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CFO Insights: Intelligence gathering – Bringing AI technology into strategic planning

Published on: Jun 11, 2021

AI’s wide scope of applications extends from the routine (predictive maintenance) to cutting edge (self-driving trucks). But for C-suite leaders, AI’s ability to generate decisions and assess outcomes based on complex data sets, combined with its dynamic capacity for adapting to new rules and information, offers another advantage: continuously updated strategic plans.

As outlined in Real Time Strategy: When Strategic Foresight Meets Artificial Intelligence, co-authored by three practitioners from Deloitte’s Center for the Long View, such a capability can help boost the ability of decision-makers to understand complex problems and enhance their capacity for action.

The goal of real time strategy, however, isn’t to figure out what will happen in the future. Instead, it leverages AI to equip companies to employ possible futures as a lens for making the best decisions in the present. That doesn’t mean the human element in strategic planning will be zapped into oblivion. In fact, it remains a vital component.

In this issue of CFO Insights, we’ll explore how AI-based innovation can help restore the centrality and value of strategic planning, aiding CFOs and other stakeholders to avoid entrenched thinking, resist dwelling on constraints, and consider a wider universe of strategic options.

This publication was released by our US firm.

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