AI-driven business model innovation: pioneering new frontiers in value creation
File(s)
Published version
Author(s)
Aagaard, Annabeth
Tucci, Christopher
Type
Chapter
Abstract
This chapter delves into the transformative impact of AI on business model innovation, exploring how it redefines value creation and how it impacts nine common components of business models. It offers an in-depth examination of AI's role as a dynamic catalyst, reshaping strategic thinking and operational approaches within contemporary business landscapes. By presenting an archetype model, it delineates the strategic pathways through which companies evolve as they embed AI into their business modeling, underscoring AI’s significant role in crafting novel value propositions, value creation, and redefining traditional business models. The analysis ventures beyond mere technological integration to highlight the imperative of adapting business strategies in the face of AI advancements, offering insights into leveraging AI for enduring competitive advantage. This discourse aims to equip scholars and practitioners with the acumen to navigate the complexities of AI in business, fostering innovation that resonates with the modern digital economy's demands, while fostering sustainable growth and innovation.
Editor(s)
Aagaard, Annabeth
Date Issued
2024-07-31
Citation
Business Model Innovation, 2024, pp.295-328
ISBN
9783031575105
Publisher
Springer International Publishing
Start Page
295
End Page
328
Journal / Book Title
Business Model Innovation
Copyright Statement
© 2024 The Author(s). This chapter is licensed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made. The images or other third party material in this chapter are included in the chapter's Creative Commons license, unless indicated otherwise in a credit line to the material. If material is not included in the chapter's Creative Commons license and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder.
License URL
Identifier
10.1007/978-3-031-57511-2_10
Publication Status
Published
Article Number
10
Date Publish Online
2024-07-31