In his … Instead, the technical director was the individual responsible for attracting new scientists, to do research, and to develop products. Since technology was becoming a fundamental part of the development for 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. This is where the idea of a CTO focusing on the overarching technology infrastructures originates. The United States Chief Technology Officer (US CTO), also formally an Assistant to the President, is an official in the Office of Science and Technology Policy. On September 4, 2014 Megan Smith was named as the CTO. - Definition from WhatIs.com", "The Role of the Chief Technology Officer in Strategic Innovation, Project Execution, and Mentoring", "Management for the New Millennium-The Challenge of Change. As far as it comes to technology, the Chief Technology Officer is where the buck stops in a company! The role of a CSO in comparison to a CTO would be to protect the network from being penetrated which could lead to privacy and legal issues for the company. How much does a Chief Information Technology Officer make in the United States? [3] The attributes of the roles a CTO holds vary from one company to the next, mainly depending on their organizational structure. [1], A CTO is very similar to a chief information officer (CIO). With more than 20 years of technology experience, Worley most recently served as vice president of solutions for digital transformation for Reston-based defense contractor Science Applications International Corp. SEATTLE, Feb. 11, 2021 /PRNewswire/ -- DigniFi, an automotive financing platform, announced that Kevin Yu has been named Chief Technology Officer. The CTO also needs a working familiarity with regulatory (e.g. 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". [6], In the 1980s, the role of these research directors changed substantially. The Professional Triathletes Organisation has appointed Tim Godfrey as its chief marketing officer . Pyramid Systems, Inc. Feb 24, 2021, 06:30 ET. Share this article. Chief Information Officer of the United States, Chief Technology Officer of the Department of Health and Human Services, "President's Weekly Address Efficiency and Innovation", "Tech Industry Cheers as Obama Taps Aneesh Chopra for CTO", "Top Technology Official Leaving the White House", "Not Everyone is Happy with Obama's Pick for Deputy CTO", "White House names Google's Megan Smith the next Chief Technology Officer of the United States", "Adviser Guides Obama Into the Google Age", "White House Names Ed Felton Deputy Chief Technology Officer", Executive Office of the United States President, Corporation for National and Community Service, Initiative on Asian Americans and Pacific Islanders, President's Council of Advisors on Science and Technology, Committee for the Preservation of the White House, Office of E-Government and Information Technology, Office of Information and Regulatory Affairs, Office of Faith-Based and Neighborhood Partnerships, Office of Social Innovation and Civic Participation, https://en.wikipedia.org/w/index.php?title=Chief_Technology_Officer_of_the_United_States&oldid=1011652108, Science and technology in the United States, Creative Commons Attribution-ShareAlike License, This page was last edited on 12 March 2021, at 02:04. A chief technology officer (CTO), who oversees the technology plan for a large organization, may need more than 15 years of experience in the IT field before being considered for a job. [5], At that time, the director of the laboratory was a corporate vice president who did not participate in the company's corporate decisions. The team works closely with others both across and outside government on a broad range of work to upgrade government capability including using applied technology to help create jobs, creating paths to improve government services with lower costs, higher quality and increased transparency, helping upgrade agencies to use open data and expanding their data science capabilities, improve quality and reduce the costs of health care and criminal justice, increase access to broadband, bring technical talent into government for policy and modern operations input, improve community innovation engagement by agencies working on local challenges, and help keep the nation secure.[2]. To fulfill the role of a company's CTO, a person must meet many qualifications such as the following: bachelor's degree, master's degree, certifications, years of experience within the relevant field, and technology-related management skills. Kevin Worley Joins Pyramid Systems as Chief Technology Officer News provided by. This position was created within the Office of Science and Technology Policy by President Barack Obama.The U.S. CTO helps the President and their team harness the power of data, innovation and technology on behalf of the American people. Lonas will lead all aspects of Trulioo’s technology development, ensuring the adaptability of technologies around data, privacy, security and the complex and expanding ecosystem of identity verification. 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. PTO taps gaming sector with arrival of Balestra as chief technology officer . [9], As technology has become essential in the business world, new positions continue to arise. Understanding the critical chief security officer role", "Top 79 Chief Technology Officers - Tenfold White Papers", "The Role of the CTO, four models for success", "The CTO and Organizational Power and Influence", List of business and finance abbreviations, https://en.wikipedia.org/w/index.php?title=Chief_technology_officer&oldid=1011343341, Articles needing additional references from August 2017, All articles needing additional references, Беларуская (тарашкевіца)‎, Creative Commons Attribution-ShareAlike License, This page was last edited on 10 March 2021, at 11:17. New Spoonflower Chief Technology Officer, Ram Kulkarni, Brings E-Commerce, Analytics and Platform Engineering Experience to Growth-Minded … Martin Ross ... PTO names SailGP’s Godfrey as its first chief marketing officer. [10], Executive-level position focusing on scientific and technological issues, Learn how and when to remove this template message, "What is Chief Technology Officer (CTO)? The number of years of experience required varies with the organization. [2] According to a 2018 report from the InfoSec Institute, CTOs in the financial sector earn around $200,000, while e-commerce CTOs earn around $76,000. [7], This all led to the creation of the position of Chief Technology Officer by large companies in the late 1980s with the growth of the information technology industry and computer (internet) companies.[4]. U.S. Food and Drug Administration, Environmental Protection Agency, Consumer Product Safety Commission, as applicable) and intellectual property (IP) issues (e.g. Share this article. Henrico County-based real estate investment company Capital Square announced Tuesday that Jeffrey Blount has been named the company’s chief technology officer. A CTO, may additionally interact with a newer position, a Chief Security Officer (CSO), or more accurately referred to as Chief Information Security Officer. [4], In the United States, the average salary for a CTO ranges between $130,000 and $195,000 per annum depending on the company's sector. As chief technology officer at Trulioo, Lonas will oversee improvement of core products, while maintaining long-term innovation and operations. 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. 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). After leaving the role vacant for two years, President Trump named Michael Kratsios as US CTO in May 2019, and he was unanimously confirmed by the United States Senate on August 1, 2019. The U.S. CTO helps the President and their team harness the power of data, innovation and technology on behalf of the American people. The United States Chief Technology Officer (US CTO), also formally an Assistant to the President, is an official in the Office of Science and Technology Policy. Companies are thinking differently about digital transformation. [1] This position was created within the Office of Science and Technology Policy by President Barack Obama. [2] CTOs will make decisions for the overarching technology infrastructure that closely align with the organization's goals, while CIOs work alongside the organization's information technology ("IT") staff members to perform everyday operations. Prior to joining Capital Square, Blount served as virtual chief information officer at Glen Allen-based office IT services and equipment supplier Cobb Technologies. [8] The role became prominent with the ascent of the 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). patents, trade secrets, license contracts), and an ability to interface with legal counsel to incorporate these considerations into strategic planning and inter-company negotiations. 6 Jan 2021. 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". “Jeff, who built Capital Square’s technology systems … The CTO is the head of all the technological requirements in the company and focuses on both the long-term and short-term tech needs that will help the company reach its objectives and remain profitable. Aneesh Chopra was named by President Obama as the nation's first CTO in April 2009, and confirmed by the Senate on August 7, 2009. [2] A CTO should be aware of new and existing technologies to guide the company's future endeavors. [2], After World War II, large corporations established research laboratories at locations separate from their headquarters. Fairfax-based tech company Pyramid Systems announced Wednesday it has hired Kevin Worley as chief technology officer and head of technology operations. Chopra resigned effective February 8, 2012, and was succeeded by Todd Park, formerly the CTO of the Department of Health and Human Services. A chief technical officer (CTO), sometimes known as a chief technology officer or chief technologist, is an executive-level position in a company or other entity whose occupation is focused on the scientific and technological issues within an organization. The corporation's goals were to hire scientists and offer them facilities to conduct research on behalf of the company without the burdens of day-to-day office work. Tom King, Asia Office. A chief technical officer (CTO), sometimes known as a chief technology officer or chief technologist, is an executive-level position in a company or other entity whose occupation is focused on the scientific and technological issues within an organization.. A CTO is very similar to a chief information officer (CIO). All executive positions relating to technology must collaborate within companies to have the best working infrastructure and will report to the CEO. What is the Chief Technology Officer? (One Point of View)", "How to Become a Chief Technology Officer", "What is a CSO? Stimulus checks could be coming ‘as early as this weekend’ after Biden signs COVID relief package into law
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