs).
The rise of digital transformation plays an integral part.
“There’s no question that the rise of digital transformation, which I think was accelerated by Covid, is a big piece of this,” said Jody Greenstone Miller, Business Talent Group’s co-founder and co-CEO. “If you’re in the market for technology talent, you can’t wait…it’s moving rapidly, it changes quickly,” she said, noting that companies sometimes bring in an executive on an interim basis to handle a single project.
Data from BTG’s 2022 High End Independent Talent Report backs this up. CIOs, CISOs, and CTOs comprise the second largest group of interim leaders sought by companies today. And requests are increasing rapidly, growing 83% year over year.
Interim CIOs have critical experience under their belts.
It’s important to point out that this is not a new phenomenon. “Interim CIOs have been around for decades, often hired on a project-by-project basis by companies with smaller IT teams. Many interim CIOs boast CVs that include years of experience as full-time CIOs at larger companies”, which makes them not only fit to make a big impact via short-term projects, but also to lead and teach internal employees what they need to know to accomplish big picture goals in the long run.