Question

How does an AI strategic plan align with broader business outlooks and digital transformation initiatives?

An AI strategic plan aligns with broader business outlooks and digital transformation initiatives by defining short-term, mid-term, and long-term strategic goals. These goals are then broken down into detailed AI initiatives. Each initiative requires a certain amount of investment and has a projected return on investment. This way, the AI strategic plan not only aligns with the business outlook but also contributes to the digital transformation initiatives by providing a clear roadmap for investment and expected returns.

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An indispensable part of any strategic plan is its quantitative impact. The AI strategy ROI analysis starts with defining the short-term, mid-term, and long-term strategic goals and each goal's main success metric. Then, each goal branches out into more detailed AI initiatives. For each initiative, document the amount of investment it requires, and the projected return on investment. Alternatively, metric-based outcomes can also be presented by following the evergreen components of a Balanced Scorecard.

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