Use GenAI to Improve Scenario Planning

Article by Daniel J. Finkenstadt et al: “Businesses are increasingly leveraging strategic foresight and scenario planning to navigate uncertainties stemming from climate change, global conflicts, and technological advancements. Traditional methods, however, struggle with identifying key trends, exploring multiple scenarios, and providing actionable guidance. Generative AI offers a robust alternative, enabling rapid, cost-effective, and comprehensive contingency planning. This AI-driven approach enhances scenario creation, narrative exploration, and strategy generation, providing detailed, adaptable strategies rather than conclusive solutions. This approach demands accurate, relevant data and encourages iterative refinement, transforming how organizations forecast and strategize for the future…(More)”.