What is a CTO? The exec who sets tech strategy

“The role of the CTO continues to evolve,” says Craig Stephenson, managing director for the North America Technology Officers Practice at organizational consulting firm Korn Ferry.

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What is a CTO? The exec who sets tech strategy

“The role of the CTO continues to evolve,” says Craig Stephenson, managing director for the North America Technology Officers Practice at organizational consulting firm Korn Ferry.

“Unfortunately, [the role] means many things to different industries and organizations,” Stephenson says. “Years ago, the CTO most often led the infrastructure function. This may still be true today, but the title of CTO may also mean a highly strategic role which often incorporates engineering, technology, and product development. The CTO title is more challenging to define today than ever before.”

CTO job description

CTOs oversee the effectiveness of technology resources within an organization, including everything from phone systems to enterprise software platforms. “Their duties include communicating with other executives, performing research on new technologies that could enhance their business, and monitoring the use and implementation of new and existing technologies across departments,” according to online hiring platform Indeed.

Because the role is dynamic and responsibilities can vary depending on the type and size of the organization, industry, and other factors, there isn’t really such thing as typical day for a CTO.

Indeed lists a number of tasks a CTO might be expected to carry out. These include presenting reports on the company’s technology status, goals, or progress; creating and implementing technology strategies; aligning the company’s technology resources with its short- and long-term goals; serving on the executive committee to align technology goals to other departmental and organizational objectives; identifying which technologies can be used to improve the company’s products and services; creating and overseeing high-level key performance indicators; helping with recruiting, onboarding, and training technology professionals; and managing a budget.

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