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A Chief Technology Officer (CTO) is very similar to a Chief Information Officer (CIO). CTO's will make decisions for the overarching technology infrastructure that closely align with the organisation’s goals, while CIO’s work along side the organisation’s IT staff members to perform everyday operations.
A CTO should be aware of new and existing tech to guide the company’s future endeavors. The attributes of the role varies from one company to the next, mainly depending on their organisational structure.
CTOs work with the CEO on strategy and anticipate business decisions that could influence the technical direction of a company.