A company’s growth relies heavily on technological innovation due to unprecedented digitization. Technology leaders with a forward-looking view and a growth mindset are essential to building a company’s technological agenda and driving its future. This is where the Chief Technology Officer (CTO) steps in.
Who is a CTO?
A CTO or a Chief Technology Officer is in charge of an organization’s technological needs, opportunities, and challenges. A Chief Technology Officer is a partner who executes the company vision, forges a strategic direction, and offers data-driven insights based on a deep-set understanding of technology. Technology front-ending businesses have transformed the role of a CTO into a vital member of the enterprise C-suite.
They are in a strong position to influence not only technology but also overall strategy based on their understanding of tech evolution and adoption. Primarily, CTOs are involved in creating a robust roadmap for the organization and taking vital decisions such as team expansion, new development, or implementation of new technologies to best serve the business platform and end consumers. They communicate effectively with their team, leverage technology ecosystems, and innovate to know when exactly the company can experiment with disruptive technologies. They equip the organization with the right technology at the right time and optimize the system.