A virtual chief technology officer is hired to offer leadership skills. Not only does a virtual CTO oversee certain policies in a company, but also ensure that such policies are streamlined in order to maximize business productivity. The advantage of having a CTO is that all your polices will originate from one source, hence improved business management.
Small business, especially those that deal with sensitive information such as credit card information face the risk of data theft. Hiring a virtual Chief Technology Officer will ensure such risks are mitigated since this CTO will advise on best data management and security policies. Ensuring that business guidelines are followed in obtaining and securing such information is vital, hence the need of technology consulting.
In order to remain competitive in the technological industry, a business needs to regularly update and improve company policies. A network administrator is able to handle such policy improvements and ensure the best-fit solution to a problem is identified and implemented. Cyber security is one such policy which requires frequent updating, and who else to effectively handle such crucial policies than the virtual CTO.