Full Form of CTO | CTO Full Form | What is CTO | About CTO
Full Form of CTO is Chief Technology Officer: A Chief Technology Officer (CTO) or Chief Technical Officer is an executive-level position in a company or alternative entity whose occupant is targeted on scientific and technological problems among a corporation.
A Chief Technology Officer (CTO), “examines the short and future wants of a corporation, and utilizes capital to form investments designed to assist the organization reach its objectives … [the CTO] is that the highest technology govt position among a corporation and leads the technology or engineering department”. The role became outstanding with the ascent of the knowledge technology (IT) business, however has since become rife in technology-based industries of all types including computer based mostly technologies (such as game developer, e-commerce, and social networking service) and other/non-computer-focused technology (such as biotech/pharma, defense, and automotive).
In non-technical organizations as a company officer position, the CTO generally reports on to the chief data officer (CIO) and is primarily involved with long and “big picture” problems (while still having deep technical information of the relevant field). In technology-focused organizations, the CIO and CTO positions will be at constant level, with the CIO centered on the knowledge technology and therefore the CTO centered on the core company and different supporting technologies.
Depending on company structure and hierarchy, there may additionally be positions like director of R&D and vp of engineering whom the CTO interacts with or oversees. The CTO additionally wants a operating familiarity with restrictive (e.g. U.S. Food and Drug Administration, Environmental Protection Agency, client Product Safety Commission, as applicable) and property (IP) problems (e.g. patents, trade secrets, license contracts), and a capability to interface with legal counsel to include those concerns into strategic coming up with and inter-company negotiations.
In several older industries (whose existence might predate IT automation) like producing, shipping or banking, ANgovt role of the CTO would usually arise out of the method of automating existing activities; in these cases, any CTO-like role would solely emerge if and once efforts would be created to develop really novel technologies (either for facilitating internal operations or for enhancing products/services being provided), maybe through “intrapreneuring”.