The Chief Technology Officer is responsible for developing the technology strategy, internal coordination and organizing the companies’ external partnerships on the technology side
In a world that is running out of time, organizations are increasingly looking for skilled professionals who can meet their business needs and goals. Looking for a digital transformation, the position of CTO (Chief Technology Officer, in Portuguese: Director of Technology) can be an alternative for this process to happen in an accelerated way in small, medium and large companies.
Second book “The CTO Handbook” by Mark D. Minevich, the roles of a CTO are: developing technology strategy, internal coordination and organizing external partnerships. The work states that the primary responsibility of this type of professional is to contribute to the strategic direction of the firm, identifying the role that specific technologies can play in future growth, and seek the contributions that technology can make to the firm’s competitive advantage.
Regarding external partnerships, the work explains that, like all business professionals, the CTO will be part of a strong network that includes business partners, academics, government authorities and technology leaders. As far as internal coordination is concerned, the function is to identify the best technologies, which generally come from a strong internal network of people who are in contact with the latest technologies and understand their potential.
Eduardo Regis, co-founder of IFX Ventures, a company born from the merger of two organizations with more than 10 years in the market, “Inventos Digitais”, which has won the Google Impact and Awwwards awards and has a portfolio of more than 50 startups, and clients such as Siemens, Vale, Natura, among others, and “Finxi”, winner of the Endeavor Promessas award, which has launched more than 30 startups and had clients such as Furnas, Globo and Estácio, highlights that hiring such a complete professional at time could be something that would require a high investment. “Fully hiring a CTO with 10 years of market experience and experience moving from concept and ideation to growth and exit is something that is rare and too expensive,” he explains.
A CTO professional with this experience can be worth an investment of up to 50,000 reais a month, Regis reveals. “What we suggest in our case is: exchange part of our service for participation in your company, directly negotiate the amount received and the equity, be able to balance more than one or the other – higher value, lower equity, lower amount received as salary, or more equity,” he suggests.
Hiring a full-time CTO
According to catho, job posting site, the Chief Technology Officer professional has among his duties, team leadership, acting in the formation of teams with a practical, agile profile and focused on constant monitoring of technological innovations. And again, the management of all the technical sectors in the field of technology in the organization, through constant contact with the various areas of the company.
According to Miguel Fernandes, co-founder of IFX Ventures, among the main strategies and tools that can be used in the CTO service, the use of technology stands out according to the company’s area of activity. “In general, we carry out a preventive analysis and indicate the most appropriate technology stack for the interests of the company. This varies from case to case,” he explains.
Furthermore, also according to Catho, the CTO must have a broad knowledge of social and technological issues in the world, through strong performance in conducting research, identifying opportunities, assessing risks, preparing projects and implementing new technologies. Information Technology Manager jobs available on the site have salaries up to BRL 20 thousand.
For IFX Ventures executives, hiring a CTO service from a firm can be a viable solution for companies looking to get expert technology support without having to hire a full-time CTO professional. “We identified that the biggest mistake is that tech companies start out by outsourcing their technology and this becomes a big mistake in the long run, as they lose control over the basis of their own business,” Regis reports.
Entrepreneurs emphasize that the CTO can identify and implement innovative technologies that can improve operational efficiency and increase market competitiveness, showing positive results in their digital transformation. Furthermore, they can help companies build a successful startup, through a careful process, trying to ensure sustainability, in order to turn good ideas into an MVP and, consequently, transform the brand into a successful company.
To find out more just go to: ifx. ventures
Website: http://ifx.ventures
Source: Terra
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