Chief Technology Officer
Chief Technology Officer
The Chief Technology Officer CTO is primarily responsible for driving the development and implementation of new technologies, products, and services.
They focus on the organization's technical vision and strategy, ensuring that the company remains at the forefront of technological advancements and innovation. The CTO works closely with product development teams, researchers, and engineers to create cutting-edge solutions that give the organization a competitive advantage in the marketplace.
Objectives
- Technology innovation
- Business transformation
- Leadership and management
- IT operations
- IT transformation
- Optimization of IT infrastructure
- Business operations
Challenges
- Legacy technology
- Data integrity and systems gaps
- Skills gaps
Open Source Engagement
The CTO is responsible for identifying and implementing innovative technologies. They should therefore recognize the value of OSS in fostering collaboration, driving cost-efficiency, and promoting adaptability.
They should be actively assessing and evaluate open source solutions to meet the organization's needs, ensuring compatibility with existing systems, security, and scalability.
Additionally, the CTO oversees the organization's contributions to open source projects, which helps build a positive reputation, create valuable partnerships within the OSS community, and cultivate a culture of innovation.
Internal Stakeholders
- CEO and other executive leadership
- Technology research and development teams
- IT Department
- Line Of Business Managers
- Project & Product Managers
Calls To Action
Read the Survey Report "The State of Open Source in Financial Institutions"
Watch recorded presentations from the 2022 FINOS Open Source Strategy Forum
Attend the FINOS Member Meetings and OSFF events
Expected Activities
Further Reading
Measuring the Economic Value of Open Source - Article by the Linux Foundation
See Also CEO Further Reading