Fractional CTO
A fractional CTO (Chief Technology Officer) is a technology executive who works for a company on a part-time or temporary basis. Unlike a full-time CTO, who is a permanent member of the company's executive team, a fractional CTO is hired on a project or contract basis to provide specialized technology expertise and guidance to the company. A fractional CTO may be hired to help the company with a specific technology project, to provide guidance on technology strategy, or to fill in for the company's full-time CTO during a temporary absence. Fractional CTOs are often experienced technology executives who have a proven track record of success in their field and can provide valuable insights and expertise to the companies they work with.
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These are some specific tasks where Fractional CTO assistance is very desirable:
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Request for Proposal (RFP) buildout and vendor selection
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Pre-sale Technology Vendor Negotiation
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Technology Agreement Vendor Negotiation
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Service Level Agreement Negotiation
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Post-sale technology agreement dispute or renegotiation assistance
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Risk Mitigation Strategy Planning
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CyberSecurity Evaluation
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Technology/Legal Compliance specific to the business vertical
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On Premise to Cloud migration or synchronization strategy and planning
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Software development personnel sourcing and interviewing
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Due Diligence assistance