What the New CTO Role Tells Us About Tech in Business

As technology becomes an integral part of most businesses, many companies are hiring a CTO, or a chief technology officer to work as part of the C suite.

As a relatively new position, the CTO would primarily work with the software and technology that the business is using daily and selling to clients.

A recent article by Forbes details what a CTO does and if this position is beneficial to businesses today. 

“The chief technology officer (CTO) is a recent addition to the C-suite and has quickly become a cornerstone of digital natives and hyperscalers. But every organization that develops its own software should consider hiring a CTO to drive forward its business, make better decisions and stay competitive in an unpredictable world.

The concept of the CTO role is a relatively new one. I first came across it in the late 2000s, and I wasn’t sure what to make of it. Being chief technology officer in a technology company sounded like being chief shoemaker in a shoemaking company. Back then, the role was essentially that of a chief software architect: You were responsible for the construction of applications but not managing an organization.

Around this time, organizations realized that instead of being a separate, purely functional part of their business, technology was, in fact, becoming key to their success. Around 15 to 20 years ago, I started to see the modern CTO role being more clearly defined: an individual capable of leading software development but who also has strong communication and people management skills, plus the ability to take a broader view of technology and business. Technology had earned its place in the C-suite.”

Read the rest of this article here. 

The article highlights that because technology is becoming an essential part of business, a CTO role is now an essential part of the C suite.

Is this statement true?

The truth of this notion depends entirely on the rest of the C suite within a given business.

Some businesses absolutely would benefit from a designated technology leader like a CTO, especially if there is new technology being developed and implemented.

However, other businesses may have already been using technology as an integral part of their business since its inception, so this role may not be necessary.

While the CTO role itself is up for interpretation, technology within business is not.

The emergence of this role shows that software development and implementation needs to be a part of every business, especially in the current digital age.

Keep technology at the forefront of your strategy and ensure that your leaders are equipped to implement it.

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