Chief AI Officer, is it really useful to have him in the company?
The evolving role of the CAIO, the challenges in implementing AI and the skills needed for business success
5' min read
5' min read
The acronym, CAIO, probably conjures up thoughts not exactly akin to the true nature of this emerging managerial figure, currently among the most discussed (and often misunderstood) in the executive landscape. We are talking about the Chief AI Officer, a function present in almost half of the companies in the FTSE 100 and with a percentage of new hires in the last year alone exceeding 40% (according to a study by the British research company Pltfrm). There is, however, a double anomaly in this race to grab these 'specialists'.
The first is reflected in the premature action that many companies are taking in order to position themselves as AI experts in the boardroom and towards the market, without however adequately defining the tasks, tools and responsibilities of this figure. The second sees several companies with both a Chief AI Officer and a Chief Data Officer on their staff, others that have simply renamed their CDOs to CAIOs, and still others where CDOs are absorbing the responsibility for the adoption of artificial intelligence without providing further support or clarity. The result? Such a confusing leadership structure can create conflicting priorities and internal friction, slowing the progress of technology and diluting accountability. What does a CAIO need to achieve real results and reduce the risk of thwarting their organisation's AI efforts? We talked about it (exclusively) with Francisco Mateo-Sidron, Senior Vice President and EMEA Head of Cloudera.
The advent of CAIOs, at the moment, seems to bring more problems than benefits. Why have big companies invested in this figure without having built the foundations for it to work well?
Many companies are embarking on advanced artificial intelligence strategies, but often their IT teams are still faced with fragmented and outdated data systems that are definitely not designed for artificial intelligence. To overcome this discrepancy between business objectives and data infrastructure, and with the primary goal of getting real results from AI, these same companies are investing in the figure of the Chief Artificial Intelligence Officer. In reality, the basis of an effective AI strategy is data, and an organisation's confidence in the results produced by this technology is directly proportional to the confidence placed in the input data. It is therefore not just a question of visibility: having reliable data is the key to analysing and processing information and turning it into knowledge to understand business performance and how to improve it. But without a unified database and proper governance, it is difficult to scale artificial intelligence technologies successfully and in compliance with regulations.
What are the most common mistakes companies make when introducing this figure?

