"The foundation of an AI strategy is about vision, drivers and risks. It should focus on the essence of what an organization wants to achieve with AI, and be fully aligned with its business strategy. Digital workplace leaders should have regular discussions with relevant stakeholders, including C-level managers. Together, they should identify and formulate a vision that answers the question about the importance of AI to the organization, given its business goals, current market circumstances and competitor activities."
"Finally, digital workplace leaders need to guide the stakeholder group to help identify where strategic risks may lie. Together, the group must be conscientious of compliance, ethics, security and reputation, as well as other areas that the use of AI might pose risks to. And then, the group must be able to identify action plans to mitigate those risks. From strategy to execution"
An effective AI strategy requires a clear vision, identification of drivers, and assessment of risks aligned with overall business strategy. Digital workplace leaders must engage relevant stakeholders, including C-level managers, to formulate a vision that defines AI's importance relative to business goals, market conditions, and competitor activity. Leaders must identify key business and technology trends that drive priorities, including how AI will affect society and specific markets. Governance must cover compliance, ethics, security, and reputation, with concrete mitigation plans. Strategy must be translated into action through goal setting and management of initiatives within an AI portfolio.
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