Page - 30 - in Digital Entrepreneurship - Impact on Business and Society
Image of the Page - 30 -
Text of the Page - 30 -
intelligence, such as learning, reasoning, problemsolving, perception and language
(Copeland 2020). The deļ¬nition of AI changes throughout the literature, and a
speciļ¬c deļ¬nition has yet to take hold. In the latest Artiļ¬cial Intelligence Special
Report, published byTheNewYorkTimes, itwas suggested thatwe are currently
witnessing a supervised-learning revolution in which computers are taught to see
patterns and learn on their own (Smith 2020).
Moreover, also being relevant to the topic are theGartner 2019 topHypeCycle
trends in AI, which are augmented intelligence, chatbots, machine learning and
intelligent (enterprise) applications, among others (Goasduff 2019). Gartner pre-
dicted that in 2020, chatbots would be responsible for 85% of customer service
(Milenkovic 2019). Accenture believes that AI will not only increase businesses
ļ¬nancial gains, going as far as doubling economic growth by 2035, but also
drastically change the way people work. Their research suggests that 40% of
business leaders believe that AI will increase worker productivity in the future
(Milenkovic 2019). This is great news for entrepreneurs and their teams, asAIwill
most likely assist inmaximising their employeesāoutputwhilemaintaining a good
workālife balance (Milenkovic 2019).
ConsideringhowAIsupports creativity, therehavealreadybeenseveral exciting
developments, one of which has taken place in one of the arguablymost creative
ļ¬elds of human expression: art. Artiļ¬cial intelligence has already begun creating
music, painting and designing fashion (Magalhães 2019). Examples of this can be
found in music studios, where AI is now helping in the mastering of songs.
Expanding further intoart,AIcannowcreateoriginalpaintingsand reworkexisting
pieces of art,whichwould have simply not beenpossible a fewdecades ago (Marr
2020). There is nowAI capable of sifting through enormous amounts of data and
creating something new with a handful of the data that it had just analysed.
A painting created byAI in 2018 sold for $432,500USD at a Christieās auction.
This might not be a very impressive sum to an art enthusiast; nevertheless, con-
sidering the fact that it was not created by a human makes it quite impressive
(MagalhĆ£es2019).Another exampleof creativeuseofAI inbusiness is theworldās
ļ¬rst robot artist, who already held her ļ¬rst solo exhibition, equipped with facial
recognition technology and a robotic arm system (Haynes 2019) or algorithms can
read recipes and create images ofwhat theļ¬nal dishwill look like, supporting the
cooking process (Whyte 2019).
According to Nicola Morini Bianzino, EY Global Chief Client Technology
Ofļ¬cer,AI can encourage human creativity in freeing up time for humans to focus
on innovation, therebyofferingopportunities to creatively combine technologies to
create newways of working and actively augmenting human decision-making by
adding a layer of machine-driven data analysis to guide our creative choices
(Bianzino2020).However,AI is notmeant towander off and create art for the rest
of its days. What constitutes the interesting element of AI when examining cre-
ativity is how it canenhance the creativityof creatives, suchas artists,musiciansor
professionals. To create one ofAIās components,machine learning (ML)might be
themost interesting.Machine learningmakes it possible for an artist to feed theAI
pilesofdata that it can thenanalyse.TheAIwill thenprovide theartistwitha range
Unleashing the Creativity of Entrepreneurswith Digital⦠31
Digital Entrepreneurship
Impact on Business and Society
- Title
- Digital Entrepreneurship
- Subtitle
- Impact on Business and Society
- Authors
- Mariusz Soltanifar
- Mathew Hughes
- Lutz Gƶcke
- Publisher
- Springer Verlag
- Location
- Cham
- Date
- 2021
- Language
- English
- License
- CC BY 4.0
- ISBN
- 978-3-030-53914-6
- Size
- 16.0 x 24.0 cm
- Pages
- 340
- Keywords
- Entrepreneurship, IT in Business, Innovation/Technology Management, Business and Management, Open Access, Digital transformation and entrepreneurship, ICT based business models
- Category
- International