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Fasten your seat belt and go for CTO as a Service! (II)
Why can a CTO as a Service approach boost Startups and unlock key benefits for everyone involved in the business? In our previous article, we explained how to spot the moment when a CaaS can bring the highest returns, either if you are an early-stage startup, a startup planning to scale up, a mature startup or a well established company, with a constant growth. So what can you get when going for a CaaS?
Key benefits in favor of CTO-as-a-Service
Roadmap : define a clear roadmap and avoid expensive distractions
Process : build and optimize processes your teams can follow
Architecture : Ensure that your in-house or offshore team is using the best architecture and best development practices to build your product
Mentorship : Round out the skill set necessary to build, deploy and market a product, and run a company.
Team: If you have an existing team, it helps point it in the right direction. If you don’t, it helps you build or select a team that fits your needs.
Consulting : get a second opinion, validate your plans
Whether launching a new business or looking for ways to advance, it is always crucial to make the right decision at the right time. Referring to CTO as a Service will help you address technology-driven challenges duly and map out an effective strategy in line with your business objectives.
Most importantly, the CaaS model cuts your employment and overhead costs when compared to hiring a local and permanent CTO. It also relieves you of the tedious search and waiting for a professional if looking for someone in recruiting agencies.
Thus, we really believe that the CaaS model provides compelling flexibility in examining the CTO expertise prior to hiring, combining short-term and long-term engagement, and augmenting the team by the specialists recommended by the CTO. All these, in favor of a better cost benefits ratio, especially when talking about technological input.
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SOURCES:
[1] https://www.mckinsey.com/business-functions/operations/our-insights/why-you-need-a-cto-and-how-to-make-her-successful
[2] https://www.fastcto.com/
[3] https://readwrite.com/2020/01/16/cto-as-a-service-in-crucial-stages-to-success/
[4] Photo credits: art130405
