advertisement

Your Company Is Lost If It Doesn’t Have A Chief Technology Officer As A Board Member In Zimbabwe: Here Is Why

advertisement

This is a Guest Post and does not necessarily reflect the thoughts and opinions of Techzim. We have a strong filtering process of what makes it to our blog and are confident that you’ll enjoy the article below.

Today’s global economy is powered by technology, from insurance, banking, marketing, news, education, health, communication in Zimbabwe it is hard to imagine a modern business that does not rely on technology to serve its customers, transact with partners, and enable employees to work effectively and efficiently.

advertisement

Technology is the prime tool for growing any business and needs someone that gets it right the first time. With these transformations, there is now a need for Zimbabwe’s boardrooms to have a Chief Technology Officer (CTO) or a Chief Information Officer (CIO) as a board member. Modern-day CEOs are looking to take direct control of digital transformation and will need to be working directly with their CTOs or CIOs.

Primarily, CTOs or CIOs feel that most companies have underinvested in Information Technology, with many treating it as another business commodity rather than a business enabler. Attitudes need to evolve, with the CTOs or CIOs driving the change and pushing home the need to invest in the right technology. The role of the CTO’s or CIO’s job is to advise on how technology can help develop a company and achieve growth and enhance how a company stays ahead of the competition. Their role is to help to set and lead the technology strategy of a company in collaboration with the other top and board executives.

advertisement

It is the CTO’s or CIO’s job to show how new technology can help develop an organization and achieve growth. Furthermore, the CTO or CIO needs to be able to make a case for not just buying the cheapest solutions but to buy technology that can address a company’s needs both now and in the future.

World over progressive companies in all industrial sectors have been focusing on how best to leverage technology transformation and unleash the power of big data and data analytics to enhance their business development and to improve their results. With the addition of CTO/CIO to a company’s boards provides an opportunity for executives to fully understand how technology can enhance the performance of their company.

At the speed that Zimbabwean companies are adopting technology at company level, the risk of technology failure has never been more acute. From card cloning, electronic fraud, mobile banking fraud, technological and cybersecurity mishaps have been responsible for a number of recent business catastrophes such as halting the use of point of sale (POS) systems to causing retailers to lose the trust of thousands of its customers and exposing confidential data to political parties.

Oversight of a company ís technology infrastructure traditionally has been considered a back-office management function that can effectively be handled by an information technology officer on the senior management team. Yet the board of directors is responsible for overseeing significant risk management, including technology risk. There is no doubt of the importance of technology for business strategy and operations and this means that all boards in Zimbabwe need to take a more proactive and informed stance on technology governance. However, the biggest challenge with boards in our country is they are not equipped to ask the right questions or make well-informed assessments about the risks and implications of technology issues.

Historically in Zimbabwe CEOs often come from the ranks of Chartered Accountancy (CA) who are financial directors (FD) or from business unit heads. CTOs or CIOs have not traditionally been the breeding ground for future CEOs. As a result, board members are biased against including CTOs or CIOs at board level and this has been caused by the fact that board members do not understand their functions and it is a department that they have once managed.

Through the Institute of Directors (IOD), it has to be compulsory for Zimbabwean companies to have a certain number of qualified technology experts on audit committees to oversee and understand the company’s processes. Given the gravity of technology for the continued success of most businesses some more progressive boards in the USA, Canada, Australia and Europe already have technology committees to carry out this role.

About the Author

Engineer Jacob Kudzayi Mutisi is the Chairman of the ICT Divison of Zimbabwe Institution Engineers and a Member of Institute of Directors (IOD).


Quick NetOne, Telecel, Africom, Econet Airtime Recharge

Zimbabwe

The Republic of Zimbabwe is a country located in the Southern Africa region. Its capital city is :Harare and the country has 10 provinces. Zimbabwe is 390,580 sq km and is bordered on all sides by other countries (Zambia in the north, South Africa in... Read More About Zimbabwe


WhatsApp Discussions

Click to join a Techzim WhatsApp group:
https://chat.whatsapp.com/KRhwl2BHkD4FJNyUtEq3v5

If you find the group full, please notify us on +263 715 071 199 and we'll update the link.


4 thoughts on “Your Company Is Lost If It Doesn’t Have A Chief Technology Officer As A Board Member In Zimbabwe: Here Is Why

  1. Engineer Mutisi I agree with your article. One only has to look at several organisations in this country (Zimbabwe) whose systems are often down (very low availability statistics) to realise that the CIO role is either not there or is undermined. When the information technology is down, revenue is down, yet revenue is the life-blood of the organisation.

    However, even those organisations whose systems are always available often have serious weaknesses that affect the business. For example, an ERP system’s uptime may be high but the organisation employs 30 accountants where they could do with only 5, or 15 HR people where they could do with only 3, or 100 guards where they could do with only 7, etc. Such an organisation will produce management accounts on the 18th of the following month when they could easily produce them on the 2nd of the following month. The same organisation will produce financial statements ready for auditing in month 2 of the following year when that could be done by the 15th day of month 1.

    So one may ask why these organisations do not notice such inadequacies. But, as they say, “you do not know what you do not know”. It is also easy to throw money at an inadequacy and obtain results. The money simply becomes one of the overheads that are not fully understood, but are accepted as the nature of the business. hence, it’s often important to not only have a CTO but to integrate the CTO function properly into the mesh of functions that run the organisation.

  2. I fully agree, It is about time companies starting paying more attention to the tech impact or will fade away.

  3. Most CTO/Engineers in Zimbabwe themselves do not understand what they are doing from my own experience. they are just the face of ICT without much substance behind it

Comments are closed.

%d bloggers like this: