What Is An AI-Powered Business Ecosystem?
What is an AI-powered Business Ecosystem?
“An AI-powered business ecosystem, using the definition of business ecosystem by Geoffrey A. Moore in his book “The Death of Competition,” is a network of interconnected businesses, of people, that leverage artificial intelligence (AI) to create, deliver, and capture value”.
In this approach, there are different types of businesses in the business ecosystems (see the three arrows in the AI-Model Canvas©:
- 1. Customers and prospects (arrow 1).
- 2. Managers and employees in the AI-powered organisational design (arrow 2).
- 3. Suppliers, stratgic partners & independent business owners (arrow 3).
A succesful AI-powered business ecosystem is characterized by the following key attributes:
- 1. AI-Powered Virtual Organizing: participants in the ecosystem have implemented a virtual AI-Powered organisational design including hybrid working, working at home & remote working:
- 2. AI-Powered Value Creation: Businesses within the ecosystem utilize AI to enhance their products and services, leading to increased customer satisfaction and loyalty.
- 3. AI-Powered Value Delivery: AI is employed to optimize supply chains, improve logistics, and personalize customer experiences, enabling businesses to deliver value more efficiently, more effectively and be more productive:
- 4. AI-Powered Value Capture: Businesses leverage AI to gain deeper insights into customer behavior, market trends, and operational data, enabling them to capture greater value from their offerings.
- 5. Interconnectedness: Businesses within the ecosystem are interdependent, relying on each other’s AI capabilities to create and deliver value. This interconnectedness fosters collaboration and innovation.
- 6. Network Effects: As the ecosystem grows and more businesses participate, the overall value of the ecosystem increases. This phenomenon, known as network effects, attracts additional businesses and further enhances the ecosystem’s value propositionin a virtual network organisation.
- 7. Dynamic Evolution: The business ecosystem is constantly evolving, as new AI technologies emerge and businesses adapt their strategies to leverage these advancements. This dynamic nature ensures the ecosystem’s long-term viability and competitiveness.
Moore argues that business ecosystems represent a fundamental shift in the competitive landscape, moving away from traditional head-to-head competition and towards a more collaborative, value-creating approach.
AI-leaders that successfully integrate AI in an integrated ways into their whole AI-powered business model including their AI-powered organisational design and participate in these AI-powered business ecosystems will be well-positioned for success in the AI-powered economy. Under the condition that they use the right innovate digital transformation tools including the AI-Model Canvas© by Tony de Bree.
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If you want to learn how to describe your current business ecosystem on 1 A4 and turn it into an AI-powered business model as the basis for your AI-Powered Company© using the AI-Model Canvas© and other innovative methods and tools for digital transformation experts, management consultants and change managers, contact us today for a free online intake session. Please email your mobile number and the link to your LinkedIn profile using this form. Then we immediately will contact you to schedule that call or face-to-face meeting.
Tony de Bree