AI Strategy Definition
This method helps teams define a clear and concise AI strategy that aligns with the overall corporate strategy. It ensures that AI initiatives contribute to broader strategic goals and competitive advantages.
Use this method after analyzing market drivers and when the team needs to articulate a clear AI vision and objectives.
Solves: AI initiatives that are disconnected from overall business goals, lack of clarity on the strategic purpose of AI, difficulty prioritizing AI investments.
- 1
Step 1: Review Corporate Strategy (10 mins). Briefly review the company's overall strategic goals and competitive advantages.
- 2
Step 2: Identify AI Opportunities (15 mins). Brainstorm areas where AI can reinforce existing strengths and contribute to strategic goals.
- 3
Step 3: Define AI Objectives (20 mins). For each opportunity, define specific, measurable, achievable, relevant, and time-bound (SMART) objectives.
- 4
Step 4: Align with Corporate Strategy (15 mins). Ensure that the AI objectives are directly aligned with and contribute to the overall corporate strategy.
- Encourage participants to think beyond incremental improvements and consider transformative opportunities.
- Ensure that the AI objectives are ambitious but realistic.
- Use a SWOT analysis to identify AI opportunities.
- Conduct a competitive analysis to understand how competitors are using AI.