Chief Technology Officer (CTO),
Definition of Chief Technology Officer (CTO):
An executive whose primary responsibility is to manage and address technical issues that a company faces, including research and development (R&D). Also called Chief Technical Officer.
A chief information officer (CIO) previously performed dual roles as CIO and chief technology officer (CTO). However, as technology continues to advance, there is a growing need to separate the CIO job into two roles to ensure a company's success. The CTO has a strategic planning role, while the CIO has a technology-focused role.
A chief technology officer (CTO) 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. The CTO usually reports directly to the chief executive officer (CEO) of the firm.
How to use Chief Technology Officer (CTO) in a sentence?
- In 2009, the White House announced the appointment of the country's very first CTO, which is a position currently held by Michael Kratsios.
- As of early 2020, PayScale reported the average CTO salary as $159,000.
- A chief technology officer (CTO) is an executive who is responsible for the management of an organization's research and development (R&D) as well as its technological needs. .
- The responsibilities and role of the CTO also depend on the company.
Meaning of Chief Technology Officer (CTO) & Chief Technology Officer (CTO) Definition