The document discusses the evolving role of the Chief Information Officer (CIO). It suggests that the traditional CIO role of managing IT is obsolete and the role should transition to a "Chaos and Innovation Officer" focused on strategy, people, processes, technology management, service management, circulation management, and value management. An effective CIO understands business, is politically aware, acts as a business leader and co-creator, and drives innovation rather than just managing information or acting as an IT manager.