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Chief Technology Officer

Chief Technology Officer

Chief Technology Officer

The Chief Technology Officer CTO is primarily responsible for driving the development and implementation of new technologies, products, and services.

They focus on the organization's technical vision and strategy, ensuring that the company remains at the forefront of technological advancements and innovation. The CTO works closely with product development teams, researchers, and engineers to create cutting-edge solutions that give the organization a competitive advantage in the marketplace.

Objectives​

  • Technology innovation
  • Business transformation
  • Leadership and management
  • IT operations
  • IT transformation
  • Optimization of IT infrastructure
  • Business operations

Challenges​

  • Legacy technology
  • Data integrity and systems gaps
  • Skills gaps

Open Source Awareness​

  • Make them aware of the OSPO
  • Use risks as a lever for action
  • Ensure awareness with FINOS and Linux Foundation

Open Source Engagement​

The CTO is responsible for identifying and implementing innovative technologies. They should therefore recognize the value of OSS in fostering collaboration, driving cost-efficiency, and promoting adaptability.

They should be actively assessing and evaluate open source solutions to meet the organization's needs, ensuring compatibility with existing systems, security, and scalability.

Additionally, the CTO oversees the organization's contributions to open source projects, which helps build a positive reputation, create valuable partnerships within the OSS community, and cultivate a culture of innovation.

Internal Stakeholders​

Calls To Action​

  1. Read the Survey Report "The State of Open Source in Financial Institutions"

  2. Watch recorded presentations from the 2022 FINOS Open Source Strategy Forum

  3. Attend the FINOS Member Meetings and OSFF events

  4. “Developing Secure Software” course in the LF Catalog

  5. Ask them to find OSS champions within the organisation

  6. Create an Open Source Council

Expected Activities​

Leveraging Open Source as a Strategy

OSMM Level 5 is about Strategy. At this level, you seek to make decisions that shape the technology landscape in your favor to create new opportunities.

Software Inventory

Software inventory is a precondition to most of the activities involved in OSMM level 2. The first step to licence compliance or supply chain security is to understand what software is in your estate.

Further Reading​