Chief Technology Officer
At the core of every modern business is technology. The indispensable role of CTO is defined as an executive-level leader who has the expertise to not only expose technology inefficiencies, but also manage the implementation and execution of integral technology strategies across the enterprise.
A Fractional CTO is the ideal solution for startups and SMEs who need to implement impactful technology strategies, but don’t yet have the budget or resources available to hire a full-time CTO. A Fractional CTO possess the inherent ability to blend forward-thinking creativity with multidisciplinary technical expertise, giving companies the technology-driven solutions necessary to remain competitive in today’s global business landscape
Why Hire A Fractional CTO?
When you hire a Fractional CTO, your organization will gain access to executive-level technical expertise, yet without the budgetary expense or overhead costs involved in hiring a full-time CTO.
This contract role provides the flexibility to deliver solutions exactly when and where you need them. Your Fractional CTO will analyze the core revenue-generating products and services of your business, as well as identify the technical support needed to ensure profitability.
Highly experienced and analytical, a Fractional CTO is able to shift into execution mode seamlessly, immediately working as an extension of your team to achieve defined project goals, deliverables, and objectives. With years of experience consulting internally at a variety of different companies, a Fractional CTO carries that culmination of knowledge into their role with your company. They know what works, and what doesn’t, and can seamlessly present and implement actionable strategies that will minimize system downtime and operational disruptions.
A Fractional CTO will also perform a comprehensive internal systems assessment, including architecture, security, and privacy, while identifying the actions that need to be taken to mitigate risk of security breach or exposure to cyberattacks. With the right security plan in place, your company can protect investments, preserve confidentiality of data, prevent catastrophic data loss, and establish trust with customers that their personal information will never be exposed to cybercriminals.
Benefits Of Hiring A Fractional CTO
A Fractional CTO will work with you to understand key technical aspects of your existing system, while identifying technology-driven barriers to productivity and recommending scalable solutions to drive successful growth.
Hiring a Fractional CTO can help your enterprise to:
- Understand the role artificial intelligence, machine learning, and natural language processing hold within a successful technology infrastructure, and achieve the ideal balance between human capital and task automation.
- Improve time to market with analysis of product development life cycle, including sprint reviews, planning, and roadmapping.
- Minimize repetition and create maximum efficiency of your product development teams.
- Leverage new global growth opportunities where lack of technology is a barrier to successful entry.
- Prepare for acquisition or sale, ensuring that your company valuation is maximized by organization-wide use of modern technology.
- Identify and resolve general IT issues that may be causing growth to stagnate, including network connectivity, cloud hosting, website responsiveness, and online customer support.
- Protect the privacy of your customers and the legacy of your business investments with a cohesive and compliant security strategy
Fractional CTO Roles and Responsibilities
Although services are tailored to fit the needs your organization, below are the typical roles and responsibilities taken on by a Fractional CTO.
- - Leading the technology team and consulting directly with senior management on technology decisions and strategic implementation.
- Implementing an enterprise-wide security plan and disaster recovery plan.
- Reviewing 3rd party software licensing and partnership agreements.
- Improving agility, scalability, and design of technology platforms.
- Reviewing vendors and negotiating contracts.
- Researching, developing, and managing technology solutions and software development.
- Analyzing and optimizing product development lifecycle through assessment of key use cases and sprint reviews.
- Consulting on hiring of team members to support long-term technology roles
