User:Ehennessy2016/sandbox

" Unlike the chief information officer (CIO), the role of chief technology officer (CTO) does not have a standard definition. Because this role varies so much from one organization to the next, saying the CTO is the person in charge of technology is as specific as one can be without looking at a given organization's structure, mission and history." https://www.govtech.com/people/What-Is-a-Chief-Technology-Officer.html

" One of the most important distinctions of the CTO role is that it's focused on the future. Mead said he's thinking sometimes three or even six months ahead of where the company is. This provides the company with direction, and it also means the CTO needs to constantly be aware of updates to existing technology. " https://www.businessnewsdaily.com/11126-what-is-chief-technology-officer.html

'' " A Chief Technology Officer, simply put, is the person responsible for overseeing technological issues within a corporation or organization. The position is usually at the executive level and most often reports to the Chief Executive Officer (CEO)." https://www.businessresearchguide.com/faq/what-is-a-chief-technology-officer/ ''

''CTO Average Salary - depends on the company's sector but ranges from $130, 000 -195,000. "CTOs in the financial sector make over $200,000 on average, while e-commerce CTOs make $76,000 per year, according to a 2018 report from the InfoSec Institute." https://searchcio.techtarget.com/definition/Chief-Technology-Officer-CTO .''

History[edit]
After World War II, large corporations established research laboratories at locations separate from their headquarters. Their goal was to hire scientists and offer them facilities to research on behalf of the company without the burdens of day-to-day office work.

At that time, the director of the laboratory was a corporate vice president who did not participate in the company’s corporate decisions. Instead, this technical director was responsible for attracting new scientists, do research, and develop products.

In the 1980s, the role of these research directors changed substantially. Since technology was becoming a substantial part of most products and services, companies needed an operational executive who could understand the product’s technical side and provide advice on ways to improve and develop it.

https://www.businessresearchguide.com/faq/what-is-a-chief-technology-officer/

" The Chief Technology Officer position has its origin in the research and development laboratories established by large corporations in the 1950’s and 60’s, according to Princeton University. The idea was to create independent sites where top scientists could pursue their research, unimpeded by the cares and concerns of day-to-day business operations. The director of the laboratory would typically be a vice president of the company, but not involved in corporate strategy and operations. His or her focus was on attracting top scientific talent, supervising research, and publishing results. But as technology became a more integral part of companies’ operations, the need grew for a technology officer who had both the scientific background and the business skills to translate scientific and technological discoveries into corporate strategy. Large companies began to create Chief Technology Officer positions in the late 1980’s, and the growth of this role was accelerated with the advance of information technology (computer and Internet) companies in the 1990’s."

The position of Chief Technology Officer was created by large companies in the late 1980s with the growth of the information technology industry and computer(Internet) companies.

Overview[edit]
A CTO "examines the short and long term needs of an organization, and utilizes capital to make investments designed to help the organization reach its objectives... [the CTO] is the highest technology executive position within a company and leads the technology or engineering department". The role became prominent with the ascent of the information technology (IT) industry, but has since become prevalent in technology-based industries of all types—including computer based 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 corporate officer position, the CTO typically reports directly to the chief information officer (CIO) and is primarily concerned with long-term and "big picture" issues (while still having deep technical knowledge of the relevant field). In technology-focused organizations, the CIO and CTO positions can be at the same level, with the CIO focused on the information technology and the CTO focused on the core company and other supporting technologies.

Depending on company structure and hierarchy, there may also be positions such as R&D manager, director of R&D and vice president of engineering whom the CTO interacts with or oversees. The CTO also needs a working familiarity with regulatory (e.g. U.S. Food and Drug Administration, Environmental Protection Agency, Consumer Product Safety Commission, as applicable) and intellectual property (IP) issues (e.g. patents, trade secrets, license contracts), and an ability to interface with legal counsel to incorporate those considerations into strategic planning and inter-company negotiations.

In many older industries (whose existence may predate IT automation) such as manufacturing, shipping or banking, an executive role of the CTO would often arise out of the process of automating existing activities; in these cases, any CTO-like role would only emerge if and when efforts would be made to develop truly novel technologies (either for facilitating internal operations or for enhancing products/services being provided), perhaps through "intrapreneuring".

Responsibilities : https://www.businessresearchguide.com/faq/what-is-a-chief-technology-officer/

"The responsibilities of the Chief Technology Officer will vary depending on a company’s corporate structure and its particular products and services. In some cases the CTO’s role is to monitor and assess new technologies. This can be crucial from a business perspective, as companies need up-to-date information on technological advances relevant to their products. This role is important both for traditional manufacturing companies and for newer information services companies. Chief Technology Officers are also important as strategic innovators, helping to identify new technologies and encouraging their application. Chief Technology Officers are usually responsible for being knowledgeable about regulatory and intellectual property issues, and these responsibilities can translate into important relationships with government, media, and academia. The CTO is often a company’s ambassador in these important settings."