Therefore, CTO positions are likely to be a step closer for enthusiastic and knowledgeable candidates who may not have the common 15-year mark of experience required for this role. It seems the CTO title first gained popularity in the late 1990s, around the time the internet was exploding and the world began to grasp how technology was about to fundamentally alter our existence. Many companies designated a CTO to serve as the technology czar inside IT, charged with ensuring the organization was taking advantage of the latest developments in infrastructure, data centers and network technologies. The CTO often reported to the chief information officer , which created confusion in IT circles about who did what, exactly.
- While a technical degree may not be necessary, at least a bachelor’s degree of some kind is often a requirement for these roles.
- According to BLS, the field of top executives is expected to increase by 4% through 2029.
- There are two primary types of CTOs, which are a technical lead and an operational lead.
- In the part-time role, Mr. Schroepfer said, he would focus on recruiting and developing technical talent, improving project infrastructure and overseeing artificial intelligence developments.
- CIOs generally look inward, developing and using technology to improve the company’s procedures and operations.
- Even in its most common form — chief technology officer — the title can come with powers and responsibilities that vary widely from company to company.
- Establishes overall direction and strategic initiatives for the given major function or line of business.
A CTO, may additionally interact with a newer position, a Chief Security Officer , or more accurately referred to as Chief Information Security Officer. The role of a CSO in comparison to a CTO would be to protect the network from being penetrated which could lead to privacy and legal issues for the company. All executive positions relating to technology must collaborate within companies to have the best working infrastructure and will report to the CEO.
Complete a master’s degree in technology-related fields
For this reason, they must have great organizational skills and be able to coordinate the work of their team with efficiency. The road to becoming a CTO is often a long journey, but that doesn’t make it any less rewarding and reputable. If this job is a goal of yours, be it the near future or a long-term one, here are the steps you are more or less expected to take and skills to develop in order to make it as a CTO. NTT DATA Services, Kris leads client innovation programs and the IT Strategy Consulting Practice. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
Typically, a professional must work in the IT field for at least 15 years before seeking employment as a CTO. This experience is crucial for developing the skills to lead an entire organization’s technology strategy. As a C-level position, a good Chief Technology Officer must primarily be someone who is always eager and willing to learn and keep up with new technologies and developments. Moreover, their job responsibilities call for a range of skills they must possess and hone over time. As I move on from a corporate career after 44 years in the technology field, it’s interesting to look back at where CTOs came from, what’s different now and what the role might entail as time goes on. As my IT contemporaries ponder their careers and how they can be most valuable to their own organizations in the future, they may find value in reflection as well.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Sept Uber (UBER.N) Chief Technology Officer Sukumar Rathnam is stepping down as the company’s head of engineering, a spokesperson of the ride-hailing company said late on Tuesday. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Becoming a Chief Technology Officer Careers & Outlook
Mr. Schroepfer also led the infrastructure atop which Facebook rests, including opening new data centers and connecting programs and services among the company’s so-called family of apps. That foundation was crucial when the coronavirus pandemic pushed people indoors and onto their computers in increasing numbers. Mr. Zuckerberg said last year that Facebook was “just trying to keep the lights on” as people flocked to its platforms to pass the time.
Research skills can help you evaluate technological, financial and commercial factors when performing these duties. A CTO usually leads a team of technical officers and works with other employees, managers and clients. Strong leadership skills can ensure you can collaborate within a team and cooperate with others to implement new technological strategies. Many individuals prefer the role of an IT consultant over the executive role.
Sheryl Sandberg, the chief operating officer, has held her position since 2008. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. After World War II, large corporations established research laboratories at locations separate from their headquarters. The corporation’s goals were to hire scientists and offer them facilities to conduct research on behalf of the company without the burdens of day-to-day office work. This is where the idea of a CTO focusing on the overarching technology infrastructures originates.
Chief technological officers apply their technical talents and knowledge to direct the workplace’s IT processes. Understanding a chief technology officer role can help you make an informed decision about transitioning to this career path. In this article, we discuss how to become a chief technology officer, what the job entails, the education and skills required, the career path and frequently asked questions about the role.
Then choose from 10+ resume templates to create your Chief Technology Officer resume. Develop and manage a complete network solution featuring EMC, Cisco and VmWare solutions. Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S. University Headquarters is your #1 resource for finding top rated colleges, scholarships, potential salaries and helping you find the right career. Our goal is to become one of the best online resources helping students navigate through the higher education process. An extensive knowledge of Information Technology is required, with a Bachelors Degree in Computer Science or Engineering is a minimal educational qualification.
There are, however, similar characteristics needed to achieve success as a CTO. C-Suite is a widely-used informal term used to refer collectively to a corporation’s most important senior executives—as in CEO, CFO, and COO. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.
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Completing a bachelor’s degree in such fields provides a strong background in mathematics and engineering, which may help you excel in a CTO role. While completing your coursework and other academic programmes, you can also connect with industry experts and build your professional network. Organisations require technological officers to manage the technical complexities of business.
At Maryville, we are committed to not only showing you how to become a chief technology officer, but to providing you with the educational foundation and critical skills that make employers take notice. Being a Chief Technology Officer is usually the peak of a career in technology; therefore, it is a role that typically requires years of experience, especially when it comes to larger companies and enterprises. In smaller companies and start-ups, however, the number of years of experience required for this role is usually lower. Constant developments both in business trends and technology have inevitably driven companies toward strengthening their technological capabilities and solutions. In 2009, the White House announced the appointment of the country’s very first CTO, an official in the Office of Science and Technology Policy. This official’s main focus is to use technology to help stimulate job creation, improve healthcare and security systems, and increase broadband access.
How long does it take to become a chief technology officer?
CTOs may possess additional or alternative titles, such as chief innovation officer or vice president of product development, depending on the organisation. They may report directly to the chief executive officer, chief information officer or chief operating officer. Given the fact that technology changes so quickly and that industries are constantly being disrupted, individuals with technology-related careers have to remain current on these trends, skills, and changes. Certifications are available in many different areas and specializations including skill development, professional organizations, leadership, and others. A chief technology officer is the executive in charge of an organization’s technological needs as well as its research and development (R&D). Also known as a chief technical officer, this individual examines the short- and long-term needs of an organization and utilizes capital to make investments designed to help the organization reach its objectives.
It’s important to note that not all businesses will hire a CTO, even if they fall within those types of organizations previously mentioned. A CTO’s primary responsibility is to understand chief technical officer step and implement technologies that help a business achieve its goals and objectives. Depending on the size of the organization, a CTO focuses on four primary areas of the business.
CIOs generally look inward, developing and using technology to improve the company’s procedures and operations. He was asked to oversee the development of Facebook’s artificial intelligence and machine learning systems. The company has since developed tools to automatically identify and remove problematic content such as posts offering the sale of drugs or firearms. SAN FRANCISCO — In a rare change to Facebook’s top ranks, Mike Schroepfer, the chief technology officer and a longtime executive, plans to step down from his position next year, the company said on Wednesday. To become a chief technology officer, you usually need a bachelor’s degree and more than 10 years of experience.
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Ca.indeed.com needs to review the security of your connection before proceeding. Chief Technology Officers in America make an average salary of $172,989 per year or $83 per hour. The top 10 percent makes over $284,000 per year, while the bottom 10 percent under $105,000 per year. Implement, manage and customize Salesforce, a CRM system, allowing the company to convert sales leads into opportunities. The Indeed Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with Indeed’s data and insights to deliver useful tips to help guide your career journey. As VP and CTO ofNTT DATA Services, Kris leads client innovation programs and the IT Strategy Consulting Practice.
In non-technical organizations as a corporate officer position, the CTO typically reports directly to the chief information officer and is primarily concerned with long-term and « big picture » issues . In technology-focused organizations, the CIO and CTO positions can be at the same level, with the CIO focused on the information technology and the CTO focused on the core company and other supporting technologies. After spending some time working in the technology field, IT professionals with the ultimate goal of becoming a CTO should consider pursuing a master’s degree. A CTO needs to have the technological expertise and a keen business sense to be successful in a leadership role.