As we travel through cities we are often locked in conversations around the differences between a CIO and CTO in this age of innovative technology products and services. While it's not great to generalize on these topics, I thought it would be interesting to highlight this press release:
"RESTON, Va., Aug. 31, 2015 /PRNewswire/ -- Leidos LDOS, +0.44% a national security, health, and engineering solutions company, today announced the appointment of Martin Miner as senior vice president and chief information officer (CIO). Miner will report to Chief Technology Officer Gulu Gambhir."
Important highlight on Miner's responsibilities:
- Responsible for the direction of the company's information technology infrastructure and associated projects
- Improvement initiatives
- Technology investments in support of the business
A general rule of thumb we use is that in technology companies, CTOs generally build products and services that generate revenue where CIOs generally reduce cost through optimizing information technology tools and infrastructure. Both are awesome, both operate as efficiently as possible but there is a distinction in focus.
Now this isn't to say you can't have a CTO that innovates new products to reduce cost within a certain market. Take a look at this WSJ article stating that oil companies are tapping into new technologies to lower production costs. From the rather lengthy article:
"... the search for new technologies goes on. The oil and gas division of General Electric Co. plans to increase its spending on R&D this year, says Eric Gebhardt, the division’s chief technology officer and vice president of engineering. And “co-funding from our customers is actually up this year,” he says."
Nevertheless, 7CTOs congratulates Martin Miner in his new role as CIO.