If we talk about large companies, then you are strongly tied to the “sandbox” that you have been allocated, and it’s difficult to go somewhere further. When you are in a startup, you create a product from scratch, and in this case, the impact may be greater than when releasing another feature in the finished product.
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This is a good question, no one will give a clear answer, but all that is given is just some set of opinions. CTO is a rather confusing position that may be responsible for a lot of things. Most often and better understood as the position of the person responsible for technology.
In an ideal situation, this is a specialist who will “sink” all areas of technology. He understands the "pains" of the business and the tasks that he has to solve, and understands how technology will help this. He can say what kind of people need to be hired, what tools it is important to use, he can tell how much time you have to spend on adoption or change, and so on.
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