INNOVATIVE BUSINESS MODELS DRIVEN BY AI TECHNOLOGIES: A REVIEW

Abstract

In an era where artificial intelligence (AI) is revolutionizing business paradigms, this study delves into the intricacies of AI-driven business models, offering a nuanced understanding of their emergence, evolution, and impact on traditional business strategies. This scholarly inquiry aims to dissect the role of AI in reshaping business models, highlighting the interplay between technological innovation and business strategy. The study meticulously examines the integration of AI into various business facets by employing a systematic and thematic analysis of a diverse range of literature, including academic journals, industry reports, and case studies. This methodological approach facilitates a comprehensive understanding of AI's role in business innovation, addressing both the opportunities and challenges it presents. The findings reveal that AI-driven business models are characterized by enhanced operational efficiency, data-driven decision-making, and customer-centric approaches. These models signify a transformative shift from conventional business strategies, demanding a reevaluation of leadership roles and ethical considerations in the digital age. The study identifies key challenges in AI implementation, such as technical complexities and ethical dilemmas, while uncovering AI's vast opportunities for business growth and competitive advantage. Conclusively, the study recommends a balanced approach to AI integration, emphasizing the need for ethical AI practices, continuous adaptation, and a synergy between AI capabilities and human insights. It advocates for business leaders to embrace AI not just as a technological tool, but as a catalyst for sustainable and innovative business growth. This scholarly work contributes significantly to the discourse on AI in business, providing a foundational framework for future research and practical application in AI-driven business innovation.   Keywords: Artificial Intelligence, Business Models, Digital Transformation, AI Integration, Leadership in AI, Ethical AI Practices.