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The Future of Business Strategy: Integrating AI and Analytics

Aug22



There was a shift from intuition to data-driven decision making, leveraging experience an expertise of people who has been there and done that. Technology has come a long way, and it's moving quickly. For a time Analytics reigned king in the hype cycle, and Advanced Analytics, and Data Science, and Machine Learning, then AI, and Generative AI. One thing still holds true, the future of Business Strategy is to integrate the best tools.

The aim here is to provide some thought starters and thought leadership for modern business strategy that integrates AI, Analytics, and whatever is yet to come. Some important aspects to consider:

  • Ethics, privacy, and regulations will remain a top concern, and will guide adoption of these emerging technologies
  • Staying competitive in Business Strategy and Analytics requires adaptation, including utilizing the latest tools
  • Market trends shift and sway, knowing where the market is at and how to strategically position oneself, a company, and Analytics tools will always be helpful
  • Integrating Analytics and AI will assist in forward-looking predictions, forecasts, and roadmaps with a longer Business Strategy view than other tools
  • Sudden leaps in technology implementation can lead to bumps in the road, some implementations are better done with gradual transitions, while others can be plug and play
  • Better tools should lead to a better customer experience
  • Data specialists' roles will shift, utilizing human-in-the-loop Analytics and AI, with AI and GenAI assisting rather than replacing

 

By Dan Banas

Keywords: AI, Analytics, Business Strategy

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