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She never wants to go back! LoL I know this is
totally off topic but I had to tell someone!
what is a cto as a service cto as a service caas stands for the business advisory and technical implementation services provided
by a chief technology officer for a startup a cto is
an executive that meets a startup s technical needs and also coordinates its research and development he or she assesses both the short and long-term requirements
of your business and leverages investment to enable your
startup to achieve its objective the cto reports to the chief information officer cio and in some cases the chief executive
officer ceo or the founder companies that don t have a cto or lack the knowledge of how to hire one can outsource the advisory and responsibilities of a cto to an external expert while the concept of cto
as a service might still be new it is fast gaining momentum what are
the benefits of cto as a service one of the notable benefits of cto as a service is that you only pay for the services
you enjoy this is more like software as a service saas or platform as a
service paas where you pay for cloud facilities you use your startup might not have the financial capability to bear
the cost of hiring a full-time cto even if you do it makes a whole lot of sense to minimize cost and maximize your
profitability by outsourcing your cto roles cto as a service what are the types of
cto services cto types depend on the functions and the collaboration you expect
from a cto complex and technical functions will
require a full-time in-house cto while consulting and advisory services can necessitate hiring a part-time external cto nevertheless we can break cto services into five types full-time internal cto
services one-time cto services full-time internal services a full-time
internal cto services include technical and business support
a full-time cto also offers full-time support in the aspects of business development planning and soft-skills management however you should know that going for this option will attract extra expenses for your
startup for instance office rent hr expenses and miscellaneous expenses will be borne by
you full-time offshore services outsourcing to a full-time offshore cto affords you the privilege of a full-time collaboration while you still pay the
budget cto salaries in this case a specialist becomes an in-house expert
with about 40 hours worked per week remotely
part-time offshore or fractional cto services the cto in this category
works the expected and agreed hours in the contract this option helps you evaluate what services are needed and the time it will take to complete them since it is cost-saving this option is the best when it comes to collaborating with an external cto one-time cto services this option is suitable
for projectized companies the cto focuses on specific duties and processes specialists in the
category are employed to troubleshoot technical areas or perform an audit
interim cto services an interim cto is a technical expert hired to temporarily collaborate with a full-time internal cto and other c-level executives on some technical and business responsibilities the main aim of employing an interim cto is to help you
invigorate your technology and processes and to assist your team
in driving digital transformation cto services by startup growth stage every
startup needs a cto to manage the technical aspect of the business it
is therefore important to define the roles and functions they perform by startup growth stages prototype
the prototype stage or the proof of concept poc is a phase in your startup s
growth where you conduct a test to validate your
idea or product to know how feasible it is for commercialization the role of a cto includes
conducting feasibility studies prepare a document presentation or demo explaining the idea or product discovery phase most startups have brilliant ideas
but lack execution if you fall into this category
you only need to hire a cto to assist you with the discovery phase of your
idea or product some of the responsibilities expected from a cto in this phase
include architecture development save cost several startups need the services
of a cto since they cannot employ a full-time it is cost-efficient to hire a part-time cto you will
enjoy all the services you need at a budget price pay-per-use you don t incur additional expenses when collaborating with an external cto you only pay for the service rendered
this is not so in the case of an in-house cto where you bear all expenses access a large
talent pool outsourcing exposes you to a global talent pool an external cto
also saves you development expenses independency improved agility while
you can build your business using a trial-and-error approach to run your business you might
be signing up for a long trip the input of a cto counts as you get to clarify and
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