A shift in the business world is underway. Strategy, once the domain of humans alone, is increasingly being handed over to machines. Algorithms and artificial intelligence are now capable of making decisions that were previously the exclusive realm of human strategists. This is not to say that human input is no longer required. Rather, humans and machines must work together, with humans focusing on what they do best: asking questions, imagining possibilities, and, above all, exercising judgement.
Machines, on the other hand, excel at answering questions, especially those involving large amounts of data. They can sift through vast quantities of information, identify patterns, and make predictions. But they are not infallible. They are only as good as the data they are given and the algorithms they use.
This new era of machine-led strategy requires a new type of strategist. This individual will need to understand how to use machines to their advantage, how to interpret their outputs, and how to intervene when necessary. This is the future of strategy: a partnership between human and machine, each playing to their strengths.
One thing is clear: the rise of the strategy machines is not a threat to human strategists, but an opportunity. It is a chance to leverage the power of machines to make better, more informed decisions. It is a chance to redefine strategy for the 21st century.
Go to source article: http://sloanreview.mit.edu/article/rise-of-the-strategy-machines/