AI-enhanced business models

Published on September 30, 2022   19 min

A selection of talks on Strategy

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0:00
Hello everyone and welcome to today's HSTalk. My name is Philipp Rimpp and I'm a research assistant at Clausthal University of Technology. In today's talk, I would like to introduce the topic of AI-enhanced business models to you, dear listeners.
0:19
To begin, I'd like to give a brief overview of this talk to let you, dear listeners, know what to expect. We will start with the relevance of artificial intelligence for entrepreneurs and why they should engage with this technology. After that, we will try to give a short overview of how the technology works to get an impression of what makes it so special. This is followed by the current role of AI in terms of business design. Subsequently, the possibilities of influencing AI on the business model will be shown in order to give companies help on how they can consider this strategically. Based on an example of fraud detection, these possibilities will be illustrated. Finally, approaches and strategies for entrepreneurs are shown and a short summary is given.
1:07
First of all, why is it relevant for entrepreneurs to deal with artificial intelligence technology? Artificial intelligence is already changing products, business processes, and entire companies. This shows that artificial intelligence has already arrived in the corporate world and is partially established. In particular, breakthroughs in the development of AI and likewise the reduction in the cost of computing power have promoted the applicability of artificial intelligence. It is therefore increasingly important for companies to deal with this technology and its applications in order to profitably use the possible advantages that can arise from it. Initially, the question arises as to what

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