Proceedings of the 2024 International Conference on Artificial Intelligence and Digital Management (ICAIDM 2024)

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Artificial Intelligence as a Catalyst for Business Model Innovation

Authors
Linxi Wu1, *
1The University of Queensland, Brisbane, Australia
*Corresponding author. Email: linxi.wu@uqconnect.edu.au
Corresponding Author
Linxi Wu
Available Online 1 December 2024.
DOI
10.2991/978-94-6463-578-2_8How to use a DOI?
Keywords
Artificial intelligence; Business innovation; Competitive advantage
Abstract

This article delves into the crucial role that artificial intelligence (AI) plays in driving innovation in organizational business models. Through the Technology Organization Environment (TOE) framework, a comprehensive analysis was conducted on the key factors influencing AI adoption. The research results indicate that AI is not only a tool for improving efficiency, but also a force for change. Through AI technology, enterprises can improve operations, enhance decision-making processes, and provide highly personalized customer experiences, thereby gaining competitive advantages and occupying market positions. However, despite the enormous potential of AI, its adoption process also faces challenges. Organizations must address issues such as data privacy, security risks, and resistance to corporate culture change. If organizations do not address these issues, these challenges may hinder AI from realizing its full potential. Research shows that only by doing so can companies continue to innovate and maintain a competitive advantage in an increasingly dynamic digital environment.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 International Conference on Artificial Intelligence and Digital Management (ICAIDM 2024)
Series
Advances in Intelligent Systems Research
Publication Date
1 December 2024
ISBN
978-94-6463-578-2
ISSN
1951-6851
DOI
10.2991/978-94-6463-578-2_8How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Linxi Wu
PY  - 2024
DA  - 2024/12/01
TI  - Artificial Intelligence as a Catalyst for Business Model Innovation
BT  - Proceedings of the 2024 International Conference on Artificial Intelligence and Digital Management (ICAIDM 2024)
PB  - Atlantis Press
SP  - 55
EP  - 62
SN  - 1951-6851
UR  - https://doi.org/10.2991/978-94-6463-578-2_8
DO  - 10.2991/978-94-6463-578-2_8
ID  - Wu2024
ER  -