What is a CTO?
As far as it comes to technology, the Chief Technology Officer is where the buck stops in a company! The CTO is the head of all the technological requirements in the company and focuses on both the long-term and short-term tech needs that will help the company reach its objectives and remain profitable. Normally, the CTO heads the entire IT department in a company and oversees all the IT senior managers while being answerable only to the Chief Executive Officer in the company.
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!