"The business industry is experiencing significant growth, with a large share of that growth driven by technology. AI is a product of this technology and has had a significant impact on how individuals and organisations think, plan, and make decisions. We live in an era controlled by data, meaning strategic thinking no longer relies on intuition or experience. With AI, individuals can analyse complex information, predict the future, and make better decisions."
"When making decisions, human beings are always prone to cognitive biases, emotions, and incomplete information. Even though AI is not free from bias, since it heavily relies on the data and models used, it can be a significant tool for reducing certain human errors, provided it is properly designed. AI in business strategy provides a consistent pattern for analysing data, resulting in an objective assessment."
AI drives business growth by converting raw data into actionable insights that reshape strategic thinking. AI enables analysis of complex information, prediction of future trends, and improved decision quality. Properly designed AI reduces human cognitive biases and provides consistent, objective data assessments, improving the combined human–AI decision process. Continuous processing of incoming data enables real-time decision-making, allowing rapid responses in cybersecurity, emergency response, logistics, and healthcare to reduce losses and maintain stability. AI acts as a decision support tool that enhances leaders' capabilities rather than replacing them. Strategic planning increasingly depends on data-driven AI insights instead of intuition alone.
Read at London Business News | Londonlovesbusiness.com
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