How can boards better understand the potential impacts of AI? The authors suggest six scenarios that all boards must consider — and then act upon — ranging from predicting extreme operational changes, to anticipating new strategic ways to compete, to foreseeing existential threats that could obviate one’s business.
AI is a disruptive force with the potential to upend many established aspects of our economy. We believe boards can most effectively talk about AI by working through scenarios to understand how it impacts their business. AI is moving too quickly to take the conventional approach of commissioning a strategy team or a consultancy to bring solid data on trends to use for discussion. Instead, by driving a structured discussion that uses a range of scenarios for how AI can affect company culture and reshape your business, you can see future possibilities more clearly and develop appropriate plans to anticipate, and better yet, shape the direction ahead.