Why every Fortune 500 business needs a chief AI officer

Wed, 1 Mar 2023 15:14:16 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.fastcompany.com/90847356/every-fortune-500-business-needs-a-chief-ai-officer>

"I strongly believe that 2023 is the year when artificial intelligence will
shift from a Silicon Valley toy into a priority for virtually every business
that wants to avoid becoming the Blockbuster of their industry. After a year of
big breakthroughs including DALL-E 2, Stable Diffusion, and ChatGPT, AI has
become mainstream. Companies that do not integrate AI into their product,
operations, and business strategy will struggle to remain competitive—and fall
behind those that do.

Consumers today are going to expect AI-powered features and products from every
company they interact with. Organizations like Canva, Notion, and Shutterstock
have all recently rolled out generative AI tools.

AI also will unlock new levels of operational efficiencies that go beyond the
product itself. Sales and marketing teams that leverage AI will outperform
those that rely solely on human work. Companies that don’t adopt AI code
generation tools will lag behind in engineering productivity.

The tough reality is, hiring a team of great machine learning scientists and
data analysts simply isn’t enough to address how critical AI will be for
businesses in 2023.

Rather than being applied to isolated use cases as an afterthought, AI must be
built into the strategic direction of any company and must be considered a
fundamental part of the road map; which necessitates the hiring of a chief AI
officer (CAIO)."

Via Wayne Radinsky, who wrote "So, we’ve arrived at this moment."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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