How can you leverage AI to create a disruptive business model in your industry?

2 Design a value proposition

The next step is to design a value proposition that clearly communicates how your solution delivers value to your customers, and how it is different from or better than the alternatives. You can use AI to test and validate your value proposition, and to optimize it for different segments, channels, and markets. For example, Uber used AI to design a value proposition that offered convenience, affordability, and flexibility to its riders and drivers, and disrupted the traditional taxi industry.

3 Build a scalable and adaptable platform

The third step is to build a scalable and adaptable platform that enables your solution to reach and serve your customers, and to grow and evolve with changing needs and expectations. You can use AI to automate and enhance your platform, and to create feedback loops that allow you to learn and improve. For example, Airbnb used AI to build a platform that connected hosts and guests, and disrupted the traditional hotel industry.

4 Create a network effect

The fourth step is to create a network effect that increases the value of your solution as more users join and interact with it, and that creates barriers to entry for competitors. You can use AI to facilitate and incentivize the network effect, and to leverage the data and insights generated by it. For example, Facebook used AI to create a network effect that attracted and retained billions of users, and disrupted the traditional media industry.

5 Experiment and iterate

The final step is to experiment and iterate your solution, and to adapt to changing customer needs, market conditions, and technological advancements. You can use AI to run experiments, measure results, and learn from failures. You can also use AI to explore new opportunities, create new features, and enter new markets. For example, Amazon used AI to experiment and iterate its solution, and disrupted multiple industries, from e-commerce to cloud computing.

AI can help you create a disruptive business model in your industry, but it is not a magic bullet. You still need to have a clear vision, a customer-centric mindset, and a willingness to take risks and learn from mistakes. Are you ready to leverage AI to create a disruptive business model in your industry?

6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?