Fractional CTO Services
Benefits of a full time CTO, for a fraction of the cost. With 13+ years of software development industry experience, Arkenea offers strategic technology consulting services and fractional CTO services.
Best Bespoke Healthcare Software Developer - Twice in a Row
Scale Your Business With Our Fractional CTO Service
01.
Tap into experienced leadership on a budget when navigating the continually changing digital landscape and get a competitive advantage.
02.
Leverage the combination of technical expertise, market research, and business acumen with cost effective consulting services.
03.
Effectively match the product development with business objectives without hiring a full-time CTO and cut down on the business expenses.
How Much Does It Cost To Hire A Fractional CTO?
The cost of hire a fractional CTO varies. The actual rates will vary depending on the skillset, experience, business goals, on-shore vs off-shore, etc. What is important though is to look at what they bring to the table and how they can bring about product, process and cost efficiencies in your business in the long run. A fractional CTO service from Arkenea would cost you anywhere from $100 to $350 per hour.
Fractional CTO Services To Fill In The Gaps
Scale your workforce to meet the growing technology leadership needs of your business. Startups and companies hire Arkenea’s fractional CTO services to start a new software development project or to give strategic direction to an existing one.
- If you’re hiring full-time software developers in-house and want a CTO to interview and vet them.
- When you’re building an MVP for your healthcare startup and need help setting up the technical roadmap and technology strategy in the early stages of software development.
- When you want to be aware of all technology issues before onboarding a software development partner or a full-time Chief Technology Officer.
- Establish an Agile software development process in your startup.
- When you want to be aware of all technology issues before partnering with a software development partner or a full-time Chief Technology Officer.
- When you want to decide between the platforms of choice, whether to develop a mobile application or a web application.
Fractional CTO - An Effective Business Strategy
Optimal Resource Utilization
Match product development with business vision without the overheads associated with onboarding a full time CTO in the leadership role. A fractional CTO gives you the much needed technical expertise while effectively scaling the technology team.
Cross Functional Industry Experience
Eliminate the need to reinvent the wheel when designing a technology roadmap. With experience having handled similar situations, fractional CTOs are better equipped to handle and overcome challenges of technology projects.
Minimize Technology Expenses
Hiring a fractional CTO or interim CTO can help keep the tech expenses to minimum. By aligning technology spending with business objectives, fractional CTOs can measure technology expenses, conduct ROI evaluation and maintain tech budget.
Strategic Business Liaison
Chief technology officers (CTOs) need to work closely with both the business and the tech department. A fractional CTO essentially functions as a translator and communication intermediary on technology solutions.
Single Point Of Contact
A fractional CTO is an integral part of the executive team who functions as a single point of contact when designing the future technology strategy. Fractional CTO services can streamline business objectives while offering a fresh perspective.
Risk Reduction
Filling the role of the chief technology officer can prove to be an expensive undertaking, especially for early stage startups. By consulting with a fractional CTO, you get access to a technology leader with industry specific knowledge while minimizing the risk of long term hiring.
Fractional CTO vs Interim CTO vs Part Time CTO: The Right Fit
While these terms are sometimes used interchangeably, they are actually three distinct models of hiring a CTO.
- A fractional CTO as the name suggests, takes over only a fraction of the responsibilities while the others are shared with the in-house resources.
- A part time CTOs role comes into play when you need someone to be more involved than an ad-hoc advisor but don’t need a full time employee.
- An interim CTO is someone who temporarily fills in the position of a full time CTO in larger companies.
Interim CTOs typically have shorter engagements- between 1 to 3 months and focus on solving specific challenges that require larger bandwidth akin to a full time role.Fractional CTOs, on the other hand, are the perfect fit for small and medium sized businesses in the need of ongoing technology leadership, for an extended period of time.