As technology is improving with leaps and bounds ever so often, we need to ensure that our staff are upskilled and well-schooled in the necessary components. But when it gets to a point that we can’t keep up with the changes, we need to hire people specifically for technology-related roles. This is where a CIO or CTO comes in. But, does your business need a Chief Information Officer or a Chief Technology Officer?

What Is Best For Your Company?

Many businesses hire CIOs, but when you’re on the lookout for a person who has the relevant expertise and background, you have to decide whether you need a CIO or CTO. Generally, a CIO is a business oriented role, but they are responsible for the IT components. CTOs have a background related to technology. So which one is best for your company? It’s up to you to decide this, but if you’re struggling with the technological side of things, especially when you are at the very beginning of your business endeavors, it’s difficult to find someone to be able to fulfill both roles simultaneously.

Are You Able To Keep It Within Budget?

The other more pertinent aspect to consider is that if you are struggling financially, and you’re looking to cut costs where possible, does your business actually need someone on board to complete the relevant technological undertakings? Naturally, as you increase in scope, your finances should reflect where you are. If your business is doing well, you will have more expenditure, which will justify you being able to hire someone. But on the other hand, if finances are an issue, then you could go down the virtual approach. The Ntiva IT strategy that a virtual CIO should form part of the service is a notable example at this point. And as far as getting virtual advice is concerned, it makes things more manageable in-house. As a result, you may be able to keep it under budget.

Is It Really That Critical To Business?

Are you struggling under your weight? A Chief Information Officer or Chief Technology Officer can help to push your company into new and exciting territories, as far as technology is concerned, but if you are wondering if it’s essential at this moment in time, you have to ask yourself is your company is progressing in the right direction? And if technology is so pertinent to the processes, that you are worried you’ll be left behind, then you’ve answered your own question. Technology is advancing at such a rate, that we are concerned if we don’t keep up, then we will get left behind. And while there are numerous roles that are deemed “necessary” within the technology sector, a lot of it is purely window dressing. You can whittle it down to the essentials, like a CIO. But, does your business need one right now? Think about where you are financially and if your business is in the right state to have one. But also, will it benefit you in the future? Many businesses have them, but it’s quite a decision to undertake, especially when your business is young.