How can boards better understand the potential impacts of AI? The authors suggest six scenarios that all boards should consider – and then act on – ranging from forecasting extreme operational changes, to anticipating new strategic ways to compete, to foreseeing existential threats that could harm the company’s business. everyone’s activity.
AI is a disruptive force with the potential to upend many established aspects of our economy. We believe boards can talk more effectively about AI by building scenarios to understand its impact on their business. AI is evolving too quickly to take the conventional approach of tasking a strategy team or consulting firm with bringing hard data on trends to use for discussion. Instead, by leading a structured discussion that uses a range of scenarios about how AI may affect corporate culture and reshape your business, you can see future possibilities more clearly and make appropriate plans to anticipate and, better yet, shape the direction going forward.
