There is a growth in the appointment of chief digital transformation officers (CDTO) and chief digital officers (CDO) with the responsibility of charting the technology roadmap of an organization. READ:
HERE is a growth in the appointment of chief digital transformation officers and chief digital officers with the responsibility of charting the technology roadmap of an organization. While there are nuances in the role, these are similar to the traditional chief technology officers that are responsible for formulating the technology strategy of an organization and implementing it.
There is now a sea of supposed chief technologists who err in forecasting and estimating a technology’s potential, costing a company a fortune. For example, the CTO of a local firm invested heavily in buying the software asset of a foreign company with the aim of developing this for the company’s own use, only to discover later on that the company lacked competencies in wielding the software; hence putting the project to a full stop after several years.
A simple framework based on classical strategic management can help CTOs formulate technology strategy.
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