Fractional CTO Services
We offer on-demand consulting for all CTO-related needs to help your business align technological processes and business goals. If you need individual project support, we can help. If you’re looking for strategic guidance and direction, we’ve got you covered. With a combination of hands-on experience and in-depth industry knowledge mastered over decades across countless industries, our CTO services can help streamline technology operations and elevate your business.
Today’s business landscape has evolved, and finding the right personnel and positioning your brand for growth is no simple task. The role of a CTO has evolved as well.
At 555vCTO, we take a modern approach to the people, processes, and technology that make companies work. From assessing technical feasibility, integrating information, and transforming raw data into actionable insights, our fractional CTO services can help companies of any size and at any stage of their lifecycle take control of their technology.
Fractional vs. Full-time CTO
Full-time CTOs are directly employed by organizations to help manage building new products, integrate new technologies, and oversee projects. These highly qualified C-suite executives are expensive to hire and may be difficult to retain as the technology market continues to see skill shortages.
A fractional CTO, meanwhile, is hired on a per-hour or per-project basis to help companies achieve specific goals. Also called virtual CTOs or part-time CTOs, these industry experts offer advantages over full-time executives, including:
Wider range of technical expertise
Our virtual CTOs have worked with many companies and gained a wide range of technical expertise, which lets them tackle wide variety of challenges.
More hands-on experience in different industries
Our experts also have experience across different industries, giving them a broader technology perspective.
More problem-solving skills across the board
The combination of experience and expertise provides increased problem-solving skills to help address emerging issues and resolve long-standing concerns.
Scale with the company at different stages of growth
As companies grow, different CTOs can be brought on board with the specific experience necessary to navigate these transitions.
Scale resources on a project-by-project basis
Need more help with a specific project? Scale up your fractional CTO services. On track and on time with key operations? Scale back to save money.
Provide an unbiased outlook of staff and operations
Because virtual CTOs are external experts, they provide an unbiased look at operations that can help companies focus on potential problem with processes or people.
How Much Does a Fractional CTO Cost?
Every business has unique technology needs, differing technology comfort levels, and its own mix of employee skill sets. As a result, there’s no one-size-fits-all approach to fractional CTOs and no set cost for this service.
Key factors that affect pricing include the experience of the CTO consultant, the level and length of engagement, the services required, the scope of responsibilities, and the urgency of the need. At 555vCTO, our experts are hired on an hourly or project basis, with costs typically ranging from $100-$500 per hour, depending on the factors listed.
We Make All the Difference
No matter your technology needs, we can help. Our CTOs have the experience necessary to facilitate the implementation, improvement, and maintenance of cutting-edge technology solutions, helping organizations consistently move the needle.
We also have a proven track record of helping startups and small businesses evolve their technology stack to meet emerging demands and avoid crucial technology mistakes that could cost them time, money, and resources.
At 555vCTO, we help businesses bridge the gap between what they envision and how technology can help them get there.