IIC Journal of Innovation 11th Edition | Page 77

So, you think you have an AI strategy? Think again. Figure 14: Open Strategy vs. Classical Strategy customers, partners or suppliers to address topics such as reusability, disposability and recyclability. In open strategy activities, we recommend corporate and/or business unit technology and business leaders “stress test” their existing or proposed AI strategy and plans against various types of plausible futures and adapt them appropriately. In conclusion, characterizing the social impact of AI technologies, products and services remains an open challenge for organizations. Despite this, there are cost effective ways to proactively mitigate risks and promote benefits. In part two, we recommend utilizing new analytical methods and techniques that were designed to focus on the social impact of AI. By using methods like SIFA, an organization can standardize, grade and share results on the plausible systemic risks and benefits of AI to internal and external stakeholders. Internally, the results and insights can be used as filters in market and technology scanning activities or contribute towards go/no-go decisions on technology investments. Externally, the criteria, methods and results can be shared with - 73 - June 2019