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ToggleWhat Is a vCIO?
A Virtual Chief Information Officer, or vCIO, is a person who collaborates with companies and provides strategic consulting services and cost analysis regarding their technology strategy as a third party, as opposed to an in-house CIO. Most vCIOs are hired through a reputable IT consulting service firm. vCIOs assist companies in developing the blueprint for the firm’s IT strategic plan at an affordable cost. In recent years, many SMBs have realized that digital transformation is a necessary step for their company to remain competitive in the market but have budgetary concessions. This is where Managed Service Providers (MSP) can provide effective and affordable vCIO for implementing and maintaining IT solutions for small and medium businesses.Does My Business Need a vCIO?
Regardless of what your business does, you use technology to manage everyday business operations. Every business has some sort of IT support, ranging from:- Frantically phoning an old friend when in need
- Do it yourself… maybe not well, but it gets done
- Your employee that “wears many hats”
- Your internal team
- You outsource some aspects or all your IT services
- Interim – Services to fill the gap while you search for a replacement
- Functional – Recurring time per week, month, or quarter
- Projects – Purposeful point-in-time service to deliver a strategic need
What Does a vCIO Do?
A vCIO will remotely oversee the technology needs of a company and provides budget-friendly leadership. In addition, they provide the following services:- Technology Administration
- Cybersecurity Support
- Customized Strategic Initiatives
- Vendor Relationship Management
- Utilization Oversight & Evaluation
- Operational Insights & Improvements
- Compliance Management
- Reporting & Review
- Scalable Growth
10 Ways a Virtual CIO Can Provide Value:
- Ensure tech systems and procedures lead to outcomes in line with business goals.
- Monitor changes or advancements in technology to discover ways the company can gain competitive advantage.
- Analyze the costs, value and risks of information technology to advise management and suggest actions.
- Set objectives and strategies for the IT department.
- Establish IT policies, strategies, and standards. Including information risk management.
- Select and implement suitable technology to streamline all internal operations and help optimize their strategic benefits.
- Approve vendor negotiations and IT architecture.
- Develop and approve technology futures and budgets.
- Oversee the technological infrastructure (networks and computer systems) in the organization to ensure optimal performance.
- Direct and organize IT-related projects.
What Are the Key Advantages of a vCIO?
1.Proactive Guidance and Expertise A good vCIO will work with you to understand your business goals and objectives, and then recommend the most effective technology solutions to help you achieve them. They can also provide invaluable support when it comes to planning and executing IT projects, ensuring that everything goes smoothly and on schedule. Having a vCIO can help prevent your business from becoming overwhelmed by its technology, and can ensure that you’re getting the most out of your technical investments. Another benefit of having a vCIO is that they act as a single point of contact for all technology issues within your company. This means that you don’t have to waste time dealing with multiple vendors or tracking down the right person to help solve a problem. 2. Technical Reporting A vCIO can help your organization with technical reporting. This involves compiling data and findings from various teams within the organization and presenting it in a way that is easy to understand for non-technical stakeholders. A vCIO will identify key performance indicators (KPIs) and present progress against them in a way that is relevant to your business. This type of reporting is essential for understanding how your organization’s technology investments are contributing to overall business goals. It also helps to identify areas where further improvement or investment is required. The vCIO should be able to provide you with weekly, monthly, or quarterly reports on the following:- Progress of your overall digital transformation
- Compliance needs and updates
- IT project updates and expenditures
- Technology support metrics and satisfaction scores
- Any completed or in-flight projects
- The health of the relationship and partnership alignment
- Save the cost of hiring and retaining hard-to-find, expensive talent
- Optimize the costs of your current IT environment
- Keep your business secure – most SMBs wildly underestimate the cost of a data breach
- Intellectual property protection
- Cloud services
- Disaster recovery
- Security posture
- Employee onboarding
- Cybersecurity training
How to Choose a vCIO?
When choosing a vCIO it is important to understand that the role of a vCIO can vary significantly between managed service providers. Many MSPs offer vCIO services, but the quality of support they provide can create complications for a business looking for comprehensive support. When vetting a vCIO, make sure that the MSP can provide more than an inflated sales rep that will try to upsell you on more services. Make sure that your relationship with your vCIO provides the benefits you need to grow your business and that they have expertise in your industry. A few questions you should know before signing a contract:- Do they have a deep understanding of how to run a successful IT department?
- Can they articulate a strategic vision and direction for your company’s IT operations?
- Do they have extensive experience working with and managing various types of technology solutions?
- Do they understand your specific business model, unique use cases and follow industry best practices?
How Much Does a Virtual CIO Cost?
It is unlikely that small to medium size businesses can afford a full-time CIO because they are very expensive. According to Salary.com, the average Chief Information Technology Officer salary in Chicago, IL is $316,504, but can range anywhere between $212,210 and $446,162. These figures do not include overhead on top of compensation in the form of benefits, bonuses and profit sharing.
Why Choose PSM?
Aside from quick, convenient, and scalable services to network resources, applications, and IT services, PSM Partners vCIO services also offers technological insights that are specifically tailored to fit your business goals and objectives. Our vCIOs are award-winning professional consultants with extensive experience in IT management, cybersecurity, cloud infrastructure and management, and diverse IT ecosystems. Our approach starts with understanding your business strategy and key objectives. Through that understanding, PSM’s CIOs can align your technology to those objectives, driving business growth and supporting the organization. Our team can produce short and long-term technology roadmaps, along with providing the needed leadership to execute that delivery for your organization. Our vCIOs excel at proactively assessing the everyday business operations and providing recommendations to ensure maximum productivity. Dependable and scalable IT is essential for the success of the business. Ready to get started? Contact us!Related Insights
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Read MoreAbout the Author

Kayley O'Connell
Kayley O’Connell is a seasoned marketing leader with a passion for connecting people with the right technology solutions. As Senior Marketing Manager at PSM Partners, she drives brand strategy, demand generation, and go-to-market execution across IT services, cloud, security, and staffing. Kayley built PSM’s marketing engine from the ground up and continues to scale its impact through data-driven campaigns, creative storytelling, and strong cross-functional alignment.