The boardroom is meant to be place for the leadership team to convene and work towards becoming the ‘creme de la crop' of their field. However, most often, it ends up being the scene of showdowns when ego and personal differences come in the way. This leads to heated arguments with no conflict resolution and ends up wasting valuable time, which could have been spent on the betterment of the company. The root of all this is usually stress induced by uncertainty, rising complexity, and rapid change.
Artificial Intelligence can be used to resolve these issues by:
- Analysing data from the past to uncover important factors such as what the company did right, where they began to go wrong, current problem areas and potential problems the could occur in the future.
- Unbiased opinions on the product itself: how useful it actually is, what improvements can be made and so much more.
- The change in the target market: New trends in the market, how the product is performing in the market because of these changes and why.
- Employee Analytics: Which employees are contributing the most, wether the employees are wasting their time in certain areas which do not help with the growth of the company
- Uncover issues in the communication between departments in the company. For example the design department and engineering department need to work closely to create a good product that can be put in the market. If there are any communication issues, then this will lead to deterioration of the product.
Usually the leadership team has to analyse and detect all these important factors themselves, but with Artificial Intelligence, they can now uncover valuable insights from their history, market data, consumer feedback and more to make well informed decisions and work on damage control plans, if required, to lead their company to the top.