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Feeling unprepared for technical disruption? A well-structured role for a chief technology officer is a first line of defense.

The dizzily increasing speed of technological change makes it critical for companies to stay ahead of technology trends and be able to anticipate disruptions. For technology and technological change—which, as Exhibit 1 shows, can involve either pure information technology or technology in the sense of materials and processes—are changing the ground rules for everything from products and services to business models and processes.