It is necessary to have the right artificial intelligence (AI) strategy before planning to deploy the technology in the organization. As the need for new and advanced technologies like artificial intelligence is proliferating, both industry behemoths and start-ups are actively making huge investments to leverage the power of AI. To drive competitive advantage and conduct their business better, various organizations are implementing AI in their work. But, before adopting AI, organizations should develop the right AI strategy, one that ensures that processes, use cases, and workforce are in place. While some of the major organizations have already charted an AI strategy, more than 50% of organizations are still struggling to gain clarity on what makes an effective AI strategy.