Artificial intelligence (AI) is a key driver of growth and innovation in the enterprise. But what happens when business priorities change?
Knowing how to adapt your AI strategy can prove difficult, especially for businesses where demand for their product or service dries up completely. Others, especially in the consumer products and retail sectors, are currently facing the challenge of an unprecedented surge in demand.
Whatever the circumstances, all businesses must protect cash flow and manage costs effectively. This gives them the resources they need to adapt accordingly to whatever the future holds. But do you have to take AI out of the picture entirely? Or can it help businesses prepare for the new normal?
To determine a course of action, take some time to review your current AI strategy with business readiness, impact, scalability, longevity, strategic fit, and ethical considerations in mind. This will help you determine where to hold, where to fold, and where to double down. Those AI strategies that score highly across the board warrant ongoing investment because they will help your business protect continuity and create longer-term resilience.