Information Technology is pivotal to the success of any organization. In large organizations, it is feasible to build a big team including leadership. It is to drive the IT strategy for the organization. However, it becomes challenging for any small to mid-size organization. If they bring seasoned IT resources, the cost might be pretty high. They also have to involve themselves in various IT initiatives. Which might be at the cost of some other critical business deliveries. Virtual CIO Services is offered at a fast pace to large organizations. Those organizations are in need of chief information technological services.
There is also a possibility that the role might not provide enough scope to have a full-time CIO on board. This can also be a gap fill for large organizations as many a time one needs additional support on various challenges faced by the organizations. The Virtual CIO Consulting Services and virtual secretarial services allow your organization to utilize the skills and expertise of a proven and successful technology leader without the overhead associated with employing such an individual on a full-time basis.
Virtual CIO Managed Services help them bring the right resource on board and help in bringing the missing critical competency on board. Which can help support short-term, mid-term, and long-term business needs. It may become quite effective from a costing standpoint. Also, we all know that implementing the wrong process technology may impact the organization’s overall growth.
Is CTO Higher Than CIO?
CTO is a person who owns the entire tech-stack of the organization, so S/he is a very tech-focused person who primarily understands various in and out points of data. How is the network being designed, and how much external connection do we have? Any kind of information security footprint are we having in the organization? Any are the weak points of the entry? What kind of people, process, and tool setup has been done to control any hacking?
On the contrary, CIO is technical but more business-focused and looks to use the technology to get desired intervention to achieve the business objective/ vision. He understands the organization’s vision and associated business problems to achieve that business vision, empathizes with business challenges. And partners with other business leaders to solve the business problem using technology intervention. CIO remains in a higher position than CTO as CIO in a way plays a business leader role.
Should a CIO Be Technical?
CIO can also be from business; however, understanding the technology is paramount for a successful CIO. So anyone and everyone who understands the technology, how the data is being generated, retained, used, and destroyed in the organization, how various processes are using the technology, and who understands the optimal use of the technology to solve the business problem would be the right choice for this role.
What Should a CIO Focus On?
CIO should always focus on the business vision, associated business challenges, and how CIO can partner with other business leaders to solve the business problem to achieve the business goal. CIO should not be an order taker or just an executor; he should put his maximum time into innovating the technology footprints in the organization, always propagate the use of the technology in the organization wherever the process is being done manually.
What Are the Benefits of Getting VCIO on Board?
1 – Flexible
This service could be for the short term as well as for the long term. Sometimes while transitioning, doing some strategic project, or needing additional help for a fixed period, a VCIO can come on board; this could also be supplemented a gap in case any senior IT leader had moved out, and the organization is looking for hiring a leader. This service can help in filling the gap and making sure that the business runs as usual.
2 – Cost Efficiency
This can be very cost-effective as well. If you are looking for a leader at your off location, sending a leader from another location might be costly due to other associated expenses.
3 – External Perspective
An external person can also bring an outside-in view to make the problem-solving process much easier and effective.
4 – Time Efficient
In an SMB setup, your internal team can continue to support your business as usual. Any tactical and strategic projects can be supported through this service to make it more effective and impactful for the organization.
5 – Expert Mentoring
VCIO helps in Road map for Application and Infrastructure, designing the IT ecosystem as per the business vision, Driving strategic projects/ programs, Team Management, and Building in-house capability for mission-critical applications.
6 – Cost Optimization
vCIO helps in Budgeting and focuses on cost optimization.
7 – Leverage Vendors
Defined Service Level Agreements and negotiated prices to extract the best from the technology vendors.
8 – Compact Incidents
Documented Business Continuity and Disaster Recovery Plans for faster resolution of impacted operations and IT Policy definition for proactive monitoring of Information assets to avoid incidents.
9 – Catalyze Business
Increased visibility of the value chain and improved yield through optimized processes in sync with the defined business plan to achieve organizational goals.
What Are the Services Provided By a VCIO?
1 – Information Technology Strategy
2 – Information Technology Architecture
3 – Information Technology Operation
4 – Information Technology Governance
5 – Information Technology Budgeting
Virtual Chief Technology Officer Services
In this vicious technology engrossed world, it is no surprise that modern business ventures or organizations need to completely digest the technology into their system to survive regardless of the size and type of these organizations. If these businesses will not pay due diligence to these technological advancements, then it is destined to doom sooner than expected.
Without adequate technological knowledge, any company or business cannot create a competitive edge over its rivals. Honestly, the businesses in their initial stage may not even have the time, resources, or knowledge to envision a technical solution and its implementation, making the rest of their journey even more grueling for the entrepreneurs and the organizations.
So, how can entrepreneurs tackle these issues? For starters, they can invest in VIRTUAL CHIEF TECHNOLOGY OFFICER SERVICES for their businesses; once business people tap into this treasure, they will know how vital these services are for a long healthy life a business.
But first things first, let’s get the basic understanding of what VIRTUAL CHIEF TECHNOLOGY OFFICER SERVICES are? Fundamentally, a chief technology officer is an executive-level service provided by a proficient professional who has the expertise and knowledge of applying technology in relevant areas to attain desired business operations and goals to the maximum. They act as your technical guide who ensures that the current information technology investment is aligned with the business’s objectives, strategies, and direction.
However, a virtual chief technology officer is your typical chief technology officer who works remotely and part-time. You get all the services provided by a CTO but without enormous salaries, thus saving thousands of dollars. So, you pay only for what you need.
Services Provided By Virtual Chief Technology Officer
Let’s discuss what roles and responsibilities a VIRTUAL CHIEF TECHNOLOGY OFFICER have towards your business. Typically, a virtual CTO has the following functions: –
Responsible for investigating relevant emerging technologies to fuel business growth
It is developing future technology that is aligned with the business plan, strategy, and emerging technology.
It provides advice for the current in-use technology that includes an inventory of technology assets.
I am formulating backup plans for valuable data of the business.
We protect assets and data from loss or corruption through security policies preparing Budget information systems to plan for the future.
Guiding business-technology decisions with their industry expertise
Developing long-term hardware and software acquisition
Keeping track of IT Services performance
Information Technology Architecture
I am maintaining a technology-management calendar.
Develop a soundproof disaster recovery plan to recover from the loss of systems or data etc.
Benefits Of Virtual Chief Technology Officer Services
Some key benefits of bringing in a virtual chief technology officer have been listed below: –
Time And Cost-Efficient Investment
Hiring a virtual chief technology officer instead of a conventional in-house CTO will save you a substantial amount of money. You don’t have to go through the money-draining process of recruiting the correct candidate for the job. Since a virtual chief technology officer works remotely and part-time, so you get the concept of “pay only for what you need.” Also, when an expert is taking care of the IT department who has experience in diverse industries over the long course of their career, decisions will be made much swiftly than the business owner who does not have adequate experience and knowledge over the subject matter.
Wide Range Of Expertise And Knowledge
Since these professionals have worked with multiple diversified industries and will be working for other businesses while working for you, they will have the better sense and experience than an in-house CTO who has worked for just a particular industry; consequently, they’ll provide an external perspective to the matters. Having access to such a wide range of industry expertise will result in an optimized and efficient IT ecosystem as per the business needs.
Bringing in a virtual chief technology officer will result in increased productivity of the business since the decisions, strategies, and solutions for a complete IT ecosystem will be taken care of by an expert, which is going to yield optimized business operations and hence ultimately increasing the productivity, performance, and credibility of the business.
Security And Confidentiality Of Data
Since one of the critical functions of a virtual chief technology officer is to prepare and implement an organization-wide information-security plan to protect the confidentiality, security, and availability of data, business’s data will be secured with strong security policies. And also provide the business with a robust disaster recovery plan in case there is a loss of data or system of the business.
Keeping in mind the above benefits, a substantial number of companies out there have started paying due attention to virtual chief technology officers. It’s time that you join in on the drive as well.
How Can We Help?
Concat team has identified this as one of the services and believes that this is one of the musts to have services for any business. we can help our clients to take this service to solve their core IT issues, digital transformation, short-term capacity planning, long term association. Concat provides virtual services in other industry segments, such as Virtual CFO Services and Virtual CMO Services.
Frequently Asked Questions
What is a Virtual Chief Information Officer?
Typically, a chief technology officer is an executive-level professional who has the adequate expertise and skillset for application of technology in all the required areas to achieve expected business operations and goals to the maximum. They act as your technical guiding angels responsible for ensuring that the present information technology application is aligned with the business’s objectives, strategies, and goals.
A virtual chief technology officer is same as general chief technology officer but works WFH and part-time. and a lot more industrial expertise but without the giant salaries spent on them. You follow the concept of paying only for what you need.
What Does a Virtual CTO Do?
A virtual chief technological officer is a highly experienced and skilled technological expert who will take care of the technological facet of the business, will work with you to smoothen out and support IT initiatives, will outline tech strategies and approach according to the business goals, handle technology infrastructure, tools, and teams. Fundamentally, a virtual CTO has the subsequent functions: –
« Developing future technology in line with the business goals, strategy, and emerging technology.
« Assisting with the current in-use technology that includes an inventory of technology assets.
« formulating backup strategies for valuable data of the business.
« Securing assets and data from loss or corruption through security policies
« Forming Budget information systems to strategize for the future.
« Assisting with business-technology decisions with their vast industry expertise
« Building long-term hardware and software acquisition
« Managing IT Services performance
« Information Technology construction
What Does it Cost to Hire a CTO Consultant? Why do I Require the Services of a Virtual CIO?
The salary of a CTO consultant varies, sometimes widely, based upon experience, profitability/longevity/size of the company, industry, peer companies and whether the company is privately or publicly held, among other things. The rates on average for most startup CTOs are between $80 per hour to $160. More experienced cto’s can get rates twice or thrice these rates. In most companies with real CTOs, the base compensation is in the $150-180k range, with exceptions pushing up to $240k or so. So, in an average month, the pay would be between $12,500 and $20,000, on a work load that isprobably in the 240-300 hours per month range, so you are looking at low of $42/hr to a high of $83/hr (according to a CTO employee). With the ongoing technological advancements, it is no longer a choice for the businesses to keep up with these new innovations. The businesses absolutely must cope up with the advancements and get it in your working routine to attract potential clients.
It does not matter whether you are a start-up or a well-established business a CIO is needed for the business to handle the technological aspect of the business since it acts as the backbone of the business. Whether its remote collaborations, payments processing, scheduling appointments, remunerating your employees, developing, and managing content, or even just sending email – your technology is essential. In an already established organization, building a big team to drive the IT strategy for the organization might seem like a rational decision. However, it becomes uneconomical for any small to mid-size organization. If they bring high skilled IT resources, it may cost them a fortune. Virtual CIO Services is offered at a fast pace to any organization regardless of their size. Those organizations need chief information technological services.
The Virtual CIO Consulting Services assist your organization to enjoy and apply the skills and expertise of a successful technology leader without incurring costs associated with employing such an individual on a full-time basis.
Is it Beneficial for Start-ups to Hire a CTO as a Service?
CTO provides the assistance as a technical consultant to focus on technology-driven solutions and envisage the vision, outlining the roadmap and timelines in alignment with your business goals. A start-up needs the technology to introduce the business and the product into market the right way. So, the CTO can turn out to be the game changing element for your business right from day one!
Why Should I Outsource Using Your Virtual CTO?
Concat team has identified this as one of the services and believes that this is one of the musts to have services for any business. we can help our clients to take this service to solve their core IT issues, digital transformation, short-term capacity planning, long term association since concat has tapped into the best technological team in the market as their resource; who are available 24/7 to guide you and provide accustomed solutions for your problems. Concat provides virtual services in other industry segments, such as Virtual CFO Services and Virtual CMO Services.
Do we Need to Arrange a Set-up to the CTO?
That is the plus point of hiring a virtual chief marketing officer, that you do not have to provide any kind of set-up for your virtual chief marketing officer; they have their ow established set-ups since they work from their own establishments.
Can I Afford a CTO?
Building an in-house chief technological officer and its team in your company can cost a fortune for your company specially in their initial stage but that is where virtual chief technological officer comes in between where you get all the expertise in significantly less amount, where you only pay for what you need.