Usually, when it comes to software development, you have to worry about a lot of things: formulating a product concept, setting clear and measurable business goals that it should achieve, analyzing the audience and competitors, hiring developers and other IT specialists, and, in general, a lot of other, not less important procedures. However, there is also an aspect that directly or indirectly relates to all of them - yes, it is the choice of a technology stack. So, how can you maximize the likelihood that you'll get it right? Below, we will highlight this issue in more detail.
One Specialist - One Solution to the One Problem
In fact, there is a specialist who is responsible for choosing the right technology stack - this is the CTO or a Chief Technology Officer. These professionals usually have a much wider range of tasks, from training the team in the necessary hard skills to their general motivation; however, ultimately, their main responsibility remains the choice of technologies and tools for project implementation that would be "in tune" with business goals that this project should pursue.
At the same time, it is important to understand that this position implies an extensive list of CTO skills and many years of experience on the part of the person who occupies it. This indirectly suggests that a local search for such an expert may be unsuccessful since really good specialists are either already involved in other projects, or their rate is so high that their assignment to your project can make a huge hole in its budget. This is where virtual CTO services come to the rescue, which can be provided to you by almost any outsourcing company specializing in your business niche.
Specifically, by choosing cooperation according to the CTO as a Service model, you achieve, first of all, cost efficiency - both because of the difference in rates between the local IT market and the "native" market of the company with which you will cooperate, and because of the CTO as Service format itself which involves part-time hiring. Indeed, the specifics of CTO service are such that the need for interaction eight hours a day and five days a week arises extremely rarely. This means that instead of in-office hiring a person who has the list of CTO skills you need, you can follow a much more profitable schedule without compromising the productivity and quality of your team's work.
Finally, thanks to this option, you will save yourself from unnecessary bureaucracy associated with official employment and the need to organize one more full-fledged workplace in your office. Sounds good, doesn't it?
Final Thoughts
Well, we hope you now understand that the answer to the question: "What is CTO in business?" may concern the selection of a technology stack, too, which means that now, you have an excellent reason to think about expanding your team with another specialist with the appropriate CTO qualifications. For example, you can explain to us your CTO requirements in detail, and we will select a specialist who fully meets them and with whom you will be able to collaborate remotely at a schedule convenient for you.
COMTEX_449488477/2850/2024-03-19T07:14:41