Competing in the Age of AI

Karim R. Lakhani, Marco Iansiti

Competing in the Age of AI

25min

25min

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Companies like Amazon, Facebook and Microsoft are revolutionising the global market thanks to the use of data, algorithms and networks. In their book Competing in the Age of AI: Strategy and Leadership When Algorithms and Networks Run the World, the two authors Marco Iansiti and Karim L. Lakhani, both professors at Harvard business school and luminaries of economics and innovation, reveal the secrets of business operating models behind this competitive advantage in the age of artificial intelligence, providing us with glimpse at future developments.

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Analysis and key concepts

01.

Understanding new discoveries and strategic collisions is essential as we approach the artificial intelligence revolution

02.

The secret of new companies lies in the enhancement of scale, scope and learning

03.

The AI factory concept and its revolutionary mechanisms

04.

Identifying the problems of traditional business architecture to overcome them and compete on the new digital market

05.

The five principles of transformation to become an AI-based company

06.

The four steps to creating a strategy based on the digital operating model

07.

Becoming a new company founded on the digital operating model…and the new ethical problems that accompany it

08.

The changes in the world economy and the factors to be taken into account by future leadership

09.

Quotes

10.

Take-home message

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Many useful tips to:

  • Understand new business operating models behind digital companies such as Amazon and Microsoft to gain competitive advantage.
  • Harness the power of growth, reach and learning of digital operating models based on artificial intelligence, data and algorithms.
  • Understand how to embrace future business opportunities in the new digital economy.

Karim L. Lakhani is an expert in technology and innovation management. He is a Professor of Business Administration at Harvard Business School and founder and co-director of the Harvard Scientific Innovation Laboratory.

Marco Iansiti graduated from Harvard University in 1983 with a first class honours degree in Physics. He has focussed his academic career on the study of technological innovation for the improvement of business operations. Today he is a Professor of Technology and Operation Management at Harvard Business School and co-director of the Harvard Information Science Laboratory.

Publishing house:

Harvard Business Review Press

Year:

2020

Pages:

288

ISBN:

978-1633697621