Stirewalt notes that the role of AI and ML in strategic planning and investment decision-making has become more pronounced over the years. He observes that these advanced analytical capabilities are now more readily available, enabling a wider range of businesses to make informed investment decisions. In his next article, he plans to explore how commercially available AI and ML tools are shaping the future of technology investment strategies.
Key takeaways:
- AI and ML are becoming essential tools in making business cases for technology investments, with their ability to analyze extensive data, predict outcomes, and optimize processes.
- These technologies are used in various ways, such as conducting comprehensive market analysis, automating financial projections, customizing investment strategies, and evaluating technological feasibility and market readiness.
- AI and ML also play a significant role in risk management and compliance within value engineering, identifying potential risks and ensuring compliance with industry standards and regulations.
- The role of AI and ML in strategic planning and investment decision-making has become more pronounced over the years, with these advanced analytical capabilities now more readily available to a wider range of businesses.