Cartner points out that 55% of organizations indicate the need for an AI Board to oversee and control the use of AI within the organization.
A recent survey of over 1,800 top-level executives by Cartner revealed that 55% of organizations have a committee overseeing the use of AI or an AI Board, with 54% stating that they have an AI Leader coordinating and overseeing activities within the organization. The AI Board is responsible for driving the AI strategy to achieve objectives, akin to a central committee that sets direction, oversees, and controls the use of AI.
The AI Board must be clear on guidelines that align with the business objectives. Some organizations are still unclear about how they will utilize AI, with only 1 in 4 survey respondents able to identify a clear person responsible for AI initiatives (refer to Image 1).
Image 1: Individual responsible for delivering AI projects
The AI Board should consist of members from various disciplines and business units to cover AI-related issues in different areas. The board should not be too large to work efficiently and quickly. When asked about the top three main focuses the board should emphasize, 26% of executives mentioned “governance” or compliance, while another 21% stated that “strategy” should be a primary focus.
Frasis Karamusis, Vice President of Research at Cartner, explains, “Members of the AI Board should have expertise that links to job scope, be senior executives with experience, possess strong skills in strategy and operations, and above all, have a goal related to GenAI.”
AI Leaders are more common in organizations than CAIOs.
Research findings indicate that although many organizations have leaders overseeing AI initiatives, these positions may not always be referred to as “Chief AI Officers” (CAIOs). While 54% of senior leaders stated that their organizations have AI leaders or heads of AI, 88% revealed that their AI executives do not hold the title of Chief AI Officer (CAIO).
“Although AI and GenAI technologies play crucial roles in every aspect of organizational work, activities, and strategies, individuals or teams responsible for coordinating AI within an organization do not necessarily have to hold C-Level executive positions,” concludes Karamusis.
Source: Cartner Press Release
TLDR: Organizations should establish an AI Board to oversee AI initiatives, with a clear focus on governance and strategy, while leaders overseeing AI do not always hold the title of Chief AI Officer (CAIO).
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