AI could be used to help organisations stay agile
Artificial intelligence (AI) could be key to companies avoiding significant losses of jobs, money and more according to a study led by Charles Darwin University (CDU).
The study explored using AI to predict organisational agility, or a company’s ability to effectively respond to change, brought about by factors such as market competition, economic pressures, and emerging technology.
Data from 44 respondents in public and private Australian sectors was used to build AI models to predict how agile the organisations were based questions around agility practices.
In two different scenarios, the AI was able to predict with 99 and 97 per cent accuracy how agile the organisations’ strategies were.
Lead author and CDU Faculty of Science and Technology Associate Professor Niusha Shafiabady said the data could inform organisations on how they could improve their agility through strategies such as being flexible and adaptable, having open communications and empowering team members.
“Agility is a measure of how quickly an organisation can respond to change. In case of absence of agility, an organisation cannot adopt to change and this will have serious consequences,” Associate Professor Shafiabady said.
“Not being agile is one of the factors that hinders progress and change and creates obstacles for organisations in executing their set strategies. This unsuccessful cycle would result in millions of dollars of loss where many people would be affected, and many would lose their jobs.
“Artificial Intelligence has the ability to predict agility and every organisation can use the agility measure to align its strategic horizons and address the issues which are hindering the organisations from progressing and succeeding in advance using the AI predictions.”
Associate Professor Shafiabady said predictive AI was an invaluable tool that organisations should use to guide strategic growth.
“Predictive AI models can assist organisations immensely in delivering on strategy in a changing world,” she said.
“Being able to predict agility in organisations would help them set up strategies in accordance with their capabilities or enhance their capabilities in handling change in case they are eager to expand their strategic horizon.”
The study, ‘Using Artificial Intelligence (AI) to predict organizational agility’, was undertaken with Torrens University, The University of New England, The University of New South Wales and Central Queensland University.
It was published in journal PLOS ONE.
Related Articles
Green thumbs up: Project combines YouTube and AI to boost biosecurity
Gardening videos attract millions of views on YouTube each year, but an innovative research project has showed how this content could be critical in protecting Australia’s biosecurity.
Read more about Green thumbs up: Project combines YouTube and AI to boost biosecurity
Reasons for illegal fishing “more nuanced” than previously thought, international research shows
A resurgence of illegal fishing in northern Australian waters is cause for environmental, biosecurity and social concern, and new research suggests the causes of this activity are increasingly complex.
Read more about Reasons for illegal fishing “more nuanced” than previously thought, international research shows
Australia mapped into global sharks and rays database
A global database documenting the location of critical habitats for sharks, rays, and chimaeras has recently expanded to include Australia, with years of extensive research by Charles Darwin University contributing to this crucial digital record.
Read more about Australia mapped into global sharks and rays database