Today, the information technology market is considered one of the fastest-growing and most progressive market segments. Accordingly, there is a question of finding professional IT specialists and a manager who will coordinate professional IT teams. Recently, there has been a trend in the distribution of positions in IT departments.
CTO (Chief technology officer) – is the company’s manager responsible for developing new services or products, optimizing production productivity. This includes managing development processes in project teams, training employees, implementing and supporting various processes within the company.
The CTO is responsible for the technological needs of the organization, as well as for its research and development. As a rule, the role of the CTO will depend on the company itself, including the positions held and the requirements. Its mission is to ensure the efficient use and allocation of the company’s resources, to turn the implementation of projects into controlled processes with predictable results. The common obligations of the Chief Technology Officer in Outsourcing IT Development company include:
The CTO position attracts responsible and competent people who prefer to work for results and have experience in managing a team of employees. Another advantage of a CTO is constant, intensive personal development. The CTO as a service is a service for startup projects and implies assistance in the implementation of an IT product from idea to release. It makes you think both about the code value and its qualities as a product.
CIO (Chief Information Officer) – is a representative of the company’s top management, whose area of responsibility includes ensuring the smooth operation of all information systems. He determines the IT strategy of the organization, manages the creation of IT infrastructure for all departments, and solves the most important issues of interaction between business and IT. Usually, the CIO is the head of the relevant department, and often he also holds the post of deputy head of the entire company.
Director of the Department of Information Technology – is a leadership role. Therefore, he has to determine the development strategy and create the computer infrastructure mainly through subordinates. It is the responsibility of the CIO to find out the current needs of the company and formulate appropriate tasks for subordinates. It serves as a kind of translator between technical specialists and businessmen.
The CIO should focus on the business area and the area in which this particular organization operates. The functions of the IT director are directly related to the activities of the entire company. With its help, IT is planned to finance the IT infrastructure, and it also controls the corresponding costs. The Chief Information Officer personally enters into contracts with suppliers when it comes to large purchases. The main task of the IT director is to develop the company’s IT infrastructure and information strategy for business management based on advanced technologies.
The job responsibilities of an IT director include:
The advantage of the CIO is that it provides the opportunity to work in any large organization, with any form of ownership, where there is an IT department. For the CIO, it is important to fulfil the tasks set by the management, but also to understand the company’s business processes. The CIO needs to assess the needs of the company’s top managers to offer them optimal IT solutions and tools.
CEO (Chief Executive Officer) – is the company’s chief executive officer, TOP manager, chairman of the management board, chief administrator, or other managers responsible for managing the entire organization. CEOs are found in both commercial and non-commercial organizations. The Chief Executive Officer not only manages the internal environment of the company but also actively interacts with the external environment.
The Chief Executive Officer is solely responsible for the success or failure of the organization. Therefore, the CEO administers the various activities of the organization including finance, human resources, legal aspects, marketing, operations, sales, and technology. The CEO exercises control over these areas of activity when considering the needs of various stakeholders, including shareholders, employees, customers, and investors.
The tasks and responsibilities of a CEO vary from company to company, depending on the organizational structure or size of the company. In smaller companies, the CEO has a more “hands-on role”, such as making business decisions at a lower level. In large companies, the CEO usually only deals with top-level corporate strategy and solutions to the company’s major challenges. The solution of other tasks is delegated to other managers (senior and middle managers – CFO, CCO, CIO, CMO, CRO, etc.).
The Chief Executive Officer must know the area in which the organization operates. Also, he should know all the specifics of its activities and have managerial skills. The tasks and responsibilities of the CEO include:
It is impossible to imagine effective business development without information technologies and systems in the modern world. Today, the IT market is considered one of the fastest-growing and progressive segments. Therefore, competent management of projects and departments in the IT-sphere comes to the fore. CTO, CIO and CEO in IT companies are senior positions. They are responsible for technical and financial, and managerial aspects. Today, in the context of digital business transformation, companies have more opportunities to solve old problems, as well as new problems that need to be dealt with. For competent performance, they should hire a Chief Technology Officer for outsourcing.