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Published in:
2024 | OriginalPaper | Chapter
Harnessing Intelligent AI to Elevate Business Modeling: A Perspective
Authors : Anandakumar Haldorai, Babitha Lincy R, Suriya Murugan, Minu Balakrishnan
Published in: Artificial Intelligence for Sustainable Development
Publisher: Springer Nature Switzerland
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Abstract
Artificial intelligence (AI) is a vital component that helps businesses run more efficiently by organizing corporate data and optimizing workflows. Lately, scholars from several disciplines have been investigating how artificial intelligence affects business results. Businesses that are able to create value over long periods of time do so by using AI technology to strategically integrate, adapt, and reinvent their business models. The findings of the study provide insight into how artificial intelligence is revolutionizing the commercial world. The main insights on AI support for business modeling using both cutting-edge and current AI tools and technology are presented in this chapter. The work ends with a presentation of the general AI framework for commercial applications and a case study of an organization that now offers products or services that incorporate AI technology.