Artificial Intelligence for the Future Economy

How to develop competitive business models from data

JournalIndustrie 4.0 Management
Issue Volume 36, 2020, Edition 2, Pages 43-46
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Abstract

Artificial intelligence (AI) and self-learning systems have immense economic potential and are a driving force for digitalisation. Artificial Intelligence is radically changing value chains, business models, and employment in industry. Data-driven services are added to traditional products in almost all industries. Integrating Artificial Intelligence in products and services as well as using data from the production process provides opportunities for new business models in an increasing competitive international environment.

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Potentials: Business Models