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Conference Papers Year : 2020

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

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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hal-03701784 , version 1 (22-06-2022)

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Jayanthi Radhakrishnan, Sumeet Gupta. Artificial Intelligence in Practice – Real-World Examples and Emerging Business Models. International Working Conference on Transfer and Diffusion of IT (TDIT), Dec 2020, Tiruchirappalli, India. pp.77-88, ⟨10.1007/978-3-030-64849-7_8⟩. ⟨hal-03701784⟩
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