Many boards are rushing to improve their scenario planning processes to tackle rising risks, but most are not keeping up with the increasing complexity. A new report highlights a significant gap between what boards are doing and what they need to stay prepared for 2026. Despite efforts to expand their planning efforts, few are leveraging advanced tools like artificial intelligence to manage the data overload.

Rapid Changes in Scenario Planning Practices

Boards are significantly transforming how they approach scenario planning. Nearly half are broadening the scope of each scenario they consider, and almost half are dedicating more time to these exercises. Additionally, many are exploring a wider variety of scenario types and involving more internal and external stakeholders. These shifts aim to better prepare organizations for unpredictable futures, but they also generate more data and complexity than traditional methods can handle.

However, most boards are still relying on conventional processes that may not be sufficient to manage the increased volume of information. Despite the rapid expansion, only a small minority are using modern digital tools, especially artificial intelligence, to streamline and analyze the data effectively. This disconnect leaves many organizations vulnerable to unforeseen risks and less agile in decision-making.

AI Adoption in the Boardroom Still in Early Stages

While AI is gaining traction in many business areas, its use at the board level remains limited. About two-thirds of boards report using AI in some capacity, but only 3% have fully integrated it into risk management and strategic planning. Many boards still do not use AI at all for risk oversight, and only a small percentage use it moderately or extensively.

Experts say this slow adoption isn’t due to a lack of awareness of AI’s potential. Instead, many boards lack the necessary governance frameworks, safeguards, and best practices to deploy AI responsibly. Without these, there’s hesitation to rely heavily on AI for critical decisions, even though it could greatly improve their ability to process complex data and identify emerging risks.

Interestingly, the report shows that AI deployment is a top priority for future growth, especially alongside mergers and acquisitions. Many directors see AI as essential for driving organizational expansion, yet most still depend on manual methods for scenario planning and risk assessment. This gap highlights a significant opportunity for boards to catch up with the broader digital transformation happening across industries.

Focus on Technology Investment and Crisis Preparedness

Looking ahead to 2026, a large portion of directors plan to allocate significant capital toward technology adoption. Digital tools, including AI, are expected to be the main focus of investment as companies aim to modernize their operations and strengthen their cybersecurity, economic resilience, and regulatory compliance.

At the same time, crisis planning efforts are honing in on the most pressing threats, such as cyberattacks, economic downturns, and regulatory changes. Boards are increasingly running simulations and exercises around these high-impact areas to ensure they can respond effectively when real crises occur.

Overall, while boards recognize the importance of advanced tools and expanded scenario planning, many still rely on traditional methods. Closing this gap will be key to building more resilient and agile organizations in the face of an uncertain future. The opportunity to integrate AI responsibly and effectively could make the difference in navigating the complex challenges ahead.

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• https://ai-techpark.com/boards-double-down-on-scenario-planning-but-90-lack-ai-tools-to-keep-pace/