This involves establishing policies and frameworks for safe and responsible AI use, proper AI governance, addressing risks and biases and promoting data privacy and security. To date, many of these positions are with technology vendors or at government entities in the wake of recent AI mandates. But the ranks of the CAIO are expected to increase at enterprise organizations as well in the coming years. In October 2023, KPMG LLP appointed Steve Chase as its new vice chair of Artificial Intelligence and Digital Innovation, and a member of the firm’s Management Committee. A Chief Executive Officer of an AI startup job Chief AI Officer drives ethical AI integration, unlocks transformative growth, and sets a new digital standard for the enterprise.

Chief Credit Officer and Executive Director of Credit & Valuation, Office of Policy & Strategy

They may also be responsible for overseeing employees complaints about harassment or discrimination and developing culture change. A CFO, also known as a chief financial officer, is responsible for managing the books and records for a company as well as financial reporting and statutory compliance. A CFO ensures business decisions and organizational strategy are made based on reliable financial criteria. A COO, or chief operating officer is responsible for the day to day operations of the company.

Making executive onboarding a smooth journey

This involves identifying opportunities where AI can add value, such as improving operational efficiencies, enhancing customer experiences or creating new revenue streams. The CAIO works closely with other executives, departments and stakeholders to obtain buy-in and promote AI-driven decision-making and integrate AI into existing business processes. An executive director is a job title used more commonly in non profit organizations. The executive director is appointed by the board of directors and is a leader of the organization. An executive director works closely with the board of directors to develop strategic plans, and they are responsible for the culture of their organization.

• An executive director is also responsible for overseeing budget and marketing efforts for an organization.
• Beyond technical expertise, the CAIO will also need to possess leadership, strategic vision and business acumen worthy of the c-suite.
• Around a third (32%) of organizations currently have a CAIO on board, which is expected to grow to 94% over time.
• Some gaps may persist amid current talent, so shrewd hiring teams will spot adjacent skill adjacencies to develop further after onboarding high-potential CAIOs.
• On the lower end, CAIOs make $224,000 whereas on the higher end, they make around $418,000 per year.
• Recent history gives us examples of how new job titles are often subsumed into other, more traditional C-suite roles.
• Real-world transformation track records validate the capacity to author similar success stories in your organization.

How to create a career ladder for your software engineering teams

In the race to adopt generative AI and other tech-based innovations, technology leaders are becoming ever-critical to organizations’ strategy and execution, which reflects in the compensation packages of these professionals. “This role provides me with the opportunity to influence the direction of our company and the broader industry, and I am excited about the potential to drive significant change and innovation through AI,” Coto says. The company’s follows a hybrid approach to AI development and implementation, combining center-led development of platform, reusable components, and capabilities, such as advanced visualization, with business unit (BU) partnerships. Chris Daigle, the CEO of ChiefAIOfficer.com, an AI consulting service, said most of his small and medium-sized clients don’t need a machine learning engineer or data analyst to build their own LLMs. They just need a leader who understands the AI tools that currently exist — and how to apply them to different parts of their business.