Thinkers & Ideas Competing in the Age of AI with Karim Lakhani
Mar 12, 2020
In this engaging discussion, Karim Lakhani, a Professor at Harvard Business School and co-author of 'Competing in the Age of AI,' shares his insights on how AI is revolutionizing competition and business models. He explores the divide between traditional and AI-first companies and the challenges in adapting to this new landscape. Lakhani emphasizes the importance of innovative operating models and the need for future leaders to blend traditional skills with tech mastery. He also draws lessons from Nokia and Apple's struggles with disruptive technologies.
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Weak AI and Business Models
- AI-first companies leverage "weak" AI, algorithms focused on specific tasks.
- Their business models, value creation, and operating models change due to these algorithms.
AI-Driven Competition
- AI-driven companies focus on scale through network effects and expanding scope across industries.
- They emphasize continuous learning, unlike traditional companies with static advantages.
Silos vs. Unified View
- Traditional companies often operate in silos, hindering collaboration and data sharing.
- AI-first companies prioritize a unified customer view and leverage data across the organization.
