Implementation of AI in business models: A conceptual study

Drave, Vinayak A., Rahman, Ateequr, Drave, Jai Kumar, Kumar, Sanjeev, Sharma, Gunjan Mohan and Lai, KK (2021) Implementation of AI in business models: A conceptual study. In: International Conference on Industrial Engineering and Operations Management, August 16-18, 2021, Bangalore, India.

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Abstract

This paper attempts to study factors that hinder the implementation, profitability and performance of Artificial Intelligence in Cost Leaders, Differentiators and Innovators and examine methods to overcome the failure factors. Artificial intelligence (AI) replicates human logic by using connected and programmed devices. Its implementation aids operational efficiencies and business decisions based on outputs from cognitive technologies, resulting in consistent product quality and manufacturing costs without significant human intervention. Moreover, implementing AI in all business environments may not always be profitable, as updating complex devices, software, and associated methodology inculcate financial implications.

Item Type: Conference or Workshop Item (Paper)
Keywords: Artificial intelligence | Business strategy | Cost leader | Differentiator | Innovators
Subjects: Social Sciences and humanities > Business, Management and Accounting > Business and International Management
Social Sciences and humanities > Business, Management and Accounting > Management of Technology and Innovation
JGU School/Centre: Jindal Global Business School
Depositing User: Mr. Syed Anas
Date Deposited: 13 Mar 2022 13:08
Last Modified: 13 Mar 2022 13:08
Official URL: https://www.ieomsociety.org/proceedings/2021india/...
URI: https://pure.jgu.edu.in/id/eprint/1587

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