Business impact assessments using AI

Continuing the discussion from Policy analysis using AI:

AI tools can assist in conducting business impact assessments by providing insights on the potential effects of a proposed policy or regulation on businesses, industries, and the economy as a whole. By analyzing large volumes of data and identifying patterns, these tools can help policymakers make informed decisions and understand the potential consequences of their policy choices.

Sample AI prompts

What’s a business impact assessment in the context of public policy development?

Outline the structure of a business impact assessment report. Use the guidelines published by [government agency].

What are the potential economic impacts of implementing [policy proposal]?

How might [policy proposal] affect different industries and sectors within the economy?

How might the implementation of [policy proposal] affect small businesses or entrepreneurs?

Are there any unintended consequences or potential risks associated with [policy proposal] on business?

How might [policy proposal] affect consumer behavior and spending patterns?

What are the potential short-term and long-term effects of [policy proposal] on the economy?

How might [policy proposal] affect international trade and relationships with other countries?

Are there any alternative policy proposals that could achieve similar goals with fewer negative impacts on business compared to [policy proposal]?

How this image was created using AI

This image was created by Image Creator from Microsoft Bing using the following prompt:

A wide angle photo of a big city with skyscrapers.