How can boards better understand the potential impact of AI? The authors suggest six scenarios every board should consider and act on, from anticipating extreme operational changes to predicting new strategic ways to compete to predicting existential threats that could disrupt the business.
AI is a disruptive force with the potential to upend many existing aspects of our economy. We believe boards can best explain AI by understanding how AI will impact their business through scenarios. AI is moving too quickly to take the traditional approach of turning to strategy teams or consulting firms to get hard data on trends to use in discussions. Instead, by driving structured discussions that use different scenarios about how AI can impact company culture and reshape the business, we can more clearly see and anticipate future possibilities and develop appropriate plans that can go further. It can shape the future direction.