What is CxO?

What is CxO?

Is a misaligned IT strategy holding back your organization's vision for growth? Is your organization lacking strategic IT leadership? Is your team frustrated with impersonal, cookie-cutter, IT solutions? In this article, you can learn more about our solution that addresses these questions.

Technology does not work unless someone is actively managing and aligning it with your organization’s goals and strategies. Managed Services Providers (MSPs) offer IT services such as Workforce, Cyber Operations, Security & Compliance, and Data Protection. But how do you ensure that these elements are working together and adding value to your business? How do you keep up with the latest technology trends and innovations that can give you a competitive edge???

A good way to think about this is to imagine that you are building a car. You have all of the parts that you need, such as the engine, wheels, windows. But unless you have an experienced mechanic who can put those pieces together in the right order and in the right place, the car you are building will not be drivable. Similarly, you need someone who can integrate and optimize your IT services and guide you on how to use technology to achieve your business objectives.?


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Hire a Full-time CTO?

One solution is to hire a full-time Chief Technology Officer (CTO) for your organization. A CTO is a senior executive who oversees a technology vision and direction, as well as its' implementation within your business. A CTO can help you integrate IT services, optimize processes, and leverage new technologies to achieve your business objectives. As a full-time member of the organization, they have a deep understanding of the overall business and what is important.

However, hiring a full-time CTO is not a feasible, nor is it practical, for many businesses, especially small and medium-sized ones. There are two main challenges with this solution:??

  • Cost: Hiring a full-time CTO is expensive. According to Salary.com, the median salary of a CTO in New York City is $351,186 as of October 2023. If you factor in the benefits, such as health care and 401k match, that you have to provide on top of the base salary, you are looking at spending around $450,000 per year to hire a full-time CTO.??
  • Expertise: Technology is a broad and diverse field. A CTO needs to have a deep and wide knowledge of various aspects of technology, such as cyber security, software development, artificial intelligence, and more. However, it is rare to find a CTO who is an expert in all of these areas. Most CTOs have a strong background in one or two domains, but not enough in the others. ?

Hire a Virtual CTO?

So, what is the alternative? How can you get the benefits of having a CTO without the drawbacks of hiring one full-time???

One solution is to hire a virtual CTO (vCTO). A vCTO is a part-time or on-demand CTO who provides you with similar services and expertise to a full-time CTO, but at a fraction of the cost. Some of the benefits of hiring a vCTO include:?

  • A vCTO can offer you more flexibility than a full-time CTO. You can hire them on a part-time, project-based, or on-demand basis, depending on your needs and budget.??
  • A vCTO can offer you more diversity than a full-time CTO. You can benefit from their wide range of skills, experiences, and perspectives, as they have worked with different clients, industries, and technologies. You can also access their network of experts and partners, who can complement and enhance their services.?
  • A vCTO can offer you more value than a full-time CTO. You can get high-quality results and outcomes, as they have a proven track record and a strong reputation. You can also save money and time, as you only pay for the work that they do.?

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However, there are some drawbacks to the traditional vCTO model. Since a vCTO is an outside contractor who works with multiple clients at once, they might not be able to offer you a personable service, as they have to divide their time and attention among different projects and priorities. A vCTO also does not have a deep and intimate understanding of your business and its' strategies, as they are not involved in the day-to-day operations and decision-making. This makes them less effective in figuring out what is best for your organization, and more likely to deliver generic or cookie-cutter solutions. A vCTO also tends to be reactive rather than proactive, as they only deliver what they have been requested to do, and not what they think you need or could benefit from.?


What is CxO and its’ benefits??

At iTILITi, we combine the benefits of hiring a full-time CTO and vCTO, while mitigating the negatives. We offer a unique service called the CxO Service, which gives you access to a team of experts in both technology and business. Whether you need strategic guidance on IT operations, technical support, or security advice, we have your back. We are your CTO, CIO, CISO and much more, in a box.??

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1.?Proactive Partner?

As a true partner, we focus on building a strong relationship with our clients and developing a deep understanding of the business. Instead of waiting for a request from the client, we take a proactive approach. We constantly look for ways to improve the business and give you recommendations based on years of experience in the industry. We are your trusted partner that understands your business inside and out.???

2. White Glove Approach?

We are a partner who has your best interest and supports every stage of your growth. We offer a white glove service, committed to providing the best experience possible for our clients. Working with us is going to feel like you have a full-time CTO that you can trust and have a real relationship with.??

3. Alternative Investment Focus??

With our deep understanding of the alternative investment industry, we understand not only the regulatory aspects of this highly regulated industry, but also your needs from a business perspective. We can help you navigate the complex and ever-changing regulatory environment, while also providing you with the best solutions for your business goals.?


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Technology is not just a tool; it is a strategic asset that can make or break your business. Let us help you make the most of it. Contact us today and we will show you how we can transform your IT operations, optimize your processes, and leverage new technologies to take your business to the next level.?

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https://www.salary.com/research/salary/benchmark/chief-technology-officer-salary/new-york-ny?

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