The Importance of Having an AI Strategy

Having an AI strategy has become a significant concern for companies in the last six months. It is more challenging to define and understand what AI means compared to technologies like 5G. While 5G was a clear and contained technology that not everyone needed, AI has broader implications and is relevant to a wider range of industries. Understanding the different aspects of AI, such as generative models and reasoning engines, is crucial in developing an effective strategy. Industries like software development and advertising/marketing have more obvious and concentrated use cases for AI, but even traditional industries like CPG companies can benefit from exploring AI within their supply chains, marketing, and product development. It is still a challenge to determine the extent of AI's impact and the potential future applications, making it essential for companies to stay adaptable and open to new possibilities.