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The CTO makes all executive decisions with regard to the technological interests of a company. They are responsible for outlining the company’s technological vision, implementing technology strategies, and ensuring that the technological resources are aligned with the company’s business needs. A Chief Technical Officer helps bridge the gap between C-level executive decision-making and technical knowledge of the product, systems, and architecture. In order to do this, CTOs need to adopt many different personas within an organization—to the business, you’re the tech guy, and to the technology team, you’re the business guy.
- As chief technology officer of Launchpad, a green energy corporate accelerator, Marta Jasinska is a “CTO of CTOs”.
- A CTO or Chief Technical Officer is one of the key figures within a modern company, especially when it comes to digital transformation.
- Chief Technology Officers primarily influence crucial judgments in a tech-oriented industry, even though a Chief Executive Officer may take on the slightly higher decisions that are important for a firm.
- Coming out from behind the keyboard requires parking some of the technical skills, or at least placing them on an equal footing with the leadership and management skills you will need to become an effective tech leader.
- A CTO should be aware of new and existing technologies to guide the company’s future endeavors.
- Just like any other management position, the ability to be understood and to communicate with different people will be essential.
- The ability to delegate is indeed one of the core leadership skills, required to create sufficient headspace and avoid that sinking feeling of trying to cope with too much, too often.
This comprises the communications between customers, clients, and staff members. Oversees technology operations and projects to make sure they stay within budget and meet goals. Harvey Nash’s Haake says CTOs are still technologists first and everything else second. The CTOs she places tend to have taken an engineering-led route to the top.
The State of B2B Digital Event Experience 2023 EU and UK
The CTO is also responsible for managing the company’s budget and ensuring that all projects are completed on time and within budget. Artificial Intelligence is currently one of the biggest trends in marketing, with the prominence of tools like ChatGPT making its appeal more mainstream and accessible. We’ve created this report, especially for marketers to introduce them to the concept of AI-driven growth. For a deep dive into the hottest trends and insights relating to martech and marketing in the Asia Pacific region. This report looks at the current state of B2B digital event experience, highlighting the continuing role of virtual events in B2B marketing. Plus, as CTOs gain business acumen, they may even evolve into tomorrow’s CEOs, or ‘Chief Innovation Officers’.
Chief Technology Officers and the technology team are increasingly expected (and if they’re a half-decent team then they should be demanding) to speak directly with customers and liaising with their own technical teams. As mentioned, they have to master a range of softer skills that is often primarily focused with around bridging the gap between technical and the non-technical, between the tech team and the market. The dilemma is that the CTO is a position that falls somewhere between technical execution, operational management, and executive representation. When an idea for a business has blossomed, the CTO acts as a practical engineer, validating the technical feasibility of the business plan. The CTO is sometimes a co-founder and must be prepared to build the digital product architecture often without third-party help. In some companies, the technical aspect is a large part of the role.
Understanding Business
Today, with some 150 employees and more than 30 engineers, Le Calvez focuses on company and tech strategy and people management. Add chief technology officer to one of your lists below, or create a new one. The city’s chief technology officer hopes to get new computer systems into all city schools by next year. Its chief technology officer said that the company had noticed the fault while designing a new model. Yes, a CIO is a high-ranking executive responsible for managing and successfully implementing a company’s information and computer technology systems.
This means attending conferences to not only learn more about important technology news, but also to represent the company’s technology initiatives within a certain market. Mead said that he attends conferences and seminars, and speaks to the media to represent SPR’s technology and business goals. The role of the chief technology officer encompasses far more than IT management. CTOs may also handle customer experience, support, engagement and front-end content delivery.
Chief Technology Officer Job Responsibilities and Duties
The larger the business, the more management levels there are between a CTO and employees executing practical tech-related tasks. Product management – Technology https://globalcloudteam.com/ and product often go hand-in-hand in the tech space. A top CTO should understand the product life-cycle and how to build new products and maintain existing ones.
Nowadays, the CTO has become more focused on strategy, as every company attempts to achieve digital transformation. However the role of the CTO, while present in the executive team at many companies, can vary wildly. This means, even with a fixed job description within a specific organisation, the key priorities of the role can be constantly changing. You will work directly under the CEO and will act as both a technology and business expert, making decisions that will impact the current and future operations of the company.
CTO salary
Additionally, the CTO will have a close relationship with the CEO and other members of the company’s senior management. The most important skills for this, Vocetka believes, are “soft skills” — things like “empathy, communication, trying to listen and understand what people need… and ensure that all parties at the table understand each other”. He thinks these are more important roles of a cto for a chief technology officer than the technical skills. Just like any other management position, the ability to be understood and to communicate with different people will be essential. The answer is not entirely defined, and will depend on the size of the company. The concept of CTO emerged in the 80s and was established during the boom the dot-com companies in the 90s.
There are typically four different kinds of CTOs, whose main duties may differ. Timothy Li is a consultant, accountant, and finance manager with an MBA from USC and over 15 years of corporate finance experience. Timothy has helped provide CEOs and CFOs with deep-dive analytics, providing beautiful stories behind the numbers, graphs, and financial models. We offer a full range of hiring and recruiting solutions for every step in the process.
CTO Job Description
According to a 2018 report from the InfoSec Institute, CTOs in the financial sector earn around $200,000, while e-commerce CTOs earn around $76,000. ZipRecruiter makes no representation as to whether the template above accurately describes the employer’s job posting. Please review our Terms of Use and Job Posting Rules for further information. The activity of the CTO will be very attached to the realization of specific projects.
