How much will AI transform business models?
Blog: BPM.com - Forum
Dr. Pandya writes in How Artificial Intelligence Is Transforming Business Models:
AI is not only changing how businesses work; it is also fundamentally transforming the traditional thinking and meaning of collaboration, competition and innovation. While most AI initiatives create competitive advantage by perceiving an entirely new opportunity, enhancing current efforts, supplying a market segment that others have ignored, or creating new markets, connected devices that feed a constant stream of data about functionality, usage, production, needs and more to a central location will create even more fascinating competitive transformations. That brings us to an important point: As the Internet of Thing integration will allow for the development of environments where users and consumers can interact, how will it change business models further, as it will be possible to design experiences over products?
So, how will it change business models, if at all? Or, do we have to throw the old models out and start completely from scratch?
Leave a Comment
You must be logged in to post a comment.
