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Want to build an AI-informed strategy?
The AI industry is evolving quicker than ever.
If you’re not staying on top of what’s happening in the space, you’re losing to your competition.
Here’s the issue…
Executives know AI is important. But they’re unsure what to follow to stay updated on AI news.
Without a solid list of resources, developing your AI strategy is based on guesswork.
And guesswork isn’t good enough when 74% of companies fail to scale AI use cases.
Lucky for you, we broke down the best resources for executives looking to build a fool-proof AI strategy.
By reading weekly insights on AI, business leaders can stay up-to-date on election news and updates that impact their companies.
Let’s dive in.
TLDR:
- Why executives should be following AI resources
- Types of AI resources every leader should follow
- How to create your AI information strategy
- How to use information to your advantage
Why Executives Should Follow AI Resources
AI is disrupting every industry. From tech to agriculture.
Here are a few stats to consider:
The majority of AI related decisions are now made by c-suite executives. They make up 76% of AI decision makers.
With this in mind, companies need to stay updated on what’s really happening in the world of AI.
If they don’t, they’re taking a huge risk.
According to research companies without an AI strategy only have a 37% success rate of AI adoption. That number jumps to 80% when companies have a documented AI strategy.
Executives who are reading and staying up-to-date with current AI trends will learn about new opportunities and insights to push their business forward. While their competitors who don’t know what’s going on will fall behind by making costly mistakes.
AI resources are where you should start.
Best Types of AI Resources to Follow
AI resources come in all shapes and sizes. Some will waste your time. Others will provide you with valuable information to help your business.
Here are a few types of resources that will save you time and help your company:
Industry Research
Industry research from firms like McKinsey, Deloitte, and BCG are the best places to collect information on your competition.
Not only will these organizations tell you what’s happening in the world of AI, but they’ll have surveys and data from thousands of other companies.
Here’s why it matters:
- Learn what other high performing companies are doing
- See how you compare to your competitors
- Learn what your potential risks are
Industry research can be found in blogs, but the majority of it is found in research reports. The good news, is that many of these reports are free.
Newsletters/Digests
Newsletters aren’t just for email subscribers. They’re for busy executives like you.
Weekly digests give you access to hundreds of articles that have already been filtered for you. All you have to do is read them.
Here’s what you should look for in a good newsletter:
- Concise bullet points on business AI applications
- Insider analysis (not just news regurgitation)
- Trusted sources (don’t trust everything you read)
Newsletters will save you hours of research each week.
Peer Network
Other executives.
The best thing you can learn about AI will come from another leader who has already made mistakes.
Executive networking forums are a great way to learn from your peers who have already tested out strategies.
Building Your AI Information Strategy
Information is powerful. But if you don’t know how to take action on what you learn, it’s useless.
Here’s how to use information to your advantage:
Schedule AI Learning Time
Set a day and time each week to catch up on your AI intelligence.
Instead of trying to find time here and there to stay up-to-date, you’re wasting your time.
Here’s a better approach:
- Same day each week
- Same order of sources
- Same notebook for taking notes
Your brain will start to crave this “me-time” because you’ll be establishing a habit.
Only Read What’s Relevant
You don’t need to read about every AI tactic.
Executives should focus on what matters for their business. Don’t get caught up in learning about AI. Learn how AI applies to your business.
Share with Leadership Team
You’re not the only person who should know what you learn.
Take your notes to your leadership team. Discuss what you learned and how you can utilize those ideas to better your company.
This accomplishes two things.
One, you’re now forcing your teammates to stay AI aware. Secondly, more brains equal more ideas.
Using What You Learn
The last step to winning is simple. Execute.
You learn about new AI tactics to physically apply to your business. Not to distract yourself from work.
Connect What You Learn to Current Initiatives
If you’re reading about a current trend, ask yourself how you can apply this to your current projects.
Maybe your original strategy was correct. But maybe you just found a new, better way.
Knowing what doesn’t work is just as valuable as knowing what does.
Track Your Most Valuable Sources
As you grow in your AI journey, you’ll notice certain sources provide more value than others.
Use this to your advantage. Curate your list and focus on what’s proven to provide the best information.
Wrapping It Up
AI is here to stay. If you want your company to be successful, you need to stay informed on what’s happening.
We broke down the best types of resources for you to follow, how to build your info strategy, and how to take action on what you learn.
To recap:
- Schedule time every week to catch up on AI news
- Follow AI resources that apply to your business
- Don’t go at it alone… share what you learn with your team
- Connect what you learn to current business initiatives
Frequently Asked Questions
How often should executives follow AI resources?
Ideally, executives should learn about AI once a week. Whether that be reading an AI newsletter or a new industry research report.
What qualifies as a good AI resource?
AI resources that focus on providing business insights instead of just throwing AI buzz words at you.
How do I know what AI resources are trustworthy?
You don’t. But you can find out. Trust your gut. If something sounds too good to be true, it probably is. Research who is providing you with the information.
