The Chief Technology Officer's job is to develop and enact new technology within their firm. The CTO's main focus is the design, implementation and vision of the firm’s technologies. Some of the key areas of the Chief Technology Officers job include setting the standard for technology development within the firm. Hiring employees with skills that will help bring about this technology vision. The Chief Technology Officers also works within the firms many departments to ensure that the flow of information is working at an efficient level. This includes all company software issues and hardware issues. One of the skills that the Chief Technology Officer must possess is an excellent communication and negation skills that will allow for an ease of discussion when discussing company related issues with stockholders, regulators and outside business professionals. The Chief Technology Officers will also exhibit superior leadership and management skills.
Chief Technology Officers have the ability to stay up to date with key technology development within their firm’s industry, and the ability to implement new developments in order to maintain and improve efficiency. The Chief Technology Officers education will be one with a foundation of computer engineering, computer science and information technology.
Chief Technology Officer (CTO) Tasks
- Monitor management of all hardware, software, databases and licenses, maintenance, and projections of future needs.
- Define technology strategies and ensure that processes meet expectations for federal, state and community privacy and security.
- Contribute to senior management team, guiding strategic decisions and resource allocation.
- Lead technology teams in day-to-day operations, provide key expertise, supervise the heads of departments, and set performance goals.
- Conduct technical reviews of products or solutions to compare and evaluate their applicability.