Current master thesis explores the threats and opportunities that innovations and specifically AI can bring for organizations and how companies need to adjust their business models by including those innovations in their digitalization strategies. In order to do this, the research looks at Artificial Intelligence which is an example of a modern-day technology that has all the potential to cross the chasm of adaptation and start the new, 6th wave of Kondratieff wave. The research presents difficulties and steps that organizations need to undertake in order to adjust their business models to maintain or grow their positions in the market.
Empirical evidences and interviews are presented to analyze the current state of AI adoption.
A new theoretical framework has been developed to assess the potential adoption of AI as a technology.