🤖 Will AI replace the Strategy Consultant and automate strategy development?
🌐 Not quite, but AI will make it more efficient and effective! Welcome to the era where AI joins your strategy team to revolutionise strategy formulation.
Over the past months we've been helping clients look at the impact of AI on their business so it's only right we look at the impact it will have on what we do day to day.
🔍 AI's Role in Strategy Development: The answer lies in the nuanced collaboration between AI and human strategists. AI will help strategy teams and executives with more efficient and effective data-driven decision making, predictive analytics, customer insights analysis, competitive intelligence and operational efficiency.
📊 Growing AI maturity in Strategy Formulation: From simple analytics to full strategic execution. AI is already making waves in predictive analytics, providing strategic recommendations, and enhancing operational efficiency by automating some level of strategic decision making.
⚙️ Who will benefit most: Organizations with abundant data and fast-paced decision-making benefit the most from AI. The majority are gearing up, organising data structures for AI-powered analysis.
💼 AI as Your Newest Team Member: Fear not, strategists! AI isn't a threat; it's your newest team member. Strategy professionals, equipped with AI knowledge, guide organizations in AI adoption. The challenge? Finding business-savvy minds to embed AI effectively.
🚀 Strategy Consultants Need to be AI ready: Leading consultants will upskill in AI to be able to develop the right prompts to drive innovative insights, develop the scenarios for on-demand planning, and use the right AI efficiency tools to gather faster insights, develop more compelling strategic stories and use AI to get feedback before testing it with clients.
🌐 The Future: AI Reshaping Strategic Planning: AI's transformative power predicts a more efficient, effective, and democratized strategic planning experience. Small organizations can benefit, bridging the gap with large enterprises.
Full article on how we see strategy development change in the AI era!
At Tightrope, we're at the forefront, embracing AI to deliver value. Curious? Let's chat! 🚀 #AIinStrategy #FutureofWork #Innovation #Growth