CIO - Essential role
We've finally got rid of the shackles of being an extension to the Finance Dept. where "the guy who was pretty good with spreadsheets" landed a job as the I.T. Dept. Let's not let stupid decisions be made, even with the advent of cloud (which is really nothing more than a distributed data centre!), by another bean counter who sees the pound/dollar as the most important factor.
A CIO is someone that needs technical as well as financial vision and this is where many fail. I have worked my way up through the ranks of I.T. from humble field service engineer to consultant wearing many hats and I always go by the rule, "A man's gotta know his limitations" - I believe someone once said that.
We need CIO's that have an understanding not both hands on the purse strings.