What does CTO stand for?

CTO stands for Chief Technology Officer and is a C-level executive who directs and manages all technological innovations of a company. The rise of information technology also meant the rise of the Chief Information Officer (CIO). It soon became apparent that in addition to the CIO, a CTO was also needed, a new role to strategically plan technology products and services. As the chief technology officer in a company, a Chief Technology Officer is usually responsible for all technology units.