The role of the chief information officer (CIO) is undergoing a fundamental shift as technology becomes a direct driver of business growth, profitability, and resilience, according to a White Paper by Nearshore IT services provider Softtek. The technology budget is also becoming a finance issue: CFOs oversee technology budgets at 72% of organizations and are directly involved in technology purchasing decisions at 41%. The CIO is therefore moving up the corporate ladder—from managing technology infrastructure to helping shape capital allocation, strategic priorities, and, ultimately, the economic model of the business.