Summary Unit 8 - Digitale Business Models & AI

• Electronic business (e-business)

• DIgital business models

• Definition Artifical intelligence

• Globotics

Electronic businesses is the

• initiation

• support

• handling and

• maintance

of service exchange between economic partners via electronic networks.

The success of e-business is bases on the new added value that it achieves.

• These models go hand in hand with digital transformation

• The value creation or benefits within the company are based on digital components and are purely digital OR

• the activity/activities are essentially based on digital technologies

• typical digital business models include plattforms

• AI describes computer systems that mimic human intelligence and

• have ability to solve problems in an abstract way

• have the ability to learn

• have the ability to deal with uncertainty and probabilities

• Robots are the “silver bullet” of AI

• globalisation + robotics

• Digitisation has lead to significant shifts in professional activities

• some skills are becoming more important; especially soft skills

• repetitive activites are eliminated, new activites are added

• expected: employment shift to countries with lower wages