A core part of a CAIO role is leading AI research and development efforts to explore new algorithms, techniques and technologies to develop and/or enhance the organization’s AI capabilities. Your hire must be comfortable working at super speed and staying up to date with the latest trends and advancements in AI research. While leading AI inherently requires a deep understanding of emerging technology, potential CAIOs should have an even stronger foundation in the business. “They don’t have to be data scientists, which would probably work against the goals of this role,” Thurai said. As eBay’s first chief AI officer, Nitzan Mekel-Bobrov is focused on the role AI technology can play in enhancing user experience for everyone who engages with the website. He works in driving differentiation and outsized business growth, focusing on AI platforms, generative AI, NLP and mobile AI.
- Ultimately, the decision to hire a CAIO or a dedicated AI leader should be based on the strategic importance AI plays in the organization’s future growth and profitability.
- The competition for AI talent is tough, so hiring someone who is a talent magnet and will lean into the recruiting process is important.
- Some will state that they go by the CEO/CFO-set budget, and still seek sign-off at the board level.
- Many of these same anticipated benefits led organizations to appoint CDOs, like us.
- While experience driving business-led technology transformation is beneficial, what is even more valuable is knowing how to drive better outcomes with the combination of process, data, and technology change, SkillSoft’s Daly says.
Why you should consider hiring a CAIO
Anja Lagodny is an IMD executive in residence and was formerly chief digital officer (CDO) at Japan Tobacco International and vice president of digital at Carlsberg. Ann-Christin Andersen is CEO of Chief Executive Officer for AI product job Norwegian Energy Partners and an IMD executive in residence. Corinne Avelines is an IMD executive in residence and was previously CDO at AkzoNobel and TomTom. Achim Plueckebaum is chief data and information officer at Bachem Holding and an IMD executive in residence. He was formerly the head of digital, data, and IT for drug development at Novartis. She points to a Indeed, a recent SkillSoft survey, which found that 42% of IT leaders will be investing in AI training over the next five years to address AI skill gaps.
- “Process, culture, strategy — all of those are essential if you’re going to be successful,” Daley concludes.
- Their primary focus is on corporate governance, regulations, protecting intellectual property and handling litigation.
- Prior to being named CEO of Intel Products, she was executive vice president and general manager of CCG.
- // Intel is committed to respecting human rights and avoiding causing or contributing to adverse impacts on human rights.
- Get monthly insights on how artificial intelligence impacts your organization and what it means for your company and customers.
- They are also responsible for staying abreast of evolving regulatory requirements and adapting AI strategies accordingly.
Fast-Growing Tech Professions for 2024
The chief lawyer of an organization is typically called the General Counsel or Chief Legal Officer (CLO). Their primary focus is on corporate governance, regulations, protecting intellectual property and handling litigation. The following descriptions summarize the responsibilities of these roles and the typical backgrounds and traits of the people who fill them. Ultimately, the decision to hire a CAIO or a dedicated AI leader should be based on the strategic importance AI plays in the organization’s future growth and profitability. As countless organizations race to investigate or adopt artificial intelligence technologies, many are building out an AI skilled workforce. That includes the decision to appoint or hire a chief artificial intelligence officer (CAIO).
- If your team is using tools incorrectly or avoiding them all together for fear of losing their role to the robots, the CAIO can educate them as required and set their minds at ease.
- As CAIO and CSO, he focuses on the data that is shared, how it is used, and when it is destroyed.
- All applications must be completed and submitted electronically no later than midnight ET of the closing date.
- This involves defining key performance indicators for AI initiatives, monitoring their performance against established benchmarks and implementing iterative improvements to enhance the effectiveness and efficiency of AI applications.
- In a world where technological change is constant, the CAIO is a strategic compass, ensuring the organization’s AI journey is not only impactful but built to last.
- They should be a champion for smart AI adoption, and be able to recognize and balance AI benefits with risks.
Breaking Down the CAIO Role
The CAIO continuously optimizes AI models, algorithms and processes to improve performance and deliver greater business value. A senior executive in charge of AI can help your organization make the most of this technology. A Chief AI Officer (CAIO) isn’t just a solution for today’s challenges—it’s a strategic role designed to equip enterprises with the resilience and foresight needed to thrive in an AI-driven future. Each of these points emphasizes that a CAIO isn’t just an expense—it’s a strategic investment that strengthens AI’s impact, ensures ethical implementation, and positions the company for sustainable growth in an AI-powered world. In today’s fast-paced, technology-driven world, artificial intelligence (AI) is redefining entire industries. AI leaders within financial services saw the highest base compensation, while those in the technology sector saw the highest total compensation, due to their increased annual equity or long-term incentives.
