A Collaborative Approach to AI and Human Business Models

What is an AI Business Model?

An AI Business Model uses AI technologies to create, deliver and capture value imaginatively. It helps a business to write creative content within seconds and also it allows the business to create more interactive digital content to attract a greater number of people into it. It also lets the business collect surveys, and analysis about its strength and weaknesses.

The AI industry is currently the fastest-growing industry. Every day latest updates or new sites pop up in our lives like an online ad. AI helps businesses and individuals to get datafication about Customer Interactions, Operational Processes, and Market Trends. It has even been widely used in modern construction technologies. This allows them to upgrade their current strategies and plans for future purposes.

Here are some AI Business Models:

• AI as a Service – AIaaS
• Subscription-Based Models
• Outcome-Based Pricing
• Data Monetization
• Freemium Models
• AI-Integrated Products
• Platform-Based Models
• Consulting and Services
• Ecosystem Collaboration
• Custom AI Solutions

How to prepare yourself for future AI Tools?

Even though we don’t know much about the capabilities an AI has, we still co-exist with it during this digital era. We use AI and cool new technologies for everything nowadays. From writing content to big series screenplays, ad copies to Ad Film scripts, Business website design to Business strategies and more. Whatever we want to do digitally can be done by AI now.

When a person used to write a creative blog or description for an online post it would take him hours and hours of work. But now AI will generate all these things within 1 minute and also it includes a lot of information collected from various website archives which even we don’t know existed.

During this early stage, AI has taken away a lot of people’s jobs and threatened their careers. What will happen when AI fully takes over the entire planet, still we need to find a way to co-exist with it. Even though AI can do everything still not thinking or doing stuff like humans. There we have an advantage. Even if AI takes over still we can do what we can only do.

What Is Real-Life Business?

Real-life business is something physically present in the real world like a company a hotel or even a small startup. They run using the creative and hardworking side of people. Everything from services, manufacturing, creation, delivery, payments, conversations, and more are taken care of by people. Even when AI models are ruling out the possibilities for people’s work still when it comes to real-life profitable business ideas AI has no use of power.

A genuine business generates its funding and is focused on staying in business, rather than scaling up quickly and failing. Real businesses are different from startups, which tend to bleed red, while real businesses bleed black.

Here are some examples of real-world business models:

Homes247

A real estate platform that offers a large catalogue of rented/to-buy apartments for those who want their perfect dream home.

Uber

A ride-sharing service that connects drivers and passengers. Uber's success factors include fast availability, a price advantage over cabs, and an uncomplicated process.

Spotify

A music streaming platform that offers a large catalogue of music and personalized playlists. Spotify's success factors include ease of use, personalization, and discovery of new artists.

Here are some steps to starting a genuine business including:

• Conducting market research
• Writing a business plan
• Funding the business
• Choosing a business location
• Selecting a business structure
• Choosing a business name
• Registering the business
• Obtaining federal and state tax IDs

The 9 most successful business models of today:

• The Servitisation (Subscription) Business
• The Platform-Based Business
• The Social Authentic Business
• The Employe-Centric Business
• The Partner-Centric Business
• The Customer Value-Obsessed Business
• The Constant-Innovation Business
• The Data-Driven Business
• The Tech-Savvy Business

Conclusion

AI BUSINESS MODELS and REAL-LIFE BUSINESSES both are needed in this digital era to survive. Business is at a fast-phasing point that every day innovative ideas and new plans grow out of brilliant people.

If we are careful in using the AI models as it needs to be used then we can bring in more possibilities. But if we use it in an order which we were not meant to use then it won’t be too far for humankind to perish.