Published on June 6, 2024, 5:08 pm

Get the latest insights on Generative AI through CIO Dive’s free newsletter offering exclusive content directly to your inbox. As the era of generative AI unfolds, a new six-week program is set to empower executives spanning various sectors with essential change management tactics and talent development capabilities.

Amidst the rapid advancement in Generative AI technology, training opportunities have surged to cater to executives and employees seeking to delve into this domain. Leading tech giants such as AWS, Microsoft, and Google have rolled out complimentary AI training courses, broadening their educational offerings. These courses not only facilitate the adoption of specific tools or platforms like Azure OpenAI Service and Amazon Bedrock but also provide significant benefits for participants.

Individuals equipped with skills in Generative AI can potentially secure nearly a 50% increase in salaries compared to their counterparts lacking expertise in this field, according to a recent report by Indeed. Moreover, organizations are increasingly recognizing the necessity of specialized knowledge to navigate governance challenges arising from the widespread integration of AI technologies.

Failure to formulate a comprehensive strategy may impede CIOs from optimizing employee experience gains while implementing AI tools within their workforce. Research indicates that employees tend to focus on tasks of lower value when aided by AI solutions, as highlighted in a recent survey by Slack; however, those trained in AI were 19 times more likely to acknowledge an enhancement in productivity due to AI implementation.

Acknowledging these trends, leaders are urged not to overlook existing tools amidst the excitement surrounding Generative AI technologies. Mathematica CIO Akira Bell emphasized the importance of utilizing all available resources during her address at the MIT Sloan CIO Symposium.

In line with this trajectory, notable collaborations are emerging in the industry – such as the partnership between a cosmetics giant and Microsoft aimed at establishing an innovation lab dedicated to exploring Generative AI applications across multiple brands.

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