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2 Theoretical Background for Entrepreneurs
2.1 The Technological Aspect of AI
Aunitarydeļ¬nitionof artiļ¬cial intelligence (AI), and thuswhen it canbeattributed
to amachine, has so far been omitted because it differs according to the point of
view. Essentially, the approaches to deļ¬nition differ in their determination of
intelligence, how this intelligencemanifests itself and atwhat point amachine can
be considered intelligent (cf. Legg andHunter 2007, pp. 7ā8).
Nevertheless, it is possible to distinguish two forms of AI that are generally
different in the way these programs work. First, the symbolic AI is a learning
program that focuses on symbols as operating ground for its learning progress.
A rule-based thinkingpresented in the symbols, e.g. numbers, drives this form.The
major advantage of this type of artiļ¬cial intelligence is its practicability for the
human users. Because its logic is quite easy to understand for a human, it can be
useful as a support system.Thismayprovide auser or companywith an advantage
over another non-user, if used correctly.Their potential often lies in the automation
ofprocesses,whichareusuallyconsuming intenseamountsof timeandknowledge.
On the other hand, the symbolicAI is a program that needs a lot of programming
work done into it. This iswhy the symbolicAI gets quite expensive (cf. Lee et al.
2019, pp. 2ā3). The other major form of intelligence is the so-called neural AI,
which is enabled by the usage ofmachine learning. Thismethoduses algorithmof
improved learning by using practice or sample data as learning material for gen-
erating patterns that it can later rely upon. The goal of this method is that the AI
should function likeahumanbrain, in the sense that evencomplexproblemscanbe
solved, similar to neural work. Thus, neural AI is not needing actual training
embracedbyhumans in the formof teachers. Its objective is to learn by itself from
data sources it is given access to (cf. Lee et al. 2019, p. 4). Especially,MLand its
subļ¬eld deep learning are known from this area, due to major breakthroughs of
these research ļ¬elds especially in the ļ¬eld of image and voice processing (cf.
Skilton andHovsepian 2018, pp. 132ā134). Thisļ¬eld is receivingmore andmore
attention from researchers andcompanies, because it has thepotential to learn from
rawdata. Conversely, thismeans that less humanwork has to be done in advance.
While bothmethods or types of AI still face problems in terms of scalability and
reasoning,much hope is put into the combination of both types. The combination
creates the hope of solving tasks related to fundamental problems in the applica-
bility of the technology. Examples of these challenges are insufļ¬cient data for
operations or the solution of the black-box appearance ofAI to a human observer.
While this research stream is still in its infancy, entrepreneurs should pay attention
to future opportunities (cf. Lee et al. 2019, pp. 4ā5).
Beyond the basic understanding of howAI can be differentiated from a tech-
nological view, it is important for the entrepreneur, to knowwhatAI cando for his
or her business. An approach to understand the way AI works in the practical
context is to understand it as a predictionmachine. This logic focuses on the very
AI-Enhanced BusinessModels for Digital⦠123
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