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The India Strategy Conference 2024 at IIMA focused on AI's transformative impact on business strategy. Experts discussed AI's influence on governance, innovation, and societal change, emphasizing its critical role in shaping corporate environments. Keynote speakers from Purdue and Harvard highlighted the necessity of integrating human expertise with AI tools for effective strategy formulation.
The conference featured six tracks addressing global business themes, including digital transformation and environmental considerations. The insights shared by leading academics underscored the urgency for businesses to adapt to AI advancements. This event marks a significant step in understanding how AI can redefine strategic planning in various sectors.
• AI's transformative potential in corporate strategy was a key focus.
• Human expertise is essential for effective AI integration in business.
AI refers to the simulation of human intelligence in machines, crucial for modern business strategies.
Digital transformation involves integrating digital technology into all areas of business, reshaping operations and value delivery.
Corporate strategy defines the overall direction and scope of an organization, increasingly influenced by AI technologies.
Purdue University is known for its research in AI, contributing insights on its application in corporate strategy.
Harvard Business School emphasizes the importance of AI in shaping future business practices and strategies.
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