AI Strategy

Rohan Sharma

Chapter Chapter 6 in AI and the Boardroom, 2024, pp 59-75 from Springer

Abstract: Abstract Crafting a comprehensive AI strategy isn’t a one-off task; it requires ongoing iteration and alignment with the business’s core goals. Organizations must adopt a flexible model that evolves with market changes and technological advances to maintain a competitive edge. The key to a successful AI strategy lies in integrating it with the overall business vision. Too often, companies prioritize isolated AI use cases, but real transformation happens when AI initiatives are linked to core business strategies and key performance indicators (KPIs). This kind of approach fosters genuine value creation, rather than just cost reduction. Moreover, communication plays a pivotal role. Leaders must convey a clear and ambitious AI vision, both internally and to the public, to shape market perceptions and build trust among employees and stakeholders. This chapter will guide you through the steps to establish a resilient AI strategy, from defining business-aligned AI goals to effectively communicating them for sustained impact. Are you ready to turn AI from a mere tool into a true differentiator for your company?

Date: 2024
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DOI: 10.1007/979-8-8688-0796-1_6

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