Challenges faced by the Chief Artificial Intelligence Officer (CAIO)
One in ten companies are now leveraging genAI to transform business models and create new business opportunities. Over one third (34%) of those projects are abandoned within 12 moths due to poor data quality, inadequate risk controls, escalating costs, or unclear business value.
The CAIO is not only an AI expert but also a seasoned operational manager. As the role is transformational, the CAIO is responsible for the adoption of AI and machine learning across the entire business. As with most senior executive titles, the responsibilities are set by the organization's board of directors or other authority, depending on the organization's legal structure. The CAIO is responsible for AI across the entire enterprise and its operations.
Salaries for CAIOs now are over $200K. Organizations are paying for results.
