What Does a CTO (Chief Technology Officer) Do?
Being a Chief Technology Officer is a position of responsibility in a company and requires knowledge about technological advancements and business management. So a CTO works by changing and managing the tech landscape in their company, understanding the technological advancements of rival companies, and also managing the technical team, and reporting their findings to the executive committee and CEO so that decisions can be made on how to take the company forward.
How to Become a Chief Technology Officer?
Technology is becoming more and more important for all companies, no matter what sector they are in. In today’s times, when companies need software for daily use and cybersecurity for protecting their information, then by default it pushes a focus on technology whether that’s the company’s primary job or not. A company may be a financial firm, a media house, or even an entertainment firm (like Netflix!) but technology is still extremely important. And thus, Chief Technology Officers are a crucial part of the company.
But there is still a big confusion as to what is a Chief Technology Officer. Everyone has heard of Chief Executive Officers and there are some pretty famous people in the tech world (Steve Jobs and Elon Musk come to mind!) But how are CTOs different? And what are their responsibilities in a company?
Research shows that it takes a lot of hard work and loyalty to a company to become their Chief Technology Officer, with 39% of CTO’s infamous Fortune 100 companies getting this role after working more than 16 years at their company. But what does this role entail? Let’s find out!