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Artificial Intelligence in Practice – Real-World Examples and Emerging Business Models

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Re-imagining Diffusion and Adoption of Information Technology and Systems: A Continuing Conversation (TDIT 2020)

Part of the book series: IFIP Advances in Information and Communication Technology ((IFIPAICT,volume 617))

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Abstract

There are everyday examples of Artificial Intelligence (AI) in different areas. Some of the prominent AI applications are virtual assistants, robots, AI applications related to computer vision and those used in medicine. This paper attempts to examine the recent trend of the real-world applications of AI and also identify the business models for these. The business models are then examined to see if these are existing business models that are used to enhance businesses using AI or if new AI-driven business models have emerged. The emerging AIdriven business models are Federated learning, the triangular partnership model and the use of Emotion AI to come up with new business models. The existing ones enhanced by AI are the freemium model, Rent to Buy model, leverage customer data and the land and expand model.

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Notes

  1. 1.

    https://www.mckinsey.com/featured-insights/artificial-intelligence/global-ai-survey-aiproves-its-worth-but-few-scale-impact.

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Authors and Affiliations

  1. Indian Institute of Management Raipur, Atal Nagar, P. O. – Abhanpur, Raipur, 493 661, (C.G.), India

    Jayanthi Radhakrishnan & Sumeet Gupta

Authors
  1. Jayanthi Radhakrishnan
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  2. Sumeet Gupta
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Corresponding author

Correspondence to Jayanthi Radhakrishnan .

Editor information

Editors and Affiliations

  1. Indian Institute of Management Tiruchira, Tiruchirappalli, India

    Sujeet K. Sharma

  2. Swansea University, Swansea, UK

    Yogesh K. Dwivedi

  3. Indian Institute of Management Nagpur, Nagpur, India

    Bhimaraya Metri

  4. University of Bradford, Bradford, UK

    Nripendra P. Rana

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Radhakrishnan, J., Gupta, S. (2020). Artificial Intelligence in Practice – Real-World Examples and Emerging Business Models. In: Sharma, S.K., Dwivedi, Y.K., Metri, B., Rana, N.P. (eds) Re-imagining Diffusion and Adoption of Information Technology and Systems: A Continuing Conversation. TDIT 2020. IFIP Advances in Information and Communication Technology, vol 617. Springer, Cham. https://doi.org/10.1007/978-3-030-64849-7_8

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  • DOI: https://doi.org/10.1007/978-3-030-64849-7_8

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-64848-0

  • Online ISBN: 978-3-030-64849-7

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