Technology Manager Career Information
What a Technology Manager does
Many companies are talking about convergence of technologies. And you are aware that new technologies in virtually every field are hitting the dock everyday. At the center of all this is Information Technology. Virtually, every three months, we have new technologies.
Your main role will be managing technologies including Information Technology. Your job begins with system study and identifying the need for technologies for your company. You will go on to identify sources of the required technologies, carry out budgeting, resource allocation, cost accounting and procure the required technologies. Your role will include software engineering, in case of Information Technology and Project Management.
As a technologist, you will work within the organisation's overall business plan to support core business activities. The company will use your technical judgement to make high-level decisions and to provide overall guidance and direction on technology matters.
Technology Managers are also responsible for hiring and managing people, who use, adapt, train and support the use of technologies in the company. If you handle IT, then you will be managing System Architects and Software Engineers.
As a technologist, you will work with other functional heads in the company to work out technology financing, manpower plans, product development and upgrading operations using the technology, technical support and other general issues. Usually, the work profile of a Technology Manager goes like this:
Planning As a technology manager, you will develop a thorough knowledge of the business you are in. Identify the areas that could get a shot in the arm with inducting new technology. Determine the profits/advantages that you could derive from it. Then decide how you as a technologist, want to go about acquiring that particular technology
Evaluation As a technologist, you will find out the various technology options available to you and select the one that is tailor-made to your needs.
Procurement As a technologist, you will have to decide how much the technology is worth and negotiate it with firms offering this service to get the best bargain
Implementation As a technologist, you will oversee the integration of new technology with your business and ensure that quality specifications are met within the stipulated deadline. This will also include testing and checking the system for bugs. You will be the final authority to certify that the project has been completed as per the specifications.
Usage and support As a technologist, you will get the best out of the technology. You will create systems and training packages to maintain efficiency. You will also carry out technical support functions.
Revaluation Periodically, you will check whether the technology is good as per current standards and whether it needs to be changed. Depending on the size and complexity of an organisation there may be opportunity for some specialisation like:
Information Technology Manager As a technologist, you will oversee planning and implementation of new or modified Information Technology within the organisation's overall framework.
Project Manager You will be responsible for scheduling, controlling and directing resources, people, funding and facilities for particular projects. These projects may involve major modifications to existing systems and technology or the implementation of new modules or technology.
Quality Managers As a technology manager, you will be responsible for the preparation of quality guidelines and evaluation of systems in conformity with established domestic or international standards and performance criteria.
Previously managers specialising in areas such as planning and business development would be put through technology related courses. But the quantum leaps in technology means that specialists are required for this field. As a Technology Manager, you will be working for industrial houses, devising plans to streamline their operations using the latest technology.
As a Technology Manager, you could also be a part of Management Consulting agencies, which offer technology consulting as part of their vast array of services. Freelancing is not that much of an option here, as firms prefer in-house staff that offers stability and continuity to outsourcing it from individuals.
To summarise, you will be working for:
• Manufacturing companies
• Service sectors companies like banks, large-scale tourism agencies, etc.
• Information Technology companies like i2 technologies, Mindtree Consulting, etc.
• Management consultants like McKinsey, Boston Consulting Group, etc.
• Industrial consultants like L & T, DCL, etc.
• Technology consultants like Chemtex, etc.
No industry wants to be left behind technologically and the cost saving opportunities that come with embracing new technologies in the long run are too huge to be ignored. There has therefore been a rush to employ Technology Managers. Even abroad there is a great demand for Technology Managers of Indian origin.
Another factor that will add on to the demand for new breed of Technology Manager is the convergence of various technologies. For example, convergence of life science or Biotechnology with Information Technology, Information Technology with wireless telecommunication technology, etc.
Abilities & Traits Required
Qualities to become a Technology Manager include:
• A keen eye and interest in various technologies
• Excellent ability to analyse complex technical issues
• Ability to explain complex concepts clearly to other people
• Ability to determine and address the need of the hour
• Excellent people management skills
• Ability to accept a significant level of responsibility and accountability
This is an area where you are required to be the master of two trades -Technology and Management. You can either do an MBA with specialisation in Technology Management or an MTech in Engineering or Technology with good experience in Operations and Process Management.
In case of IT Management, usually BE Computer sciences, BTech Computer sciences, ME Computer sciences, MTech Computer sciences, MCA with additional qualification of MBA are preferred. You can also have an MBA with specialisation in Systems or Information Technology Management. But in any case, as a technology manager, you will need good experience to get a high profile job.
Experienced personnel in either Manufacturing Management or computers can also rise to become Technology Managers.
Starting salaries in this field are high, beginning at around Rs 25000-30000 a month. You could easily work your way up to around Rs 50000-60000 a month in 3-5 years. Top corporations even offer additional benefits like a company flat, car, stock option plans, etc.
However, consulting companies offer the best deal. Your starting salary will sound like a dream in the range of Rs 100000 or even more a month! Lexus or BMW, take your pick!