Outsourced Chief Artificial Intelligence Officer (CAIO)

Australian businesses are several years behind some of their international peers in adopting AI and machine learning (ML). AI and ML use probability to "win games". Sounds simple, but these advanced mathematical concepts are not taught in traditional IT qualifications. The greatest challenge is organisational culture. Staff are often aware of the damage suffered by organisations that have rushed into AI and ML without appropriate safeguards.

This requires an executive with knowledge of the mathematical underpinnings of AI, and the skills to responsibly address valid concerns from ICT departments and the rest of the business.

What does a Chief AI Officer do?

A Chief AI Officer (CAIO) drives responsible adoption of AI and machine learning initiatives. They collaborate with colleagues, customers, suppliers and the CEO to ensure that these initiatives create tangible value and align with business strategy.

Skills of a Chief AI Officer

How much does an Outsourced CAIO cost?

For comparison: A recent US market survey revealed that the total salary package for Chief AI Officers ranged from $1.1 million to $2.6 million per year.

But we offer six options that are much better value:

Virtual CAIO Services hkjhk

Your expert CAIO will work remotely and make quarterly updates to an AI innovation pipeline, risk register, governance framework, training and board reports!

Quarterly rates are based on the numbers of AI initiatives, systems, stakeholder relationships and reports overseen by your virtual Chief AI Officer.

Request a Quote for vCAIO Services

Fractional CAIO Services

The range of services performed may be similar to a Virtual CFO.

The following weekly subscriptions are available:

  • $1,800: up to 5h/ week
  • $5,000: up to 15h/ week
  • $8,000: up to 25h/ week
  • $12,000: up to 40h/ week

These arrangements are also available for interim/ temporary CFO assignments.

One-off Opportunity Assessment

Point us to any aspect of your business and we will compare current state with the capabilities required to achieve your business goals. We will identify gaps and provide a prioritised roadmap of opportunities to bridge them with a combination of AI and traditional solutions.

You can then choose whether or not to engage us to implement any initiatives on the roadmap.

One-off Consulting Engagements

Our staff are experts in AI, machine learning and the governance of these initiatives. We can help your business navigate:

  • Identification/ prioritisaion of AI initiatives;
  • AI initiatives that didn't work;
  • Proofs of concept that failed to scale;
  • Ethical or change management challenges with AI initiatives.

Workshops and onsite training

The best AI solution is worthless if nobody agrees with it. Lucia Business Partners are experts in running workshops that achieve buy-in through creative problem solving and human centric design. Each workshop comes with tailored workshop materials and a prioritised roadmap report. Fees are:

  • $16k for a half-day workshop and up to 3 preparatory interviews.
  • $22k for a full-day workshop and up to 5 preparatory interviews.

Vendor selection and project management

If your AI vendors are not enabling your strategic goals, our experts can help you manage or replace them as appropriate.

Our team offers expertise to align your AI vendor partnerships with your strategic goals for optimal performance and success.

What people say about our staff

... cultivates and sustains productive working relationships by encouraging people to be involved and consulting with them in the decision making process.

Peter Wyllie | CFO

Queensland Rural and Industry Development Fund

... developed analysis models that I reviewed via Azure DevOps and Visual Studio. I endorse him for his outstanding data analytics skills.

Emad Abdelhadi | CEO

BiPoint

... The papers were also reviewed externally and found to be of a very high quality.

Judith Cottrell | Global Strategy Director | RPS Group Plc

OUR STAFF HAVE FEATURED IN

Work Process

Step 1

You book a call where we’ll discuss how an expert CFO can assist your business.

Step 2

Lucia Business Partners will send you a tailored proposal that is customised for your specific needs. Once you accept, we can get started asap.

Sounds great? Let's work together!

Book a call