This document provides guidance for CIOs and CTOs on how to leverage generative AI within their organizations. It outlines 9 actions they can take: 1) determine the company's posture on generative AI adoption, 2) identify high-value use cases, 3) reimagine the technology function and focus on areas like software development, technical debt reduction, and IT operations, 4) leverage existing generative AI services or adapt open-source models, 5) upgrade the enterprise technology architecture, 6) develop a data architecture, 7) create a centralized generative AI platform team, 8) invest in upskilling key roles, and 9) evaluate new risks and establish mitigation practices. Taking these actions can help organizations