G A U G I N G T H E M A R K E T
G A U G I N G T H E M A R K E T
TO NAVIGATE THIS EVOLVING LANDSCAPE , FINTECH LEADERS MUST PRIORITISE BUILDING A CULTURE OF COLLABORATION WITHIN THE C-SUITE . THIS STARTS WITH REDEFINING THE BOUNDARIES AND EXPECTATIONS OF EACH ROLE . strategies consider the technological capabilities of the company .
• Shared KPIs : Establishing shared key performance indicators ( KPIs ) that cross-functional teams are jointly responsible for can also break down silos . When success is measured collectively , it incentivises leaders to work together .
• Cross-departmental teams : Encouraging cross-departmental teams to tackle key projects , such as Digital Transformation initiatives or implementing new FinTech tools , can promote collaboration and ensure that different perspectives are considered early on in the planning process .
The emergence of the CAIO
Just as we ’ ve seen the rise of the Chief Strategy , Chief Commercial Officers and Chief Partner Officers over the past decade , I believe over the next five years we ’ ll see the full emergence of the Chief Artificial Intelligence Officer within tech businesses . We ’ re already seeing the likes of SAP and Eli Lilly appoint CAIOs and there ’ s no doubt in my mind that more businesses across all sectors will continue this trend .
Currently , the implementation of AI across products falls to CTOs , CPOs or CIOs , but the potential for CAIOs is far more than product implementation . It ’ s about how AI can be used more broadly across businesses to drive efficiency , revenue , innovation and competitive advantage .
The FinTech C-Suite of the future
There ’ s no one-size-fits-all approach when it comes to building the perfect C-Suite . Different businesses will have different requirements and focuses , but it ’ s the CEO ’ s job to identify those and build for the future as we move into the age of AI . We must accept that the traditional C-Suite has been replaced by one much better suited to the new FinTech landscape . � www . intelligentfin . tech
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