AI can help Australian orgs be more agile

Artificial intelligence could help organisations avoid bleeding jobs and money, according to a new study led by Charles Darwin University.

The study, based on data from 44 public and private sector Australian respondents, explored using AI to predict a company’s ability to effectively respond to change brought about by market competition, economic pressures, emerging technology and other disruptive factors.

In two scenarios, AI was able to predict with 99% and 97% accuracy how agile the organisations’ strategies were, according to lead author and Charles Darwin University Faculty of Science and Technology Associate Professor Niusha Shafiabady.

“Agility is a measure of how quickly an organisation can respond to change. In case of absence of agility, an organisation cannot adopt to change and this will have serious consequences,” she said.

“Not being agile is one of the factors that hinders progress and change and creates obstacles for organisations in executing their set strategies. This unsuccessful cycle would result in millions of dollars of loss where many people would be affected, and many would lose their jobs.”

The findings demonstrate that predictive AI can help organisations guide strategic growth and deliver on their strategies in a changing world, Shafiabady said.

“Being able to predict agility in organisations would help them set up strategies in accordance with their capabilities or enhance their capabilities in handling change in case they are eager to expand their strategic horizon.”

Image credit: iStock.com/metamorworks