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Strategic Integration of Artificial Intelligence in the C-Suite: The Role of the Chief AI Officer

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  • Marc Schmitt

Abstract

The integration of Artificial Intelligence (AI) into corporate strategy has become a pivotal focus for organizations aiming to maintain a competitive advantage in the digital age. As AI reshapes business operations and drives innovation, the need for specialized leadership to effectively manage these changes becomes increasingly apparent. In this paper, I explore the role of the Chief AI Officer (CAIO) within the C-suite, emphasizing the necessity of this position for successful AI strategy, integration, and governance. I analyze future scenarios based on current trends in three key areas: the AI Economy, AI Organization, and Competition in the Age of AI. These explorations lay the foundation for identifying the antecedents (environmental, structural, and strategic factors) that justify the inclusion of a CAIO in top management teams. This sets the stage for a comprehensive examination of the CAIO's role and the broader implications of AI leadership. This paper advances the discussion on AI leadership by providing a rationale for the strategic integration of AI at the executive level and examining the role of the Chief AI Officer within organizations.

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  • Marc Schmitt, 2024. "Strategic Integration of Artificial Intelligence in the C-Suite: The Role of the Chief AI Officer," Papers 2407.10247, arXiv.org.
    • Handle: RePEc:arx:papers:2407.10247
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    1. Sturm, Timo & Pumplun, Luisa & Gerlach, Jin & Kowalczyk, Martin & Buxmann, Peter, 2023. "Machine Learning Advice in Managerial Decision-Making: The Overlooked Role of Decision Makers’ Advice Utilization," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 139044, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
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