Final answer:
The role of the Chief Information Officer (CIO) has evolved to become more strategic and integrated into the business operations, adapting to changes in organizational structures and the central role of technology in business success.
Step-by-step explanation:
The role of the Chief Information Officer (CIO) has changed dramatically, becoming more integrated into the overall strategic direction of the firm. Historically, CIOs focused primarily on the technical aspects of IT management. However, as technology has become more central to the operation and growth of businesses, the responsibilities of the CIO have expanded. They are now key participants in determining company strategy and facilitating the use of technology to achieve broader business goals. Furthermore, the trend towards flattened organizational structures emphasizes teamwork and collaboration, requiring the CIO to be involved in various aspects of the business, far beyond the traditional IT domain. This shift is further evidenced by the outsourcing of jobs and restructuring within companies, driving the need for CIOs to contribute to operational efficiency and competitive advantage.