AI-Driven Strategic Foresight: Anticipating Future Trends and Modelling Business Strategies

Ahmed Abdel Qader Ismail Alnajem, Amer Ibrahim, Mayasa M. Abdulrahman, Abdulrazak A. Abdulrazak Al-Kubaisi, Jamal Fadhil Tawfeq, Mohammad Khishe, Ali Saeed

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

In a generation characterized with the aid of speedy technological advancements, socio-monetary shifts, and environmental challenges, groups need to undertake proactive strategies to stay aggressive and resilient. Strategic foresight, which entails expecting destiny tendencies and modeling enterprise techniques, accordingly, emerges as a vital device in navigating this uncertainty. The trouble this have a look at addresses is the growing trouble groups face in predicting and making ready for destiny disruptions the use of conventional forecasting techniques. The number one goals of this have a look at are to discover the important thing methodologies and gear of strategic foresight, display how those techniques may be implemented to assume destiny tendencies, and offer insights on integrating foresight into enterprise approach formulation. This has a look at contributes to the present frame of information with the aid of using providing a complete evaluation of strategic foresight techniques, which includes environmental scanning, situation planning, the Delphi method, fashion evaluation, SWOT and PESTLE evaluation, and era street mapping. Research findings show that forward-looking strategies provide an organization with the ability to identify potential risks and opportunities, develop adaptive strategies, and achieve long-term growth Specifically, strategic organizations using anticipation reports a 30% increase in the ability to anticipate market fluctuations, a 25% improvement in strategic haste and a 20% reduction in unexpected disruptions, of consumer goods etc. Case studies of various industries demonstrate the practical application and usefulness of forecasting in real-world situations The study concludes that incorporating forward-looking strategies into business planning does not that it not only prepares organizations for future challenges but empowers them to shape their future and ensure sustainable competitive advantage.

Original languageEnglish
Title of host publication2024 International Conference on Decision Aid Sciences and Applications, DASA 2024
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9798350369106
DOIs
Publication statusPublished - 2024
Externally publishedYes
Event2024 International Conference on Decision Aid Sciences and Applications, DASA 2024 - Manama, Bahrain
Duration: Dec 11 2024Dec 12 2024

Publication series

Name2024 International Conference on Decision Aid Sciences and Applications, DASA 2024

Conference

Conference2024 International Conference on Decision Aid Sciences and Applications, DASA 2024
Country/TerritoryBahrain
CityManama
Period12/11/2412/12/24

Keywords

  • Business Management
  • business strategies
  • Delphi method
  • environmental scanning
  • scenario planning
  • Strategy Management

ASJC Scopus subject areas

  • Artificial Intelligence
  • Computer Networks and Communications
  • Computer Science Applications
  • Hardware and Architecture
  • Decision Sciences (miscellaneous)
  • Information Systems and Management
  • Control and Optimization

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