The Value Of The Fractional Chief Technology Officer
InformationWeek, Wednesday, August 2,2023
A fractional CTO can be a great solution to help limit risk, manage teams, and develop cost-effective strategies to help meet the technology demands of an evolving business.
The chief technology officer has always been a critical component in the executive suite, but not all companies have prioritized filling it. There are valid reasons why this role may have been overlooked. For startups and small businesses, shouldering the hefty salary may have been a strong deterrent. Also, the workload may have been lacking to justify the position for companies that aren't heavily utilizing tech. Regardless of the reason, not having a strategic resource in this role can present challenges as businesses face an ever-changing technology landscape.