Do you know that today, business growth usually has to be backed up by its constant tech evolution? Indeed, digital transformation is one of the decisive factors in ensuring the continuous development of businesses in all widespread niches. At the same time, the presence of an IT department in a company is usually not enough to implement long-term strategies since the specialists working here have to perform tasks related to maintaining the existing IT infrastructure but not its global development, scaling, and optimization.

This means that to achieve your goals associated with boosting the performance across departments, introducing workflow automation, launching new digital solutions, and so on, you may need the help of higher-level specialists. Below, we will talk about what kind of specialists they are, what special skills they have to have, and what specific responsibilities may be assigned to them.

What Kind of Specialist Do You Need?

In short, you need virtual CTO services. This is a modern and more convenient adaptation of the traditional position of a full-time Chief Technology Officer. However, according to it, CTO as a Service will interact with you remotely, on an agreed schedule, or at your request – it all depends on what requirements you put forward.

This way, you will achieve greater cost efficiency when filling this vacancy (since you will not have to pay as much as a full-time employee, whose salary usually also includes all sorts of taxes, vacations, sick leave, etc.) and can begin to innovate your business processes as quickly as possible (finding full-time employees of this level can be challenging, and the appointment of one of the existing employees will require additional training to gain new skills).

Otherwise, the responsibilities of CTO as Service will be the same as those of their in-house colleagues: mentoring the development of new services or products, optimizing production performance (managing development processes in project teams, training and professional development of employees, implementation and support of various IT processes, etc.), as well as the selection of a technology stack that would meet the short-term and long-term goals of the company. 

Please note that this is only a basic list of responsibilities, and, in practice, it can be much more comprehensive – it all depends on the current scale of your business. The rule lies in the next: the smaller the company, the more tasks the CTO service has to perform; in turn, large-scale corporations require only a limited set of CTO skills. 

What Should Your Requirements Be?

In general, there is an unspoken list of CTO skills needed to select a good specialist should have:

• Experience in managing a technology department in a specific business industry;
• Strategic vision (the ability to align the company’s business goals with the tasks of technical departments);
• Experience in managing a similar team size;
• Experience in implementing similar projects;
• Strong communication skills;
• Strong leadership skills.

Final Thoughts

Now you know the answer to the question: “What is CTO in business?” and are able to form a clear understanding of which CTO qualifications are important for your company. If you are looking for a seasoned expert who could take responsibility for the digital transformation of your business, feel free to contact us. We will provide you with our specialist, who will fully meet your CTO requirements and communicate with you exactly when you need it.