SPECIAL EDITION CEOBarometer: Megabuyte AI Strategy Framework

Over the last year, I've been working on a major research project on AI strategy. The genesis of this research programme was an AI-focused panel session at the 2023 Megabuyte CEOStrategy Offsite. The depth of audience engagement in that panel session, but also what appeared to be a lack of clear thinking around strategy on AI, left me in little doubt that there was more research needed in this critical area. So I set about sense checking that interpretation with multiple CEOs. And the consensus was clear - there is a strong desire, or perhaps imperative is a better word, to advance AI strategies despite prevailing uncertainties. The question, of course, is how? So, leveraging Megabuyte's expertise in transforming evidence-based analysis into actionable insights for CEOs, we set out to provide a contextualised AI strategy framework for the boards of UK scale-up and mid-market tech companies. The objective for tech companies in applying this framework is to optimise shareholder value by leveraging AI in the most effective and appropriate way, focusing on its integration into product strategy, operations, and also into corporate strategy. Our research at Megabuyte indicates that the UK tech sector is entering a phase of disruption as seismic as that of the early 2000s. In this context, strategic decisions made in the next two to three years will have undoubtedly have a disproportionate impact on shareholder value over the medium to long term. The future certainly presents both vast opportunities but also significant threats to growth and valuations. The key question is how we can determine what good looks like in terms of AI strategy. At Megabuyte we're privileged to have unique access to some 500 tech company boards here in the UK, and over the past year we solicited the views from many of the CEOs and CTOs in that network, and we triangulated them with our own research in order to answer this vitally important question. Our Strategy Framework Report synthesises insights from these interviews along with our own research and is now available to download free of charge from our website. In this special episode of the Megabuyte CEOBarometer, I will talk you through key takeaways from that report. But there's more in store. This report serves really as just Phase One of our research. The next step is to apply our framework to key technology sub sectors and delve deeper into the themes and get some more detailed insights within those parts of the market. And that will be for the benefit of our subscribers. If you're already a Megabuyte subscriber and you're interested in participating in this element of the research, please just do drop me a line or contact the person you speak to most frequently at Megabuyte. I fundamentally believe that this is the single most important strategic decision that every tech company, and indeed every company full stop, will face over the next decade.