Категория: Software development

There are thousands of cryptocurrencies in the modern crypto space, so exchanges with appealing commissions and a broad range of features don’t lose their relevance as innovative business projects. NFT marketplaces are popular due to the growing volume of NFT circulation and all-in-one functionality for minting, selling, and storing NFTs. An NFT marketplace is a winning startup for any business because of the hyping NFT technology. Crypto investments are also gaining momentum as a new form of wealth management. You’re sure to attract forward-thinking crypto users and build a loyal customer base by building an investment platform with blockchain functionality.

Blockchain developers are the architects of the Web3 world, building the infrastructure layer that lays down the foundation of Web3. Blockchain Developers in the United Kingdom have a reported yearly wage of £55,115. Working in IT since 2014, I have a background in IT sales and marketing. Passionate about all things tech, I сover a wide array of topics on business and startups, web and mobile development, IoT, blockchain, AI and machine learning, etc. Evan Faggart, Senior Editor of Bitsonline, shared with us a subreddit where employers can list job openings, and prospective workers can market their skills to employers looking for new hires.

How to Hire a Blockchain Developer: A Complete Guide

It was so much faster and easier than having to discover and vet candidates ourselves. We needed a expert engineer who could start on our project immediately. Not having to interview and chase down an expert developer was an excellent time-saver and made everyone feel more comfortable with our choice to switch platforms to utilize a more robust language. Find out about their work experience and how they contributed to those projects, focusing on the skills needed for the job.

• BitcoinTalk is another online community that can help you find blockchain developers.
• It is always updated, cannot be corrupted or deleted, and it makes things secure.
• Due to the shortage of talent in the global market, it can be hard to find blockchain developers that add value to your organization.
• If you have a blockchain project in mind, feel free to contact us.
• Bitcoin remains somewhat mysterious because it was founded anonymously as open-source software.
• If this is your case, then you need to find a developer in this field.

Full-time developers are best suited for continuous, long-term projects, whereas freelancers are more adaptable and good for short-term or specialized work within a project. Hiring a blockchain developer is more than just filling a position. Blockchain technology is a quickly changing sector, and bringing in the proper specialists may make or break your endeavors. Blockchain developers contribute creativity, security, and efficiency to your projects, ensuring that they achieve their full potential. Courses vary from massive open online courses (MOOCs), to traditional university lectures, as well as privately run boot camps that aim to quickly get students up to speed.

DevTeam.Space is a vetted community of expert dev teams supported by an AI-powered agile process.

It was the first year that blockchain has been at the top of the list, let alone being on the list at all. Another option is a dedicated team, which can work from an overseas location but be exclusively committed to your project. Dedicated teams work together, which removes the time difference and communication hurdles. Schedule a meeting with our Blockchain expert & Managing Partner to discuss your project milestones, budget, and technical requirements. Move-to-earn apps are only starting out as a new dApp category, with several successful projects known thus far. You can diversify the product offerings in this niche by launching a functional and fun move-to-earn dApp for fans of an active lifestyle.

It was also easy to extend beyond the initial time frame, and we were able to keep the same contractor throughout our project. We definitely recommend Toptal for finding high quality talent quickly and seamlessly. Vidor is a Computer Science Ph.D. candidate actively doing research and development in the blockchain space with a focus on Tendermint, Ethereum, and Hyperledger. Vidor has strong business English and years of remote-working experience. Blockchain developers are needed to build secure and efficient financial solutions. They are also needed to create systems that protect sensitive information from breaches and unauthorized access.

How Technology Is Enabling New Ways of Writing

With the increasing prevalence of blockchain technology across industries, hiring skilled developers becomes even more critical. Furthermore, navigating legal and ethical considerations is vital to ensure compliance and maintain ethical business practices when utilizing blockchain technology. This includes clarifying intellectual property rights, addressing data privacy and security concerns, and considering the ethical implications of blockchain applications. While mobile app development is its primary focus, it has considerable blockchain expertise too. Space-O Technologies have an impressive track record of delivering software development projects successfully. You need to create a profile for your organization on this website and post your job.

While searching on Google, use Boolean operators like “AND,” “OR,” and “NOT” to refine your search. For example, “Blockchain developer” AND “Solidity” will show results related to Blockchain developers with experience in Solidity. With thousands of professionals and technical experts, it’ll be easier to look for a Blockchain developer that fits in your team. Blockchain was created as a public ledger to record all Bitcoin transactions in a transparent, secure, and immutable way. Its primary purpose was to serve as the underlying technology for Bitcoin, a digital currency designed to enable peer-to-peer transactions without the need for intermediaries like banks. If you’re looking to hire a Blockchain developer through a dedicated approach, feel free to contact us.

What to Look For in a Blockchain Engineer

This simply would not have been possible via any other platform. Our developer communicates with me every day, and is a very powerful coder. As a small company with limited resources how to hire a blockchain developer we can’t afford to make expensive mistakes. Toptal provided us with an experienced programmer who was able to hit the ground running and begin contributing immediately.

Many blockchain programmers work remotely, therefore, they register on this popular platform. As a result, many blockchain developers might see your job posting. If you’re an avid GitHub user, you can easily hire blockchain developers from there since their work is already on display for you to see their expertise. You can also hire blockchain developers by looking through online communities of blockchain experts, such as Reddit, BitcoinTalk, and StackExchange. While mobile app development is his main focus, the company also has significant experience with blockchains.

Flipkart’s Brand New Office Video Will Blow Your Mind and Make You Want To Quit Your Job

In the early 2000s, Satoshi Nakamoto wanted to create a currency that could be signed without any central authority. One issue to solve was how to decide if a transaction happened and in which order it occured in the timeline. This problem, known as distributed consensus, cannot be solved in all cases. But a digital currency is just one particular case, and Nakamoto was able to solve it. Some projects may involve multiple blockchains or require interoperability between different frameworks.

Space-O Technologies has an impressive track record of successful software development projects. When hiring a blockchain developer, you must ensure that the candidate is a perfect fit for your project goals. The best (and last) chance to check it out is the job interview, after which you typically make a job offer.

Hire Blockchain Developers in Mumbai:

Present them with real-world blockchain-related problems or scenarios and ask them to propose solutions. Examine their GitHub activity, including the frequency of contributions, and participation in open-source blockchain projects. Code completion tasks assess a candidate’s understanding of syntax and their ability to write correct and well-formed code.

Rather than a repair person needing to invoice for services days later, they can take payments on site with a payment solutions platform like Xplor Pay, said Matthew Morrow, CRO of Xplor Pay. Having spent the last 20 years immersed in the world of financial and payables processes, my career has almost come full circle. Efficient, high-functioning payment solutions on platforms answer a growing need in the market.

BNPL transactions have soared in Europe, and the US BNPL market will likely follow suit over the next few years. In the UK, BNPL accounts for roughly 5% of online transactions, while in Sweden it makes up 23% of all transactions online. The report cites a survey that found that more than 80% of banks offer clients the ability to use their own enterprise resource planning (ERP) systems to access accounts and make payments to suppliers or vendors — or plan to offer it. While it wasn’t part of the original design, it’s made to function and feel as if it were.

….And more impulse purchases

As the CEO of a company offering virtual cards, I’ve seen a number of companies streamline their employee procurement process, control spending limits and easily track and reconcile charges without manually reviewing every purchase. Embedded fintech provides a way for financial institutions to offer a wider range of services, engage their customers, and deliver more value. Historically, if a bank wanted to offer a new product, say a new type of investment or a different type of loan, they would need to spend months, if not years, developing, building, and launching a new product. With the rise of embedded fintech, they can embed these offerings in their current products.

But when payment and SaaS are integrated into one platform, those steps can be automated. Embedded finance can help here by removing the manmade mistakes of miskeys and more. When large sums of money are moving from one business to another, accuracy is critical. One number is all it takes for the wrong amount to be paid out, or the right sum to reach the wrong account. Financial institutions could migrate to a new digital core system upon which to build this new platform, but in the short-term, few will.

What are embedded payments?

Many businesses are trying to regain consumer confidence in the aftermath of the pandemic. Brand loyalty fell from 65% to 49% during the first nine months of 2021, according to research from Omnicom Media Group. Providing a faster, smoother checkout experience with increased rewards helps bring this loyalty back up to previous levels. Natively building and managing the infrastructure required to bring embedded payments in-house can come with a significant amount of risk and cost. Connect, often used in conjunction with other Stripe embedded finance solutions, is a way for platforms to benefit from embedded payments, without the workload and liabilities of building everything in-house.

These are growing in popularity as businesses acknowledge that the expectations of B2B buyers are rising quickly based on their experiences as consumers. Banking is a very old business model and many current banks still have deep roots in the past. Some have made steps towards digital reinvention – influenced in part, no doubt, by the challenge posed by fintechs. For businesses without a BaaS provider, the time, effort, and risk of developing and maintaining a native version of the same service would be too much of a barrier. Qualifying for regulatory certification alone would be both excessively expensive and time-consuming.

Oracle and Mastercard Enable Customers to Get Faster Access to Working Capital

Embedded finance is relatively new, so it’s natural to wonder why your customers would want it. Goldman Sachs has taken strategic bets across the value chain, including cementing itself as the banking partner for Apple Card and a partner for Stripe Treasury, while also fielding its own distribution through Marcus and MarcusPay. By 2026, platform revenue will more than double to $14 billion, with take rates remaining largely flat.

• Your brand is always front and center—with customization options for our dashboard, onboarding, and subdomains—and is backed by our world-class support and sophisticated, reliable payments APIs.
• Many businesses have transitioned away from face-to-face transactions to online and in-app sales with embedded payments.
• This will give platforms plenty of choice to curate partnerships that suit their needs.
• The desire for increased access to these services is only going to grow, he said.
• Like all new concepts, for those just becoming acquainted with the idea, it can be challenging to get a grip on what this term means.
• Some are providing just-in-time funded debit cards for gig economy workers to use when making purchases for members of delivery-service platforms.

Connect, Stripe’s core payments software, is an easy and flexible way for platforms to quickly enable their users in 35+ countries to accept payments within their platform and receive payouts in minutes. CGI brings four decades of deep expertise and industry knowledge to the payments sector. The breadth of the company’s offering, including consulting services and solutions, enables CGI consultants to support clients from strategy definition to solution design and implementation, to systems integration and operational support.

Unit’s approach to embedded finance

The most important qualities to look for in a BaaS provider are transparency and expertise. Seek a provider with deep finance industry connections, and that will allow you to contact your bank partner directly. By embedding financial services into established buyer journeys, many new revenue streams have already been established. Additional revenue streams are likely to continue popping up as companies find new and creative ways to add value through embedded finance.

Embedded insurance at the in-store checkout is nothing new, but fintech has facilitated its spread to digital marketplaces. Embedded insurance allows users to purchase insurance on online purchases at the point of sale. It’s offered when and where people need it, with no need for a separate engagement with an insurance company or agent—and sometimes with multiple competitive options. Embedded investing allows non-investment service companies to offer investment options that enhance customer experience and open additional avenues of revenue for companies. Traditionally, investing required consumers to open a new account with a legacy financial institution, like Fidelity or Goldman Sachs.

How to offer embedded finance products and services

Using Plaid Transfer, companies can seamlessly offer embedded payments by authorizing customers, analyzing risk, and moving money with a single API. In both examples, embedded banking is designed to increase platform loyalty through a convenient user experience and special rewards. When a Lyft driver has a Lyft checking account that gets them paid embedded payments trends faster, it’s less likely they’ll also drive for Uber. To name one recipe for success, life science-focused software provider Veeva is adding services that help healthcare salespeople and administrative staff, not just nurses and clinicians. Its recent acquisition of healthcare events management and payment company Physicians World is a harbinger.

This article focuses on embedded payment solutions, often the first rung on the embedded finance ladder for software companies interested in marketing integrated financial services to their customers. Simply put, embedded payments are the money movement functionalities within a bank that have been exposed to upstream applications (e.g., the mobile app or bank website) that enables the user to transact. The real value occurs once the bank layers in the ability for external third parties, like Fintech companies or new economy digital players (e.g., Uber, GrubHub, etc.) to take hold of those functions and embed them in their user experiences. For example, embedded payments allow individuals to connect and save payment methods for later use, at just one click of a button. From the user’s perspective, the payments are invisible, as they don’t have to think about it.

Embedded finance use-case examples for business payments

Adyen for Platforms allows you to easily embed payments into your platform or marketplace with our out-of-the-box solution or a fully customizable setup. Our ever-evolving technology helps your users sign-up, sell, and get paid in one place. We’ll cover what you need to know about embedded payments, https://www.globalcloudteam.com/ how they work, and what they can do for your business. By keeping abreast of these emerging trends and innovations—from the foundational elements to the customer experience and beyond—brands can adapt their credit card integration strategies to meet evolving consumer expectations.

The W3C intended XHTML 1.0 to be identical to HTML 4.01 except where limitations of XML over the more complex SGML require workarounds. Because XHTML and HTML are closely related, they are sometimes documented in parallel. In such circumstances, some authors conflate the two names as (X)HTML or X(HTML). Web browsers receive HTML documents from a web server or from local storage and render the documents into multimedia web pages.

It is often assisted by technologies such as Cascading Style Sheets (CSS) and scripting languages such as JavaScript. With its new semantic elements, expanded form options, format-independent video tag, and more, HTML5 is revolutionizing how developers build web pages. We can now watch videos without being asked to update Flash or download another software. We can have the same great experience on a site whether using a cellphone, tablet, or Smart TV — and more. By carefully following the W3C’s compatibility guidelines, a user agent should be able to interpret the document equally as HTML or XHTML.

“Thoughts on Flash”

Browsers don’t display the HTML tags but used to render the content of the page. It describes the structure of HTML pages or web pages using Markup.HTML was created by Tim Berners-Lee in 1991, who is also the founder of the World Wide Web. Before HTML5, you needed browser plugins to embed audio and video content into web pages.

However, W3C will still participate in the development process of HTML. HTML5 offers a wide range of benefits over previous versions of HTML — some of which we’ve mentioned https://www.globalcloudteam.com/ briefly above. Let’s take a closer look at just a few reasons why HTML5 is so special. Each of these objectives informed the changes in this new version of HTML.

WebM Video Format

Some features that might have slowed down the standardization of HTML5 were or will be standardized as upcoming specifications, instead. With HTML5’s new semantic elements, you can create cleaner and more descriptive code bases. Before HTML5, developers had to use a lot of general elements like divs and style them with CSS to display like headers or navigation menus. A lot of divs and class names that made the code more difficult to read. Think of how useful this would be if your website included stock prices, news feeds, Twitter feeds, and so on. Server-sent events were supported in the previous version of HTML, but the web page would have to repeatedly request it.
Although the “5” has been dropped from the official name, there’s a general perception that the current HTML version, which followed HTML4, is for all practical purposes HTML5. When the newer version was first introduced, it was officially referred to HTML5, and that label has stuck throughout its history. It is this version that gave rise to the modern web as we know it today. The HTML standard has been officially dubbed the “HTML Living Standard” by the Web Hypertext Application Technology Working Group (WHATWG), a consortium of individuals and organizations that maintain the HTML specification. The group describes HTML as a “living standard” because it is continuously being updated based on feedback from developers, vendors and other interested parties.

The HTML Living Standard, which is developed by WHATWG, is the official version, while W3C HTML5 is no longer separate from WHATWG. Any modern site should use the HTML doctype — this will ensure that you are using the latest version of HTML. Visit Mozilla Corporation’s not-for-profit parent, the Mozilla Foundation.Portions of this content are ©1998–2023 by individual mozilla.org contributors. Blockchain is a record-keeping technology designed to make it impossible to hack the system or forge the data stored on it, thereby making it secure and immutable. HTML5 helped solve many compatibility issues inherent in HTML4, which required proprietary APIs or plugins such as Flash and Silverlight. These issues often explained why a webpage built and tested in one browser might not load correctly in another browser.
Additional JavaScript or CSS3 is necessary for animating HTML elements. Animation is also possible using JavaScript and HTML 4[124][failed verification], and within SVG elements through SMIL, although browser support of the latter remains uneven as of 2011[update]. In 1999, the year after HTML4 was released, the W3C decided to stop working on HTML and instead focus on developing an XML-based equivalent called XHTML. Four years later, there was a renewed interest in evolving HTML as people began to realize the deployment of XML relied entirely on new technologies like RSS. Let’s walk through the process of building this file line-by-line so you can create an HTML template for your web projects. Programmers are quick to dismiss these foundational languages — here’s why.

Tim Berners-Lee invented HTML in 1989 and officially introduced it to the world in the early 1990s. In late 1994, he founded the World Wide Web Consortium (W3C), which took over the HTML specifications. After several years of working on the specifications, the W3C switched its focus from HTML to XHTML. Adobe is also readying Edge, a dedicated HTML5 animation tool that promises to make it easy to create Flash-style animation. Although Adobe has announced that it will stop developing the Flash Player for mobile devices Flash is also used for considerably more than just showing video, so it’s not going anywhere in a hurry. All of the big name browsers – Internet Explorer, Edge, Firefox, Chrome, Safari and Opera, Mobile Safari and Android’s browser – support HTML5, but they don’t all support the same things.
Feel free to read more about the problems with the placeholder attribute. HTML5 was designed to cut out the need for those non-standard proprietary technologies. With this new version of HTML, you can create web applications that work offline, support high-definition video and animations, and know where you are geographically located. HTML5 is commonly thought to be the fifth version, or release, of the Hypertext Markup Language (HTML), a standardized descriptive language that specifies how to structure webpages.

• Markup is HTML tags such as opening and closing tags with text inside them by which we can format the text, put hyperlinks, images etc.
• You should have a basic work environment set up (as detailed in Installing basic software), and understand how to create and manage files (as detailed in Dealing with files).
• Those are the main changes necessary to translate a document from XHTML 1.0 to HTML 4.01.
• While the W3C wanted to publish a finished version of HTML5, the WHATWG wanted to publish and continuously maintain a living standard for HTML.
• Before HTML5, you needed browser plugins to embed audio and video content into web pages.

A well-formed XHTML document adheres to all the syntax requirements of XML. A valid document adheres to the content specification for XHTML, which describes the document structure. Those are the main changes necessary to translate a document from XHTML 1.0 to HTML 4.01. To translate from HTML to XHTML would also require the addition of any omitted opening or closing tags. Whether coding in HTML or XHTML it may just be best to always include the optional tags within an HTML document rather than remembering which tags can be omitted.

XHTML 1.0, ported this specification, as is, to the new XML-defined specification. Next, XHTML 1.1 takes advantage of the extensible nature of XML and modularizes the whole specification. XHTML 2.0 was intended to be the first step in adding new features to the specification in a standards-body-based approach. ] HTML specifications lies in the distinction between the SGML-based specification and the XML-based specification. The XML-based specification is usually called XHTML to distinguish it clearly from the more traditional definition. However, the root element name continues to be “html” even in the XHTML-specified HTML.

Rather the X in XML stands for extensible and the W3C is modularizing the entire specification and opens it up to independent extensions. The primary achievement in the move from XHTML 1.0 to XHTML 1.1 is the modularization of the entire specification. The strict version of HTML is deployed in XHTML 1.1 through a set of modular extensions to the base XHTML 1.1 specification.
This continued until May 2019, when the W3C and WHATWG announced that they had signed an agreement to collaborate on the development of a single version of the HTML specification and Document Object Model (DOM) specification. We’ve come a long way since HTML could barely handle a simple page layout. HTML5 can be used to write web applications that still work when you’re not connected to the net; to tell websites where you are physically located; to handle high definition video; and to deliver extraordinary graphics. If you want a more detailed breakdown of the different versions of browsers that support HTML5, check out Caniuse.com. To get into the chatbot development, you’ll need to have a good command of these programming languages.

It is maintained by the Web Hypertext Application Technology Working Group (WHATWG), a consortium of the major browser vendors (Apple, Google, Mozilla, and Microsoft). Using HTML4, you’d need Flash, Silverlight, or another technology to add scalable vector graphics (SVGs) to your web pages. With HTML5, you can add vector graphics directly in HTML documents using the tag. You can also draw rectangles, circles, text, and other vector-based paths and shapes using this new element. Below is an example of a circular shape created using the SVG element.

Besides making critical decisions alongside other company leaders, a CTO must develop policies regarding technology so that organizations run smoothly. A well-versed CTO is knowledgeable in roadmapping & development, innovation, leadership, strategic planning, AI, machine learning, cloud, DevOps, and budgeting, amongst other skills and technologies. The tech team lead already knows how to interact with their teams and manage them. Above that, R&D leaders are supposed to interact with stakeholders, albeit not on a daily basis, so the business side is partially covered.

The Chief Technology Officer and Chief Operating Officer are senior-level company Executives who operate on the same level, but they have different areas of focus. The main difference between a Chief Technology Officer and a Chief Operating Officer is that the Chief Technology Officer focuses specifically on how IT software and related technologies influence company operations. The CTO title has been in use for over 10 years, but there is still confusion about the role and how it differs from the CIO.

What does a CTO do for a business?

The CTO is a vital executive role focused on developing long-term technology goals, staying abreast of industry tech trends, and working with other executives on a company’s direction. While not every company needs a CTO, this role can enhance the alignment between a product or service’s strategy and a company’s technology strategy. CTOs typically need at least 10 years of experience in IT and cloud service cto responsibilities management. They usually start in entry-level roles in technical support, development and programming, database and network administration or engineering. After several years, they typically enter a management or leadership role, where they get the necessary leadership skills. Since CTOs need knowledge of every department role, experience in several different technology positions is valuable.

See below for detailed information on the average chief technology officer salary. On a typical day, a Chief Technology Officer starts by reviewing their email and voicemail to check for any missed messages from executives, company stakeholders or managers. They meet with executives to discuss the company’s current financial stability, business opportunities and other news. They also meet with operations personnel and IT Managers to strategize ways to implement new technology systems throughout the company. Although there is overlap between the two positions, since both deal with IT, CTOs generally look outward, using technology to improve the company’s customer experience—the use of the goods and services.

The Infrastructure Commander

As a senior executive focused on an organization’s technical requirements and challenges, the CTO’s role can be similar to that of the CIO. The chief technology officer (CTO) is the senior executive who focuses on the technological requirements, opportunities, and challenges within an organization. The CTO role has emerged as a key player in the enterprise C-suite, especially with digital transformation being such a high strategic priority for so many organizations. Chief technology officers are executive leaders who design and oversee technology strategies, procedures and practices.

• This will help delegate tasks and decide on further steps properly.
• This means attending conferences to not only learn more about important technology news, but also to represent the company’s technology initiatives within a certain market.
• What’s more, CTOs need to create an environment that fosters innovation, creativity and collaboration.
• Here’s what to know about a CTO’s needed skills, salary and how to become one.
• Generally, the more years of experience and knowledge in an industry, the higher your chances of reaching a C-suite position.
• Meanwhile, CTO’s with more than two decades of experience in the position received an average wage of around £124,000.

Either way, here’s an alignment of tasks to give you a clear distinction. While the exact form these roles take depends on a company’s size and position in their industry, the right CTO is one of the most important hires for your business. Use this CTO https://www.globalcloudteam.com/ job description framework to craft a customized tool for finding the best candidates for your organization. Although a four-year or advanced degree will lay the foundation for the CTO role, future CTOs will have to work their way up the IT ranks.

What is the difference between a Chief Technology Officer and a Chief Operating Officer?

Amid the alphabet soup of C-roles, is the CTO title destined to be pushed out and fade away forever? Because companies still need an executive whose job it is to keep an eye on the technology horizon and ensure the organization stays current, relevant and, ideally, ahead of the pack. Generally, a chief technology officer has a degree in computer science or engineering, has a strong knowledge of software architecture, design, and programming. Since a CTO should solve engineering problems, a solid development background is required. This executive will improve a business’ products and services that focus on external customers by making the most of technology and developing a number of procedures and policies.

CTOs, on the other hand, preside over the overarching technology infrastructure. This includes developing marketable technology, suggesting new technologies to implement, interacting with external buyers and budgeting. CIOs primarily work with a company’s IT staff as a managing leader. They are typically in charge of discovering and analyzing how technology processes affect the business, as well as identifying potential areas of improvement. CTOs play an important role in the C-suite, as they are often in positions that enable them to embrace newer and innovative technologies and help steer organizations toward better efficiency and performance by adopting new tools. 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.

Recommended Resources

Another leading technical role often confused with a CTO is the technical director. First things first, a TD is not strictly a software development title. This is a role of someone who provides technical support, manages production teams, and serves as the main tech expert for the team to refer to. In smaller teams, a CTO can overlook all tech decisions and management. A Chief Technology Officer (sometimes called Chief Technical Officer) is the most skilled technology person in the company. If it’s a tech startup, a CTO is usually a cofounder, the main thinker behind the product.

You must stay on top of the latest trends and gain valuable time on the job. CTOs need at least a bachelor’s degree in computer science, information systems, or a related field, according to Indeed. Many CTOs have at least a master’s degree, and some even have PhDs in IT or business administration fields. Knowing how technology works is crucial, but it’s also important to be able to explain the business value of a particular technology to C-level colleagues who might not be technically inclined.

Chief Technology Officer Career Path

The CIO focuses distinctly on IT and ensures those issues are in line with company goals. The CTOs of yesteryear tended to be geeks (in the most complimentary sense of the word). The prototypical CTO had a technology engineering background and battle-hardened experience in the trenches of various IT implementations. But I predict that the skill set of future CTOs will be somewhat different. While a company’s technical visionary certainly needs to have a grasp on what makes technology tick, tomorrow’s CTO is likely to be less hands on and more theoretical.

Chief technology officers oversee technology or engineering departments and often report to the CEO. As high-ranking tech executives, they collaborate with executive leaders in various departments to ensure teams across the company are following technology strategies and standards. Which style best suits a given company bears some relation to the kind of industry the company is in. Enablers are more managerial, tasked with driving efficiencies in multi-business-unit organizations with a high degree of overlap in technologies and projects among the business units. We believe that a major reason for this lack of preparation is that many companies today have no one on the executive team who owns the responsibility for navigating these shifts.

CTO vs. CIO

Helpful courses exist that can help you become a better leader, however. The best way to hone your leadership skills is through experience. Management and leadership roles are the best steppingstones to obtaining the CTO role in an organization. A wealth of knowledge in technology will increase your probability of one day leading the technology department in an organization. Depending on the industry to which your company belongs, it might be best to focus on technology that influences your industry.