Technology is getting used to the business and we see it more and more in every type of business. And in the meantime, the main role of the chief technology officer (CTO) is to make sure that the technical strategies have macro goals. This does not mean that CTO is always overseeing the work of the IT unit or support team. But that what it is doing is combining existing technology knowledge with new generation technologies. Do it in a way that will have the best impact on the future of a business.
Matt Mead, CTO of SPR Digital Consulting in Chicago, talks about the role of a CTO
I think CTO can act as a glue between the implementation of new technology and product strategy, and make sure that everything fits together well in a business. Something not seen in many companies today
The CTO should manage the company’s current technical solutions. Be aware of new technologies, and work with other senior executives on budgets to implement new technologies. And address existing issues. In addition, CTOs need to think about a company’s future direction, consider the company’s overall goals, and understand how technology can help a company make key decisions.
Not all companies need a CTO, but if you are a startup or your business is dealing with a lot of data and information. CTO can help you perform better. Matt Mead says organizations that are not traditional technology companies but are “data centers for an industry” need a CTO to make sure the technology they want to use is in line with their business goals and not run randomly and unplanned
Technology is getting used to the business, and we see it more and more in every type of business. And in the meantime, the primary role of the chief technology officer (CTO) is to make sure that the technical strategies have macro goals. This does not mean that CTO is constantly overseeing the work of the IT unit or support team, but that what it is doing is combining existing technology knowledge with new generation technologies. Do it in a way that will have the best impact on the future of a business.
Matt Mead, CTO of SPR Digital Consulting in Chicago, talks about the role of a CTO.
CTO can act as a glue between implementing new technology and product strategy and make sure that everything fits together well in a business. Something not seen in many companies today
The CTO should manage the company’s current technical solutions. Be aware of new technologies, and work with other senior executives on budgets. implement new technologies and address existing issues. In addition, CTOs need to think about a company’s future direction, consider the company’s overall goals, and understand how technology can help a company make critical decisions.
Not all companies need a CTO, but if you are a startup or your business is dealing with a lot of data and information. CTO can help you perform better. Matt Mead says organizations that are not traditional technology companies. But are “data centers for an industry” need a CTO to make sure the technology. They want to use is in line with their business goals and not run randomly and unplanned.
General acquaintance with senior managers
Today, organizations can get divided into several sections, and each manager is responsible for each team. For example, you can manage the finance department by a senior financial manager called the CFO. Marketing matters are to his old manager, the CPO. Human resources play a key, and critical role in the organization’s success, and this severe responsibility is delegated to the human resources manager or CHRO. Also, the highest manager in the pack, the CEO, takes over the overall management of the pool. And is accountable to the board. Another group of executives is called the Chief Technology Officer, or CTO, and we will talk about this role in more detail below.
CTO stands for Chief Technology Officer, and its Persian equivalent is Senior Technology Manager. A senior technology manager should be aware of the current state of the company’s technology and prepare plans to expand the sector. A successful CTO must have both business and technology knowledge. Business knowledge helps him align the organization’s goals with the company’s technology decisions. A Chief Technology Officer is responsible for developing, implementing, managing, and evaluating the company’s technology resources.
CTO’s job position is closely related to CIO and CSO. In this way, if the collection is small or does not have enough budget, the Technology chief can perform its duties. In general, a senior technology manager should report to the CEO. Also, keep in mind that CTO is the CEO and usually does not do the programming work. In large organizations, the role of the CTO is vital and is one of the key managers of the collection.
What is the difference between CTO and CIO?
It is best to have both a CTO and a CIO in medium to large organizations with more funding. Both jobs focus on technology development, and both are technology-driven. But what is the difference between them? The critical difference between the Technology chief and CIO is that the CIO usually focuses on internal operations and focuses more on issues outside the organization. The CIO deals mainly with the company’s IT staff as a manager, but CTO focuses on developing technologies that help the organization grow. It even sometimes offers new technologies.
Familiarity with the role of CTO in organizations
The role of CTOs in organizations may vary. Each organization has different responsibilities for CTO depending on its circumstances. The capabilities of a CTO are a combination of technical issues, emotional intelligence, and… But usually, the following are required for a senior technology manager:
- Monitor current technologies and hot topics that can affect the business goals of the organization
- Identify opportunities and risks that threaten the organization
- Participate in the decisions of company managers
- Research and recommendation of standard content management systems
- Research and development management on IT technology and concepts
- Share the company’s technology strategy with managers, partners, investors, and some employees
- , etc.
In a nutshell, CTO describes how you can use technology to drive business success. The Technology chief should also love technology and be aware of new IT developments. Depending on the structure and hierarchy of the organization, CTO may work with the R&D team or the engineering team. The CTO should be well acquainted with the activities of regulatory bodies. For example, if the CTO operates in the United States, it’s best to know how the FDA works, monitors the environment, and so on. Must also be familiar with intellectual property issues such as patents, brand and company registration, commercial contracts, etc.
What is the income of senior technology executives?
In general, the income of a class can not be calculated precisely, and many things such as education, technical knowledge, skills, and other items must be taken into account. Because of this, it is not easy to calculate the income of senior technology executives. In addition, the payment of these managers is directly related to the reputation and scope of activities of the hiring company. For example, the amount that Google offers to its Technology chief is very different from the amount provided by an anonymous company. The area in which CTO operates is also critical. For example, according to statistics published by the InfoSec Institute, CTOs working in the financial field earn an average of $ 200,000 a year. On the other hand, E-commerce activists earn about $ 76,000 a year. Unfortunately, there are no accurate statistics on the income of senior technology managers in Iran.
Conclusion
Level C managers are the highest level of managers in a group, and the letter C stands for Chief. One of these senior executives is in the technology department, CTO. CTO must use technology in line with the organization’s goals. Note that CTO is not solely responsible for managing the IT team. This person should have a bigger perspective and make the best decision for the organization in different areas of technology. CTO represents the technology department of an organization. CTO and other senior executives work in large organizations with a large workforce, and a small business such as five people does not need a CTO.
This article examined who the CTO is and what its functions are. We are happy to share your knowledge and information in this regard with other users and us.