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2024 Executive Insight: Chief AI Officers

As artificial intelligence continues to revolutionize industries, companies are rethinking how they structure their leadership teams to stay ahead. Our latest research explores the rise of the Chief AI Officer (CAIO), a rapidly growing role that reflects AI’s increasing influence on organizational strategy and talent planning.

An limited look at the chief AI Officer Infographic

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In this snapshot of CAIO trends, we uncover

  • Explosive Growth: The number of new Chief AI Officer roles being created has grown from below 15 in 2021 to a projected 51 by end-2024 among almost 35,000 US public and private companies. This threefold increase highlights the critical importance being given to ensuring AI expertise is present within top management.
  • The Private Sector Leads the Charge: 63% of current CAIO roles around the world stem from the private sector. Organizations from industries like technology, business services and media are setting the pace in embedding AI leadership into their corporate strategies.
  • A Changing Talent Strategy: Most CAIOs are promoted into their roles internally, emphasizing the need for companies to cultivate in-house AI talent. Yet their senior-level experience outside of technology remains limited, underlining the specialist nature of this role.

Altrata’s latest infographic provides a concise overview of the evolving CAIO landscape, offering insights into the backgrounds and characteristics of the individuals in this role. The study is a critical read for organizations that want to explore AI-driven decision-making at the highest levels.

Discover how the Chief AI Officer role is shaping the future of business and download the full infographic to explore more key findings.

This study was based on analysis from two of Altrata’s products: BoardEx and Boardroom Insiders. The analysis centered on current Chief AI Officers around the world who are in a CAIO role or on their organization’s leadership team with a role title which includes the term “AI” or “artificial intelligence.” This report leveraged BoardEx’s unique and proprietary Global Leadership Database, covering board and non-board members, C-suite executives, senior leaders and professional advisers. The database contains millions of profiles of public, private and not-for-profit organizations and the people who lead them. Boardroom Insiders’ detailed executive profiles include the professional backgrounds, business priorities and strategic vision of VP and C-level executives of the Global 2000, the world’s 2000 largest companies.

Maya Imberg is the Head of Thought Leadership and Analytics at Altrata. She is responsible for spearheading the company’s thought leadership efforts and overseeing its analytics and predictive modeling services commissioned by clients. She joined Altrata’s Wealth-X in 2016 as Director of Custom Research responsible for secondary research, data analytics and branded content. Maya has over fifteen years of experience in research, spanning market research, macroeconomics and financial services. Prior to joining Wealth-X, Maya held a variety of consultant and economist roles at the Economist Intelligence Unit and spent a number of years working for Datamonitor’s Financial Services practice. Maya holds an undergraduate and MSc degree in economics and comparative politics from the University of Pennsylvania and London School of Economics respectively.