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

By IRB Media

Please note: This is a companion version & not the original book.

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#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.

• Language: English
• Publisher: IRB Media
• Release date: Apr 1, 2022
• ISBN: 9781669380436

IRB Media

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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