In 2013, Peter Thiel was talking about technological progress when he sarcastically said, “We wanted flying cars. Instead, we got 140 characters.” Well, it's now 2023, and I bet you still don’t have a flying car! Even so, technology’s pace of change is getting faster and businesses need to stay ahead of the curve if they are going to be successful.

One way for a business to stay ahead of technological change is by hiring a tech lead. In big companies, a tech lead is called a CTO—a full-time employee who leads a team of IT professionals. CTO’s also have a deep understanding of the latest technologies and provide guidance and advice on how to use them to improve efficiency.

In the modern workplace, having a tech lead on staff can make or break your company. A tech lead can help identify and address any potential tech-related issues early on, saving the business time and money in the long run. They also provide valuable insight into new technologies, allowing the company to stay on the cutting edge. Furthermore, a tech lead helps act as a bridge and translator between the tech team and other departments, allowing all stakeholders to work together to create the most effective tech solutions throughout the company. This role is helpful for promoting and championing using technology throughout your company.

Overall, it's clear that the presence of a tech lead in a business is essential. However, most of the time employing a CTO at 200,000 dollars a year or more is out of reach for small businesses. At StayShure, we aim to fill this gap through our Fractional CTO services. For a fraction of the cost of a full-time CTO, you will gain access to an entire team of experts with a dedicated tech lead who knows your business personally. Learn more by taking our assessment quiz to see if hiring a Fractional CTO is the right move for your business in 2023.

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