Ankita Tripathy, 2 mins ago
Why Do You Need A Virtual CTO For Your Projects?
Do you know who should manage the digital aspects of your business and mentor your team?
If you can’t do it yourself, you’ll have to turn to third-party help to ensure that you don’t lose the full potential of your idea during its implementation. Actually, this help can be provided by the CTO.
In essence, it is one of the most uncertain positions since depending on the specific project, these specialists can have their own unique range of tasks and areas of responsibility.
This, in turn, imposes certain difficulties on business owners, as it is often not easy to hire such a specialist locally. Moreover, it can be extremely expensive and take you a lot of time while the process of working on the solution should already be started. That’s what virtual or remote CTOs are for. We will discuss the benefits and specifics of such cooperation below.
To bring your business idea to success, especially when it comes to launching a startup or an MVP, there are not enough brilliant product/service concepts, well-experienced developers, and appropriate financial resources. In addition, you need someone who will take care of coordinating these two components with your business goals. And we know exactly who will cope with all this.
Meet the Chief Technology Officer, the main project engineer, who formulates and implements a viable, cost-effective, and rapidly-achievable digital development strategy for the particular company.
These experts usually participate in the formulation of business objectives, as well as defining and agreeing with stakeholders on what the product architecture and its tech stack will be. Under their leadership, product, and service roadmaps are created, a team is formed, and tasks are distributed among its members.
In addition, such a specialist controls the production, ensuring that everyone receives specific benefits from this: the company, customers, investors, partners, and development teams.
At the same time, the CTO role may not require the most advanced list of hard skills among all other employees – instead of this, this person will be able to effectively match the company’s business needs with its IT capabilities to create a product that meets them all.
Given the full range of the CTO service duties, it can be difficult to find a truly worthwhile candidate for this position, and even more, in the shortest possible time.
In this case, you can contact an outsourcing company that provides various services for startups to hire a new employee according to the CTO as a Service model and delegate the tasks to a remote expert who will interact with you at a convenient schedule (this could be full-time remote work, on-demand services, regular consultations, etc. – it all depends on the individual needs of your business, the level of expertise of your in-house team, your budget, etc.).
Thanks to this, you will get rid of the overhead costs associated with formal employment and the organization of physical job places, and at the same time get all the benefits that this job position brings.
In addition to the hard skills that meet your project’s needs, you must make sure that your candidate has at least 8 years of experience in IT in the same position (usually during this time they manage to become senior-level experts in their niche, which allows them to understand not only separate tasks and development processes but also “see” the entire solution as a whole).
Also, this specialist must have outstanding leadership qualities, be able to bring people together to work on a problem, and also be a good communicator between stakeholders and the team.
In addition to all of the above, you will have to make sure that your candidate constantly improves their knowledge, works on self-discipline, knows how to structure information, and speak simply about complex things (this is important when presenting a brand-new business solution to stakeholders), understands how business workflows are organized, and has their own vision of companies’ growth in both the short and long term perspective.
However, we remind you that the final list of requirements for the applicant directly depends on the specifics of your business and may partially differ from what we indicated above.
As you may understand, a CTO is a specialist whose work duties lie between technical execution and the implementation of business tasks. Therefore, the best applicant for this position will be someone who already has some experience with all this.
If you do not want to bother to hire CTO locally and spend a lot of time and money on it, we are ready to offer you a worthy alternative – a CTO service that will provide you with all of the above skills and be in touch with you whenever necessary in remote format. Tell us about your project right now to get the best virtual CTO for your business.