Why companies should have an AI business strategy in place

Companies across many industries are increasingly becoming AI-charged, which means they’re using the technology to drastically increase productivity and efficiency across a range of specific use cases. However, the rapidly rising number of AI applications requires companies to develop a coherent and comprehensive business strategy around the technology. 

AI will soon be integrated across products, services, operations, support, and governance which means companies will need to actively break down internal silos to avoid duplicated efforts and misalignments. Another critical priority during the AI revolution is talent acquisition and retention. While powerhouses like Google, Meta, and Amazon have monopolised a significant share of talent in the field, there has also been a profusion of startups using public data to create new products and new jobs.