Assist with the recruitment, retention, acquisition and sales efforts of the company. At this point, the opportunity cost of not getting additional help is clearly getting too high and it would be time to consider adding to the existing skills base. This article aims to help you assess at what stage your business may need a CTO – if at all – and if not, which roles you should be filling instead and why. Perhaps you’ve built the first version or MVP of an application or platform with a sweat equity team or via outsourced developers and things are going well. Gerry Martin-Flickinger, CTO of Starbucks, has a BS in Computer Science and over 25 years of experience as a CIO and a Senior Vice President of Technology.
The CTO will recommend and implement the technical strategy roadmap that will align with company business goals and objectives in support of continuing growth. The CTO will also need to see their role through the lens of the business, while driving innovative technologies that will enhance the company’s products and services and create a sustainable competitive advantage for the Company. He/she will design, build, operate, and provide support for all University-wide systems and the IT infrastructure that supports school, division, and department specific applications. Collaborates with all departments of IT Services and the academic, research and administrative leadership across the University in the development and implementation of enterprise-wide IT strategy. Identifies changes and trends in technology and communicates impacts and consequences to the leaders in the University.
Leads the effectiveness assessment of IT services and service delivery to key partners and stakeholders of IT. Solid understanding of current application development tools and practices and with operating systems. Develop a differentiated approach to data ingestion and analysis that gives a competitive advantage and speed, including the application of sophisticated data science techniques. We are looking for an enthusiastic teammate with a technical background, but with a bias for commercial execution.
CTOs must be able to push themselves beyond their comfort zones to support multiple workflows and continue to pursue emerging and advancing technologies at all times. Portfolio management experience, including experience collaborating with a PMO and other IT Leaders to establish, implement, and maintain a robust resource management process. Financial and operational management experience, particularly for a complex, central service provider that supports a highly decentralized and diverse portfolio. IT Services is an integral part of the University of Chicago, committed to service delivery and support of the university mission through innovative uses of technology. You may need to use or oversee equipment’s and tools for assembling or manufacturing prototypes, products and services.
Additionally, top executives earned an average salary of $179,520 in 2021, which can also make this high-tier career path more appealing to students. Speaking specifically to chief technology officers, according to Salary.com, the median salary is $293,562, an increase of over $100,000 in the past few years and an annual wage that’s higher than average for most occupations. CTOs may also handle customer experience, support, engagement and front-end content delivery. CTOs are more concerned with developing new technology to improve revenue and sales opportunities and extending the company brand than day-to-day operations.
Last but not least, they must be effective communicators and team leaders. We are looking for a creative technical leader who has working experience with preferably construction or mechanical industry in product and services for sustainable urban infrastructure planning and development. 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. The chief technology officer is the individual within an organization who oversees the current technology and creates relevant policy. A CTO should have the business knowledge necessary to align technology-related decisions with the organization’s goals.
Hiring Cto Chief Technology Officer Job Description
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. In addition to fixing IT-related issues, the CTO is responsible for developing, implementing, managing and evaluating the company’s technology resources. The goal of a CTO is to examine short- and long-term needs while using capital to make investments that aid the organization in reaching its goals. This Chief Technology Officer job description template is optimized for posting to online job boards or careers pages. Customize it with key duties and responsibilities for your company. The job title of chief technology officer has expanded and dilated to the point that someone who was ideal for the role five years ago might not have the necessary skills to succeed now.
CTOs play an important role in the C-suite along with other types of executives.
With its clear major impact on the average person’s day-to-day operations, the advancement of technology has become an essential and effective part of any workplace as well. Many businesses experience a need for a general overseer who can utilize business and technology skills in concurrence with the knowledge to make decisions from a technical perspective. The role of chief technology officer has changed even over the past few years, especially as the pandemic forced many workplaces to adjust to remote employees and virtual collaboration. Understanding how this job has evolved is necessary to ensure you are developing the right skills and accumulating the proper knowledge to succeed.
Reporting to the COO, this position will be a driving force for the strategy, development, and delivery of current and new software products through leading a team of managers, architects, developers, and testers. You must be a proven leader with a passion for building high-quality software solutions. We are seeking someone who can implement the best practices and processes necessary for us to continue to build the most efficient and high performing systems that enable us to provide industry-leading solutions for our clients.
A CIO looks internally to enhance the IT and technological infrastructure of an organization while the CTO aims to enhance the external functionality of a company through tech, such as building customer experience and reaching sales goals. Tech professionals who want to become chief technology officers must have the skills and knowledge to oversee product development while managing other technological tasks. Understanding technology, cyber security, coding and other immediate knowledge related to the digital world is critical.
Remember to keep relevant, continue learning and always love what you do. Being able to transform with technology and help organizations evolve and embrace change will help you stand out from the crowd. Because most CTOs have years of experience, continuing your education while you work in the tech field will help you maintain your abilities while developing new ones pertinent to the changing world. Because the scope of the role is so diverse depending on the business or organization, a day in the life of a chief technology officer is likely to never be repetitive. In general, the CTO should serve as the face of the company in terms of new technology and digital solution implementation, constantly thinking about using tech to make informed business decisions.
Although a CTO may address some of these issues, the cost is prohibitive and one person may not provide the right balance of strategic and hands-on practical expertise the business needs. A common misconception is that a CTO is the company’s lead developer. Leaders should constantly find ways to mentor their peers and those who report directly to them.
Chief Technology Officer Cto Duties & Responsibilities 2
While there are no specific certifications geared to CTOs, individuals seeking a CTO role should also pursue certifications in areas such as project management, development, programming or database administration. CTOs play an important role in the C-suite, as they are often in positions that enable them to embrace newer and innovative technologies and help steer organizations toward better efficiency and performance by adopting new tools. As the viability of the business becomes more certain and in order to move to the next phase, you may consider broadening the internal skills base by hiring an experienced CTO.
- 41% reported digital transformation as their top strategic priority; many also reported that this was one of the roles much needed when transforming talent to match the role of CTO.
- As the CTO, you will oversee all technology and technological resources, establish the technology vision, strategies, and growth plans.
- The CTO position often overlaps with other jobs, in particular, that of the chief information officer or chief science officer.
- However as the business continues to grow, you get bogged down with too many administrative tasks or trying to keep up to date with the latest technology, leaving little time to focus on the big picture and the future development of the business.
- If you’d like to accelerate your digital transformation with application development, analytics, or natural language processing, we’d love to hear from you.
We are seeking a highly-skilled CTO with a storied history in the technological sector. CTO’s are tasked with making executive technology decisions on behalf of the company, including managing a technology budget and making investments to align the company with its vision for its technological needs. You should be a strategic thinker, an effective communicator, and an expert in technological development. In midsize to large companies with higher executive budgets, the C-level may include a CIO and a CTO. Both positions focus on the engineering, implementation, development and management of technology. However, the key difference is that the CIO role typically involves internal operations, while the CTO role focuses on external processes.
Chief Technology Officer Cto Requirements & Skills 9
Infrastructure manager CTO roles also implement their organization’s technical strategy and technological road maps. The CTO position often overlaps with other jobs, in particular, that of the chief information officer or chief https://globalcloudteam.com/ science officer. Depending on the company’s size and focus, it may have some or all of these positions. In some environments, the CTO might oversee infrastructure or act as a strategic planner or customer relations liaison.
So, When Does Your Company Need A Cto?
If you’re ready to prepare for a career as a chief technology officer, download a free brochure or speak to an enrollment advisor about the online Master of Science in Management Information Systems program today. Building relationships within the organization, as well as with partners and customers. Experience designing, implementing and supporting shared services initiatives in an enterprise- wide environment preferred. Operations experience, including capacity planning and forecasting, risk management, incident response and recovery, and business continuity, required. Experience planning and implementing large-scale IT projects and meaningful experience with higher education research, academic and administrative activities. Produce Technical advancements that would satisfy the company’s business goals.
Chief Technology Officer Cto Job Summary 5
If you are a technology visionary with expertise in technological development who executes that vision, we want to hear from you! Working directly with the CEO, you will act as both a technology and business expert, making decisions impacting current and future operations. As the CTO, you will oversee all technology and technological resources, establish the technology vision, strategies, and growth plans.
Advanced technological skillset and a demonstrated history with technology. A remote wipe is a vital security tool as mobile devices chief technology officer roles and responsibilities become more common in the workplace. CTOs must make numerous business decisions relating to the type of CTO they become.
In this case, it may be better to consider working with a reputable technology partner – who has extensive experience in creating complex IT projects from planning to launch because they’ve been owners and founders of startups themselves. They have faced the exact same challenges, made mistakes and learned lessons, which would prove invaluable to any business in the software development industry. What the business really needs is more hands on deck to allow the founder more freedom to focus on the overall development of the business. Consider a simple use-case analysis of the day-to-day to determine your needs. While the founder is likely the public face of the company, they may need expert advice on leadership strategies and technology tools to take the startup to the next level.
You will be leading teams from innovative tech development to service projects. Develop a global innovation strategy that leverages external technical partnerships. Identify, negotiate, and develop strategic technical partnerships to support business priorities and objectives. CTOs, on the other hand, preside over the overarching technology infrastructure.
At REEA Global – our global team offers a full service including software development, analytics, and data transformation from concept to launch. Our large team provides instant scalability and all of us have launched products, started and sold companies of our own. Where you start your path to becoming a CTO can be important but isn’t necessarily critical. Some start as consultants and managers and then continue to show ambition, innovation and drive to become leaders within their roles and industries.
In fact, many CTOs in today’s organizations don’t think they have the ability to find a successor who can take on the job. All CTOs must have excellent written and verbal communication skills to properly translate business and technical information to colleagues and partners. Being able to communicate effectively through different mediums and contexts is also essential, for example, to customers and other stakeholders via social media, phone and video conferencing, messaging, email and more.
Managing and encouraging the research and development of new IT and digital devices used in the workplace. Meeting and educating staff on all technological standards and compliance regulations. Experience with internal and external IT data centers and a complex 24/7 operation required. Prior experience collaborating with other R1 institutions, National Labs, Federal Agencies such as NSF and NCI, and other higher education forums, preferred. Energy, tact, conviction, flexibility, and excellent communication skills plus the other intangible attributes necessary to succeed in a complex, fast-moving, top-tier University.
However as the business continues to grow, you get bogged down with too many administrative tasks or trying to keep up to date with the latest technology, leaving little time to focus on the big picture and the future development of the business. The business may also be held back by the lack of skills or experience of the sweat equity team members. The CTO is the highest technology executive position within a company and leads the technology and engineering department. In this role, they are responsible for hiring at least engineering management, if not the entire team.