AI and Business Model Innovation: Leveraging the AI Feedback Loop

8 Pages Posted: 8 Apr 2020

See all articles by Evangelos Katsamakas

Evangelos Katsamakas

Gabelli School of Business, Fordham University

Oleg V. Pavlov

Worcester Polytechnic Institute (WPI) - Department of Social Science & Policy Studies

Date Written: November 19, 2019

Abstract

The article analyzes the effects of Artificial Intelligence (AI) on Business Model Innovation. It shows that AI enables key strategic feedback loops that constitute the core structure of a business model. The article provides a framework and discusses implications for managers and entrepreneurs who seek to leverage the AI feedback loop.

Keywords: AI, AI strategy, Network Effects, Platforms, Business Model, Business Model Innovation, Data, Dynamic Complexity, Feedback Loop

JEL Classification: M10, M13, M15

Suggested Citation

Katsamakas, Evangelos and Pavlov, Oleg V., AI and Business Model Innovation: Leveraging the AI Feedback Loop (November 19, 2019). Available at SSRN: https://ssrn.com/abstract=3554286 or http://dx.doi.org/10.2139/ssrn.3554286

Evangelos Katsamakas (Contact Author)

Gabelli School of Business, Fordham University ( email )

140 West 62nd Street
New York, NY 10023
United States

Oleg V. Pavlov

Worcester Polytechnic Institute (WPI) - Department of Social Science & Policy Studies ( email )

100 Institute Road
Worcester, MA 01609
United States

HOME PAGE: http://www.olegpavlov.org

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