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Fortune
Fortune
Sheryl Estrada

Why CFOs—not chief AI officers—are the secret to getting real value from AI

Abstract business graph of AI growth. market growth, analysis, and future projections. (Credit: Getty Images)

Good morning. Typically, value accountability for AI falls on the chief data and analytics officers or chief AI officers, Laks Srinivasan, co-founder and CEO of the Return on AI Institute, told me. But when CFOs oversee AI projects and are responsible for scoring outcomes, companies tend to extract more value, he said.

Srinivasan, an AI strategy expert, co-authored the study, “Economic Maturity for Artificial Intelligence,” with Thomas H. Davenport, a Babson College professor, MIT fellow, and co-founder of the Return on AI Institute. The findings are based on a survey of 1,006 C-suite executives across 11 countries and 32 industries, plus interviews with technology, data and AI leaders.

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