AI Strategy
An effective AI strategy starts with the business strategy, not the technology.
To develop an effective AI strategy requires more than identifying and prioritising individual use cases.
Many organisations take the approach of looking at individual use cases, however this approach risks delivering isolated improvements rather than a meaningful transformation, even worse many organisations are allowing business units to use AI in an uncoordinated way.
The real opportunity lies in a coordinated AI strategy that directly supports the organisations overarching business objectives. They start implementing and using AI before establishing what is actually needed.
Responsibility is handed over to IT teams, who in most cases are disconnected from the strategic priorities of the organisation.
The most successful AI strategies start with the business strategy.
The key question you should answer is:
“What are we trying to achieve as a business, and how can we leverage the opportunities AI open up for us to deliver genuine value”.
Steps I recommend are;
- Define the business objectives
- Identify strategic challenges (what outcomes can AI support)
- Assess AI opportunities
- Prioritise collaboratively (bring business, IT, Data, Risk and Security leaders together)
- Establish governance (Mandates, accountabilities, decision making etc.)
- Track outcomes (business impact, NOT number of AI solutions deployed)
- Scale strategically
AI Transformation is ultimately business transformation enabled by technology
