The emergence of generative AI has brought a new surge of excitement to the field of applied AI, which is set to be a key lever of transformation, disruption and competitive advantage. According to a survey by McKinsey, AI adoption has doubled in the last five years, however, it appears to have plateaued with the top use cases remaining stable. Generative AI has the potential to reshape this landscape by opening up new possibilities and transforming traditional business processes. This article by Manoj Singhal, a Forbes Councils Member and Managing Partner at Stratezys, explores the evolving role of CIOs and CTOs in the AI economy.
Opinion:
Generative AI has the potential to revolutionize the way businesses operate, however, it is important to remember that it is only as effective as the people who are driving it. CIOs and CTOs must be prepared to take on a more active role in the AI economy, as they are the ones who will be responsible for leading the charge in terms of adoption and implementation. It is also important to ensure that the right processes and systems are in place to maximize the potential of AI and ensure that it is used in an ethical and responsible manner.
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