Digital transformation is a reality and no longer an option. Most small and medium-sized businesses understood it is not about adopting or developing technology but digitally transforming from it. That is the way to rethink your business, understand how to differentiate yourself and grow.
Today, any SME can access the same technology as any large organization, which places them in a competitive framework that was unthinkable before. This is a great opportunity but still a significant challenge.
In this context, the CTO role became increasingly important.
A chief technology officer (CTO) is an executive in charge of the technological needs of a company. The individual focuses on technological and scientific matters and is usually the leader of a technical team. A CTO can also handle the research and development work of the organization of which he is a part.
The CTO is the one who oversees the entire technological strategy of the business and defines action plans related to the company’s line of business. It enables the efficient use of technology to improve the products or services offered by the company.
Previously, the CIO (Chief Information Officer) of a company performed two roles: as CIO and as CTO. The person who occupied that role worked as a kind of translator since it was not common for business people to understand technology.
Today, business and technology are merged, and it is no longer necessary to set up a bridge between the two. Companies need a strategist who understands business and technology while setting the course towards a better path. The CTO must know the latest trends in the field and think about how technology can change and improve the business.
This role was created 15 years ago, and today it has immense importance in competitive companies.
There are different CTO models, depending on the time for which they are hired and the responsibilities they are in charge of.
As the name implies, a fractional CTO takes care of a fraction of the responsibilities of the company and focuses on specific areas according to the requirements of the company. It is a very effective modality since it is focused on solving specific needs and problems. It is ideal for small and medium-sized companies looking to launch new products and services, as it will allow them to ensure proper implementation and effective problem-solving.
A full-time CTO is a resource dedicated entirely to achieving the best interests of the company.
It is the individual who takes care of all the responsibilities, but only part of the time. It differs from the fractional CTO in that it only handles a certain number of responsibilities depending on the needs of the company.
Companies that are not sure how to use a fractional CTO widely used this modality. In this way, they can hire a part-time CTO so they can identify the particular needs of the business.
They are transitional CTOs. They are typically hired while a company is replacing a CTO or choosing a new one. The interim CTO will be in charge of solving the technological needs of the company at that time of transition. For example, if the current CTO of a company leaves, an interim is hired to perform his duties. But he is also the one who will lead the search for the new CTO as he knows the specific technical knowledge of the company and the technical needs of the position. For all this, he is the ideal person to find his successor.
A fractional CTO is a multi-faceted and experienced technology professional who serves as a Chief Technology Officer in a company fractionally.
The CTO manages the technology strategy, leading the development, planning, integration and implementation of software. He pursuits the improvement of the final product or service in terms of quality, continuity, efficiency and safety.
The common tasks and responsibilities of a fractional CTO are:
Some skills that we can find in a fractional CTO are:
The fractional services of a CTO can be extremely beneficial to any business. These are some advantages of hiring a fractional CTO:
Not all companies need a fractional CTO. The following are some indicators that your company requires one:
At Syloper we offer you the fractional CTO service (Director of Technology), through which we provide reliable and first-class advice for your company.
Through this service, we provide you with knowledge and experience in technology without the long-term commitment and financial burden of hiring a full-time CTO.
Our fractional CTOs provide:
Our CTOs will have a transformative impact on your business.
Increase efficiency, speed up the delivery of products and services, and improve their quality.
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