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basic principle of anAIoutput. IfAI is used, it is trained in advancebasedondata.
In the subsequent application, the AI uses its learning chains to evaluate the situ-
ation it is to consider. This process is described as prediction, as theAI uses given
data to indicate the missing information. Therefore, this technology cannot only
make statements about current problems, but also about past and future. This of
course requires that theAI has a sufficient amount of data (cf.Agrawal et al. 2018,
pp. 23–30). This brief overview of the technical background and the practicable
interpretation of AI show that entrepreneurs should have at least a superficial
knowledge of the technology when using it or even considering to use it in the
future.
2.2 The (Current) Role of AI inDevelopingBusinessModels
Given the researchapproaches toAIandentrepreneurship, avarietyofpaths canbe
identified. In the senseof this article, theprimarygoal is to identify theeffectsofAI
on a strategic corporate level. This is accompanied by an examination of the
businessmodel and the effects on it. There are also numerous research streams and
definitions for the business model. At this point, the business model definition of
Osterwalder and Pigeur, who define it as the “rationale of how an organization
creates, delivers andcapturesvalue” (Osterwalder andPigneur2010,p. 14),will be
used as a basis for continuing research here. Furthermore, the effects of the use of
AIon thebusinessmodelwill be examined, especially in its effects on thebusiness
model canvas.
Theworld of business models under the influence of AI is not a new research
phenomenon but has already received some attention. On the one hand, research
has already been conducted on the influence of AI applications on the individual
elements of the business model (cf. Metelskaia et al. 2018, pp. 38–40). Such
comprehensiveviewsopenup thepossibility for the entrepreneur to estimatewhich
influences theycanuse for theirowninnovationof thebusinessmodel.On theother
hand, there are already approaches for long-term planning of the integration ofAI
into the company. Such strategic developments are fossilized on a path that the
company takes to integrateAIapplications into itsownbusiness.Examples for such
planningmethods can be general plans for the adaptation ofAI applications in the
company (cf. Rao 2017, pp. 9–10), or portfolio planning like the 3 Horizon
framework forAI (cf. Kreutzer and Sirrenberg 2020, pp. 235–238). In the area of
these planningmethods andprocedures, there are various examples of literature on
this topic. It can therefore be concluded that the current role of AI in the devel-
opment of business models is limited to their influence on the elements and their
planning for future businessmodels.However, an important question, regardingAI
as a technology in general,which both views tend to neglect, is still lingering. The
question ofmethodologies is determining the strategic direction ofAI applications
and their impact on businessmodels. This includes howAI applications influence
business models through innovation, respectively, implementation. This is
accompaniedby the roleofAI in the innovationof thebusinessmodel, independent
124 W. Pfau and P. Rimpp
Digital Entrepreneurship
Impact on Business and Society
- Titel
- Digital Entrepreneurship
- Untertitel
- Impact on Business and Society
- Autoren
- Mariusz Soltanifar
- Mathew Hughes
- Lutz Göcke
- Verlag
- Springer Verlag
- Ort
- Cham
- Datum
- 2021
- Sprache
- englisch
- Lizenz
- CC BY 4.0
- ISBN
- 978-3-030-53914-6
- Abmessungen
- 16.0 x 24.0 cm
- Seiten
- 340
- Schlagwörter
- Entrepreneurship, IT in Business, Innovation/Technology Management, Business and Management, Open Access, Digital transformation and entrepreneurship, ICT based business models
- Kategorie
- International