CHAPTER 3

A New Perspective of Change for the Artificial Intelligence Age

Krishna Raj Bhandari

Introduction

With the accelerated pace of technological change triggered by artificial intelligence and cloud computing, the existing theories of change in developing and implementing strategy have fallen short. Not only are competitive landscapes changing, but products are also transforming the value chain. New business models are created and empowered by digitalization. In this new era, products are enabling the revolution by unlocking new value and transforming both companies and competition. The emergence of products and services enabled by digitalization moved several product and software firms from startup stages to mainstream organizations. ...

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