Why every Fortune 500 business needs a chief AI officer

In 2023, artificial intelligence (AI) is expected to become a priority for businesses across various industries. With the recent breakthroughs in AI technology and increasing consumer expectations of AI-powered features, companies that do not integrate AI into their operations will struggle to stay competitive. A chief AI officer (CAIO) can help organizations develop effective AI strategies by identifying key areas where AI can be applied and overseeing change from the top down at a fast pace. The CAIO should work closely with different departments to ensure that AI is aligned with the company's overall goals and objectives. As the demand for AI-powered products grows, businesses must have a clear AI strategy in place, and hiring a CAIO can be instrumental in achieving long-term success.