''The CTO is one of the most valuable human resources for all companies''
Cost efficiency and flexibility are some of the main motivations for entrepreneurs to turn to on-demand CTO services. The cost of hiring a full-time CTO is very high, which can be attributed to his or her qualifications, experience, creative streak and strategic mindset.
Many companies cannot afford such well-paid staff or do not necessarily need the work of an in-house CTO. For example, you have launched a great product, your organisation is putting more effort into sales and new customer acquisition, and therefore the services of a CTO are not needed for some time to manage the product.
Fractional CTOs focus on a fraction of tasks and areas of specific requirements.
Usually the fractional CTO works for an ad hoc period in order to solve specific problems, manage processes, provide coaching or cover other business needs.
The services of a CTO are invaluable in the early stages of product design and development, as they enable market validation and the selection of suitable technologies without breaking the budget.
Although the average cost of a fractional CTO per hour is higher than the cost per hour of a full-time CTO it is still a cost-saving option because the CTO is only employed for the time needed to complete the project.
The CTO is one of the most valuable human resources for all companies seeking to gain, maintain and expand their competitive advantage. Indeed, his responsibilities are numerous in several respects:
The enhancement of R&D
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