Technology Management Practices of CTOs in Emerging Economy India

Emerging economies have mostly been dependent on developed economies for advanced technology and industry practices. In India, a developing country, many initiatives are taken to catch up with fast pacing technological development. Industries respond with development of new C-level positions of technology leaders like CTO, CIO and CDO amongst others, each focusing on their practices in technology management domain. In the era of the fourth industrial revolution, technology leaders are attempting to enhance efficiency and cater to business opportunities of the vast market of India. We observe that the change in role of the CTOs using the NLP-based technique to understand the gap between academician's knowledge and practitioner's view. The findings suggest that role of technology leaders is evolving and gaining importance in the top management team. It is also found that technology management practices vary as per the need of organizations.