The important role of Chief Technology Officer CTO

The Chief Technology Officer (CTO) is one of the senior management positions that plays an important role for every business in any field. However, not everyone knows what a Chief Technology Officer is? Are CTO and CIO similar or different? What are the roles, responsibilities and specific tasks of this senior management position? Find the answer with Faro Vietnam through the article below!

1. Who is a Chief Technology Officer?

A Chief Technology Officer is the person responsible for managing and performing tasks related to technology, science and engineering in the enterprise. The goal is to promote value creation from the application of technology to the organization's operations.

The job of a CTO will vary between organizations and businesses. But basically, the task of a Chief Technology Officer is to focus on external customers - those who use the company's products/services. CTO also plays a senior management role, reporting directly to the CEO (Chief Executive Officer).
 

What Is a Chief Technical Officer? And How To Become Chief Technical Officer

2. Requirements for recruiting a CTO

• Have a bachelor's/master's/doctorate degree in technology or IT. Accompanied by other technology certificates (if any).
• Have experience in the CTO position or other leadership positions.
• Have experience in project management, research and technology analysis.
• Have in-depth knowledge and expertise in: computer science and engineering, operations management, web system design and development, software development, etc.
• Proficiency in office software: Word, Excel and Powerpoint.
• Understand issues related to business operations.
• Have necessary skills: leadership and organization, communication, problem solving, negotiation, time management,...

3. Roles and 5 main responsibilities of CTO in organizations

3.1 Role

The role of each CTO may vary depending on the specific operations of each organization, but in general, it often includes:

3.2 CTO in charge of infrastructure

The CTO plays the role of managing the infrastructure, monitoring and securing the system - database of the enterprise. The CTO also participates in planning, developing technical strategies and monitoring the technology roadmap of the enterprise.

3.3 CTO in charge of technology

The CTO plays the role of being in charge of the technical aspect. With the most comprehensive perspective, the CTO will build and propose technical strategies in line with the business priorities of the enterprise. At the same time, it is planning and monitoring technology deployment, ensuring the improvement of product/service quality.

3.4 CTO in charge of marketing

The Chief Technology Officer also plays an important role as a "bridge" between customers and the business. The CTO is responsible for implementing marketing-related tasks such as: contacting customers, researching, analyzing market needs and proposing appropriate technology solutions to improve operational efficiency.

3.5 CTO in charge of long-term technical strategy

The position of Chief Technology Officer is responsible for building a long-term technical strategy for the organization. To do this, the CTO must be able to research and analyze the market and build a suitable business model. They must also coordinate with the CEO and other senior managers to orient the best strategy for the business.

4. Responsibilities

The Chief Technology Officer is a senior management position in the executive apparatus of the business. A Chief Technology Officer will be primarily responsible for:

• Building and developing technology strategies.
• Build a technology roadmap for the business, manage technology investment resources.
• Update and disseminate new technology trends, research, develop and innovate business models according to trends.
• Develop superior new technology and software solutions for customers.
• Automate systems, infrastructure and core business processes and operations of the business.

CIO vs. CTO: Understanding the Differences in the Roles

4. Current CTO salary

According to a survey, the salary for the position of Chief Technology Officer at current enterprises ranges from 20 - 40 million VND/month depending on the workload and company size. CTO income varies depending on ability, experience and company size. The CTO's income can be even higher thanks to bonuses or stock options.

5. Basic distinction between CTO and CIO

Many people still confuse and cannot distinguish between the two concepts: Chief Technology Officer (CTO) and Chief Information Officer (CIO). Although both are responsible for technology-related issues in organizations and businesses, these two positions are fundamentally different. It can be understood that the CIO position will be responsible for ensuring that investments in IT systems are consistent with the company's business goals and strategies. CTO focuses mainly on technology platforms rather than CIO, and is responsible for proposing appropriate technology solutions to support business operations.
As technology becomes increasingly important to the sustainable development of businesses, the role of CTO is also increasingly valued. To advance to the position of Chief Technology Officer of an organization, you will have to meet the requirements of professional qualifications as well as cultivate other necessary qualities and skills. 

Hopefully, the above sharing of Faro Vietnam has helped you better orient your future career! Don't forget to update the latest HR news in Faro Vietnam. If you are in business and want to recruit a Chief Technical Officer for your company, please contact us directly via Hotline for support as soon as possible.

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