In such a volatile commercial world, the role of the CIO continues to evolve and seems to be gaining more responsibility and recognition within business.
This year we conducted a survey considering the responsibilities of the CIO and the results demonstrated the increasing importance of the role, not only in delivering IT enabled change, but in being involved from the very beginning in the strategic decisions all businesses need to take today.
We asked today's CIO what their CEO had made the highest priority for their team.
Coming top in our survey was business transformation and organisational change, with thirty two per cent.
This is very encouraging in that it is not just the IT element of such change that CEO's are asking their CIOs to become involved with.
This level of influence also reflects the impact that technology can have on a business as a whole and the increasing reliance organisations have on the technology team to enable improvement in their productivity.
Improving productivity is going to be the critical success factor for UK companies, and intelligent use of technology is the single most effective way of achieving this.
Technology is now so entrenched into every day working life, CIOs and the IT team should be at the heart of any strong organisation, taking an increasing strategic role.
However, as our survey also shows, for a CIO greater levels of responsibility do not always mean getting the right resources.
Only twenty nine per cent of all CIOs we asked felt they had enough resources to achieve what their CEO had asked their team to do, and yet what they had been asked to do was critical to the success of the organisation.
Being a CIO does not mean you are a miracle worker; you have to have the right budgets and people for a project if you want to get the right results.
This is why the modern CIO should have a seat in every boardroom; helping influence budgets and proving the worth of short-term spend for long-term savings and investment.
Several strong organisations have identified this and we have seen in recent years an increase in CIOs moving to the role of CEO.
A good example is Scott Thompson, new CEO of Yahoo, who once held the CIO position for Barclays Global Investors and originates from a technical background.
He is not alone; Tesco's CEO Philip Clarke used to be the supermarket chain's CIO, making the move to the top position in 2011.