At two recently-organised conferences to focus on Acer-Intel Smart Workplace Awards, Chief Information Officers of major companies voted cost innovation to be the major factor in the future growth of the Indian economy. With IT modernization becoming the norm, organizations had to bring in the experts to prevent costly mistakes. Enter - the CIO. With technology increasingly being used to reduce costs, increase efficiency and harness productivity the role of the CIO has evolved from that of a support function to being central to key strategic operations. With this evolution comes the question: Can the CIO of today transform into the Cost Innovation Officer of tomorrow? The relevance of this question can be gauged by the fact that increasingly IT prowess lends to a distinct competitive advantage. Industry leaders echo the thought that in a rapidly emerging world, the roles and responsibilities of Chief Information Officer has witnessed a sea change. 

Most successful companies are the ones that deliver the right products and services faster, more efficiently, more securely and more cost effectively than their competitors and the key to that is a practical implementation of enterprise technology to improve business performance. Even government departments have modernized their processes and now require highly experienced IT executives to cut the best deals for their organizations. One of the most famous examples of this was Richard Granger, who joined the UK's National Health Service (NHS) to head up the National Programme for IT; he shook up IT procurement and upset some vendors. Within MindTree, the role of CIO includes providing an atmosphere wherein employees are comfortable and also share its convenience. The work culture at MindTree enables the employees to have physical infrastructure wherein the company provides smart workplace, intellectual infrastructure by providing the employees to come out with new ideas and innovations and lastly emotional infrastructure where the employees can feel at home ambience in the company.

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