Summary of Marco Iansiti & Karim R. Lakhani's Competing in the Age of AI

Everest Media

Description

Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 AI is becoming a force in the arts, connecting various disciplines and media and expanding the range of artistic possibilities. It is being used to create completely new works of art, which transform not only the method for crafting the work of art but also the organization and process that conceives and creates it.
#2 AI is becoming the universal engine of execution. It is not only replacing human activity, but also the concept of the firm. AI-driven processes are more scalable than traditional processes, and they enable greater scope and learning opportunities.
#3 We are in a new age of artificial intelligence, and the applications of this technology are changing how industries function and the economy operates.
#4 The age of artificial intelligence is transforming competition. Digital operating models are changing the way we interact with photos, and they are rapidly improving the algorithms used for facial recognition, photo sorting, and image enhancement.

Sujets

• Industrie

Informations

• Publié par: Everest Media LLC
• Date de parution: 06 avril 2022
• Nombre de lectures: 0
• EAN13: 9781669380436
• Langue: English
• Poids de l'ouvrage: 1 Mo

Extrait

Insights on Marco Iansiti & Karim R. Lakhani's Competing in the Age of AI
Contents Insights from Chapter 1 Insights from Chapter 2 Insights from Chapter 3 Insights from Chapter 4 Insights from Chapter 5 Insights from Chapter 6 Insights from Chapter 7 Insights from Chapter 8 Insights from Chapter 9 Insights from Chapter 10
Insights from Chapter 1

#1

AI is becoming a force in the arts, connecting various disciplines and media and expanding the range of artistic possibilities. It is being used to create completely new works of art, which transform not only the method for crafting the work of art but also the organization and process that conceives and creates it.

#2

AI is becoming the universal engine of execution. It is not only replacing human activity, but also the concept of the firm. AI-driven processes are more scalable than traditional processes, and they enable greater scope and learning opportunities.

#3

We are in a new age of artificial intelligence, and the applications of this technology are changing how industries function and the economy operates.

#4

The age of artificial intelligence is transforming competition. Digital operating models are changing the way we interact with photos, and they are rapidly improving the algorithms used for facial recognition, photo sorting, and image enhancement.

#5

When digital technology collided with traditional photography, it did not simply replace it with something cheaper, more differentiated, or higher quality. It enabled the emergence of a new and increasingly powerful breed of company that leverages a different kind of operating model and competes in different ways.

#6

The rise of the digital firm is posing new kinds of threats. Without the same intrinsic limits on scalability, scope, and impact, the new breed of digital firm requires new approaches to leadership, regulation, and even ethics.

#7

Amazon is an example of how an organization can leverage a digital operating model to transform traditional industries. Amazon sells real things, and in doing so it collides with all the businesses that have been selling those things for generations.

#8

Amazon’s operating philosophy is to digitize the best understanding of operational excellence through the broad-based application of artificial intelligence and machine learning. It has collisioned with traditional industrial settings and transformed them with a digitized, automated, and increasingly AI-capable alternative.

#9

Amazon’s Echo is a smart speaker and microphone that extends the company’s strategy to a new range of applications. It utilizes Alexa, a voice interface to the company’s AI platform, and has more than fifty thousand skills developed by third-party developers.

#10

The retail industry is feeling the effects of Amazon. The most successful traditional operating models are not strong enough to confront Amazon’s onslaught without substantial transformation.

#11

The in-store experience can be enhanced with the use of analytics and AI. For example, cameras and sensors can be installed to acquire the convenience of online shopping, and real-time information from personal devices can be used to recognize customers and personalize the experience.

#12

China’s Tencent, the maker of the WeChat app, was founded in 1998 in Shenzhen. It entered the market with a PC-based internet instant messaging service for Chinese users. It has monetized its messaging network with advertising and premium offerings.

#13

Tencent, along with its rival Ant Financial, is transforming industries from financial services to health care by leveraging the connections they have with large masses of consumers.

#14

The digital Rembrandt was introduced, and the reactions from the art world were remarkable. Some experts were intrigued by the obvious capabilities and potential of the technology, while others viewed it as a painful, even immoral, endeavor.

#15

The emergence of digital operating models is forcing leaders to rethink how they manage, transform, grow, and control their businesses. AI presents new opportunities for startups, established firms, entrepreneurs, and regulatory institutions.

#16

The theories in this book address an important phenomenon. Disruption theory defined an existential threat for traditional firms in the 1990s and 2000s, as they confronted waves of technological change. But we believe this transformation is about more than just technology; it’s about the need to become a different kind of company.

#17

We are in the middle of a new economic age, driven by digital networks and AI. The new age of AI is changing the nature of work, and this book explores how it impacts strategy and leadership.

#18

Chapter 7, Strategic Collisions, explores competitive dynamics. The chapter focuses on what happens when firms featuring digital operating models compete with more traditional firms. The examples range from historical competitive settings to current battlegrounds.

#19

AI is changing the way firms create, capture, and deliver value. It is transforming the way companies operate, and it is up to companies to prepare for these changes and capitalize on them.
Insights from Chapter 2

#1

Ant Financial, Ocado, and Peloton are three examples of how companies are transforming the economy by creating new templates for the twenty-first-century digital firm. They are leading the transformation of the economy by leveraging digital scale, scope, and learning.

#2