The Fast Company Impact Council highlights the growing importance of AI literacy among executives as AI becomes integral to business strategy. Despite being central to competition and decision-making, many leaders fail to discern AI's true value. Research shows companies with AI-literate teams excel at recognizing AI opportunities. This necessitates a shift in perspective: AI should be regarded as a leadership issue rather than purely a tech responsibility. Without a collective understanding among executives, initiatives like appointing a chief AI officer may falter, underscoring the need for overall literacy in AI to navigate its challenges effectively.
"Hiring a CAIO is like hiring a pilot for a crew that doesn't believe in flying."
"The overall low literacy rate is a problem for today's executives, who will face more and more processes or products that claim to be 'powered by AI.'"
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