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Chief, Czar, or Committee: Who Rules Over AI?

August 16, 2024 | 1 minutes reading time | By David Weldon

For a technology affecting business activities across the board and facing its own set of legal, risk and operational challenges, a chief artificial intelligence officer may be getting the call.

If artificial intelligence ultimately fulfills analysts’ projections and proponents’ expectations, it’s not just the rank-and-file workforce that must evolve and likely have to be upskilled. Adjustments will be required all the way up to the top, an all-important one addressing senior-level oversight and governance of the burgeoning technology and its extensive organizational reach.

Although AI is a fundamentally technological innovation, its applications can be both transformative and democratizing, promising enhanced productivity and immense returns on investments, while also having to be forthrightly risk-managed and controlled particularly in regulated industries such as finance.

Survey data from Gartner shows accountability for AI being assigned to a wide range of executive positions, with chief information officers (CIOs) garnering a 25% plurality.

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Topics: Data & AI Model Governance

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