Virtual CTO: Shaping Tech Strategy Efficiently Without Full-Time Commitment

As practice shows, it is not enough to hire experienced developers for the successful completion of a project.

Along with choosing the right technology stack, they should also have a detailed roadmap that will help them move through the project without downtime or delays. To solve all these problems, you will need one more C-level specialist. Below, we will talk about who this is and how you can make this hiring cost-effective.

We Know Who You Need

In short, you need a CTO, or Chief Technology Officer. This specialist is responsible for everything that we listed above and even more: 

• Selecting technologies and tools that are “in tune” with your business goals and budget

• Analyzing competitive solutions

• Motivating and improving the skills of technical specialists

• Determining the scope of work

• Dividing the project into subtasks and assigning them to individual team members 

• Presenting the project to stakeholders

• Selecting the highest priority features of the solution for MVP development, and so on

Ultimately, this list depends on what requirements you have for a specialist holding this position.

At the same time, given the wide range of responsibilities and, as a result, the need for expanded expertise, hiring an expert with the CTO skills that you are looking for can cause a big hole in your budget – after all, truly good professionals are always in great demand, and those who are able to occupy this position are often already involved in other projects.

Virtual Services as a Cost-Effective Alternative to Local Hiring

If cost efficiency while expanding your team is a priority, you can pay attention to an alternative option – virtual CTO services. In particular, the CTO as a Service cooperation model implies remote interaction with a specialist on an agreed schedule or upon request. 

At the same time, by choosing a CTO as service, you get all the same advantages as with in-house employees, avoiding the disadvantages typical to local hiring: limited talent pool, high rates, bureaucratic fuss, taxes, workplace organization, and much more. And, of course, it’s worth noting that by resorting to a virtual CTO service, you get the opportunity to fill an empty vacancy with a specialist with the required CTO skills in a matter of days instead of the average month or two, like with the local hiring.

Final Thoughts

Now, you know the answer to the question: “What is CTO in business?” and can start looking for a suitable specialist for this position. However, you will first need to determine the list of CTO qualifications – only this approach to hiring will ensure that all your business needs are covered. In particular, you can contact us, and we will select an expert who fully meets your CTO requirements and who will lead your project to