AI-enabled Strategic Planning: Opportunities and Constraints in Automating Corporate Decision-making Processes

Abstract

               When organizations plan their strategies, they consider their future goals and can adapt well to market changes. Because new technology has been introduced, companies can now use Artificial Intelligence (AI) to help with their strategic planning. By using AI, companies can recognize new trends beforehand and respond promptly to changes. However, it is challenging to apply AI when creating strategies. Firms in the present age may encounter biased information, ethical problems and hesitation to shift their culture as they try to find a middle ground for both humans and machines in taking decisions. This paper reviews how AI is used in planning strategy, coming up with fresh ideas and decision-making, along with the challenges involved.