AI and Strategy: How New Tools Can Boost the Evolution of Strategic Decision-Making

Andrea Piazzoli ()
Additional contact information
Andrea Piazzoli: Università degli Studi di Firenze

A chapter in Socio-economic Impact of Artificial Intelligence, 2024, pp 247-260 from Springer

Abstract: Abstract Artificial intelligence (AI) is revolutionising strategic decision-making by introducing new tools that enhance efficacy and accuracy of predictions. This chapter examines the historical evolution of strategy, from ancient military tactics to modern business strategies, highlighting how AI’s capabilities align with strategic needs. It explores AI’s role in predictive modeling, scenario analysis, and optimisation, which provide data-driven insights for better decision-making. The chapter also discusses the ethical considerations and potential biases in AI applications, emphasising the importance of responsible AI use. It concludes by advocating for a skills-based approach to AI integration, ensuring that strategic decisions are informed by both advanced tools and human judgment.

Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prochp:978-3-031-73514-1_18

Ordering information: This item can be ordered from
http://www.springer.com/9783031735141

DOI: 10.1007/978-3-031-73514-1_18

Access Statistics for this chapter

More chapters in Progress in IS from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().