Contrast With Chief Information Officer (CIO)
The focus of a CTO may be contrasted with that of a CIO. A CIO is likely to solve organizational problems through acquiring and adapting existing technologies (especially those of an IT nature), whereas a CTO principally oversees development of new technologies (of various types). Many large companies have both positions.
Another major distinction is between technologies that a firm seeks to actually develop to commercialize itself vs. technologies that support or enable a firm to carry out its ongoing operations. A CTO is focused on technology integral to products being sold to customers or clients, while a CIO is a more internally oriented position focused on technology needed for running the company (and in IT fields, for maintaining foundational software platforms for any new applications). Accordingly, a CTO is more likely to be integrally involved with formulating intellectual property (IP) strategies and exploiting proprietary technologies.
In an enterprise whose primary technology concerns are addressable by ready-made technologies (which, by definition, is not the case for any companies whose very purpose is to develop new technologies), a CIO might be the primary officer overseeing technology issues at the executive level. In an enterprise whose primary technology concerns do involve developing (or marketing) new technologies, a CTO is more likely to be the primary representative of these concerns at the executive level.
Read more about this topic: Chief Technology Officer
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