Everyone enrolled is a professional who brings lots of experience to the table. Of all CEOs assert that technology is key to driving product and service innovation. Determining when a company’s systems and technology need to be updated. This all led to the creation of the position of Chief Technology Officer by large companies in the late 1980s with the growth of the information technology industry and computer companies.
A Chief Technology Officer is accountable for managing infotech necessities and other roles that include research and development activities, strategic planning, customer relations liaison, and overseer of infrastructure. To become a Chief Technology officer with at least 15 years of experience in the IT industry and an academic prerequisite with computer sciences and business management certifications. In midsize to large companies with higher executive budgets, the C-level may include a CIO and a CTO.
To save time, attract qualified candidates and hire the best employees. She holds a bachelor’s and master’s degrees in mechanical engineering from MIT, where she completed her master’s thesis work at the MIT Media Lab. Find out how different WGU is about personalizing and supporting your education. The CTO is a fairly solitary role and as we have discussed a CTO has to wear many hats. Therefore, it is important to create an Office of the CTO so they can delegate some of their strategic thinking to enable greater bandwidth.
CTOs must have a solid foundation of high-level technical, financial, organizational, and leadership experience. The chief technology officer is the senior executive who focuses on the technological requirements, opportunities, and challenges within an organization. The CTO role has emerged as a key player in the enterprise C-suite, especially with digital transformation being such a high strategic priority for so many organizations.
The point is that the role of CTO, while a mainstay of the executive team at many sizeable companies, is different everywhere you look. Even in its most common form — chief technology officer — the title can come with powers and responsibilities that vary widely from company to company. And however the job description is written, the key priorities of the role seem to be in constant flux. A chief technology officer is the executive in charge of an organization’s technological needs as well as its research and development (R&D). Also known as a chief technical officer, this individual examines the short- and long-term needs of an organization and utilizes capital to make investments designed to help the organization reach its objectives. The CTO usually reports directly to a company’s chief information officer , but may also report to the chief executive officer of the firm.
CTOs, on the other hand, preside over the overarching technology infrastructure. This includes developing marketable technology, suggesting new technologies to implement, interacting with external buyers and budgeting. Leadership and team management skills are needed for CTOs who oversee managers and teams.
Originally a chief information officer previously performed dual roles as CIO and chief technology officer . However, as technology continued to advance, there was a growing need to separate the CIO job into two roles to ensure a company’s success. As technological transformation drives changes in business models across industries, technology leaders need to shift their way of thinking. The Berkeley Chief Technology Officer Program is designed for professionals with experience in the technology function who want to step into senior management roles. It offers a unique blend of theory, practical applications, and interactions with industry experts to deliver the hands-on experience and skills necessary to make that transition.
The CIO can be seen as the ultimate cheerleader for all in-house technology and digital processes. IT traditionally has a nebulous reputation with other business units – so it is the role of the CIO to improve the image and reputation of IT services within the company. Short for chief information officer, the overall role of the CIO is ensuring business processes run efficiently, with a goal of promoting the productivity of individual employees and business units as a whole.
An area that I’ve known to cause significant conflict is when dealing with sales team deadlines, often driven by challenging targets and attached bonuses. It’s not uncommon that they make promises to clients that are unattainable or put a significant strain on the technology team and other tasks. Another common area that gets blamed on the technology team and the CTO is missed deadlines, even though they happen for a myriad of other reasons. It’s wrong to categorize any CEO as typical because they are by their nature supremely individual, but you’ll often find that they are very creative, and visionary but often unrealistic.
This program was designed in collaboration with national intelligence organizations and IT industry leaders, ensuring you’ll learn emerging technologies and best practices in security governance. During the 2008 presidential campaign, Senator Barack Obama stated that he would appoint the first federal chief technology officer if elected to the presidency. Aneesh chief technology officer cto Chopra was named by President Obama as the nation’s first CTO in April 2009, and confirmed by the Senate on August 7, 2009. Chopra resigned effective February 8, 2012, and was succeeded by Todd Park, formerly the CTO of the Department of Health and Human Services. After leaving the role vacant for two years, President Trump named Michael Kratsios as U.S.
Depending on the company, a CTO may play one of several roles, including strategic planner, customer relations liaison, and overseer of infrastructure. You need to set aside some time to understand the latest trends in technology and be able to drill down and see the wood for the trees. This enables you to make an educated selection and decision on whether to incorporate new technologies, rather than jumping on a headline or bandwagon. An average day for the CTO can involve interactions with many of the other departments and executives. Alongside this, you need to create sufficient slack to deal with the curve balls that often emerge, particularly with early-stage companies. 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.
That means CTOs are likely spending a lot of time working in collaboration with others. Infrastructure Overseer looks into the company’s security, maintenance, and implementation of policies. Strategic Planner’s role is to manage and oversee the development and implementation of strategy for the prosperity of the company. Consumer Liaison is related to clientele satisfaction with the IT products delivered to them. The thinker is the planer of the concern who establishes planning tools relating to the target consumer’s crucial fundamentals of the products and services.
They have to create space to learn and predict market developments and absorb input from team members. 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. Most CTOs undergo training throughout their careers in IT departments, and they might also earn certifications in development, programming, database administration, or other related fields. When a company doesn’t have a CIO, the CTO determines the overall technology strategy and presents it to top executives, according to the BLS. The salary range may differ from year to year as this position is full of opportunities.
As the job description changes, we might see CTOs emerge from fields outside of traditional IT, such as R&D, data science or sales. In any case, versatility and flexibility will be key intangible attributes, because the role of CTO continues to evolve just as fast as technology itself. The prototypical CTO had a technology engineering background and battle-hardened experience in the trenches of various IT implementations. But I predict that the skill set of future CTOs will be somewhat different. While a company’s technical visionary certainly needs to have a grasp on what makes technology tick, tomorrow’s CTO is likely to be less hands on and more theoretical.
The U.S. CTO helps the President and their team harness the power of data, innovation and technology on behalf of the American people. The chief technology officer ensures that current applications, hardware, and processes support the organization’s goals and employees. CTO is one of the highest-ranking IT positions in a typical corporate hierarchy, and professionals who want to know how to become a CTO should be ready for a lifetime of learning.
The responsibilities and day-to-day functions of the CTO and CIO might overlap depending on the organization, how it’s structured, its business model, and other factors. In most cases, however, it’s the CTO who is charged with staying on top of emerging technologies that might be of value to the organization. The job outlook for CTOs is good, as more companies go through digital transformations. With this heightened demand, employers know they need to compensate CTOs well for their advanced degrees and skills, and the challenges they may face regarding investments in business technology post-COVID.
Strategic thinking and strong business acumen are essential in this role. We expect you to be well-versed in current technological trends and familiar with a variety of business concepts. If you are also an excellent communicator and public speaker, we’d like to meet you. While CTOs were once primarily found in larger companies, they now also work with small firms, given that so many small businesses require the specialized skills and technical background they offer. The journey to learning a department in an organization varies from professional to professional. There are, however, similar characteristics needed to achieve success as a CTO.
We need someone with expertise and passion for building highly available IaaS or PaaS products for enterprise customers. Their CTO will help recruit new team members, expand their partnerships with Microsoft and IBM, and help win their most strategic customer opportunities. Technical skills are the abilities and knowledge needed to complete practical tasks. Learn which technical skills employers are looking for, how to improve yours, and how to list them on your resume. In 2009, the White House announced the appointment of the country’s very first CTO, an official in the Office of Science and Technology Policy. This official’s main focus is to use technology to help stimulate job creation, improve healthcare and security systems, and increase broadband access.
Ten years ago, cyber security was some way down the list of CTO priorities, but increasingly today it’s amongst the most prominent. Security and particularly a breach, whether internal or external, is a constant source of potential disruption and worse so as CTO you need to make sure you have processes in place to be able to deal with any such breach. Indeed, the CEO is often as much of a challenge as the customer, changes of specification, strategy, timeline being regular spanners that can impact that nice tidy schedule you started the day with. 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. CTOs on average earn a salary of $163,309 per year, according to PayScale, a firm that provides a compensation platform to calculate compensation rates. Total compensation for these positions ranges from $89,000 to $294,000 per year.
‘Dare House’, No.234, N S C Bose Road, Chennai- 600 001, Tamil Nadu, India.Phone: +91 44 42177770-5
Leave A Reply
You must be logged in to post a comment.