Artificial Intelligence as a Growth Engine for Health Care Startups: Emerging Business Models

@article{Garbuio2018ArtificialIA,
  title={Artificial Intelligence as a Growth Engine for Health Care Startups: Emerging Business Models},
  author={Massimo Garbuio and Nidthida Lin},
  journal={California Management Review},
  year={2018},
  volume={61},
  pages={59 - 83}
}
The future of health care may change dramatically as entrepreneurs offer solutions that change how we prevent, diagnose, and cure health conditions, using artificial intelligence (AI). This article provides a timely and critical analysis of AI-driven health care startups and identifies emerging business model archetypes that entrepreneurs from around the world are using to bring AI solutions to the marketplace. It identifies areas of value creation for the application of AI in health care and… 

Tables from this paper

Next-generation business models for artificial intelligence start-ups in the healthcare industry
  • Ignat Kulkov
  • Business
    International Journal of Entrepreneurial Behavior & Research
  • 2021
TLDR
This article contributes to the business model and business model innovation by systematically analyzing value creation, how it is delivered to customers, and communication with market participants, as well as design themes that combine start-ups and categorize them by specialization.
AI Startup Business Models
We currently observe the rapid emergence of startups that use Artificial Intelligence (AI) as part of their business model. While recent research suggests that AI startups employ novel or different
Emerging Technology and Business Model Innovation: The Case of Artificial Intelligence
Artificial intelligence (AI) has been altering industries as evidenced by Airbnb, Uber and other companies that have embraced its use to implement innovative new business models. Yet we may not fully
Implementation of Artificial Intelligence (AI): A Roadmap for Business Model Innovation
TLDR
A deeper understanding of AI and how it can be used as a catalyst for business model innovation is provided to provide a roadmap to guide the implementation of AI to firm’s operations.
Artificial Intelligence for Healthcare: Roles, Challenges, and Applications
TLDR
This chapter provides a survey of AI-driven healthcare and identifies proposed models, which health staff is using to bring AI solutions for health applications, and identifies existing approaches to designing models for AI healthcare.
A Conceptual Framework on Defining Businesses Strategy for Artificial Intelligence
The technological developments on artificial intelligence (AI) are going to diffuse in all scales of firms in different industries. AI is increasingly used in diverse business functions, including
The Adoption Of Artificial Intelligence In SMEs - A Cross-National Comparison In German And Chinese Healthcare
TLDR
The results contribute to current empirical research with a cross-national comparison in Germany and China on the status of AI development and adoption, the perceived advantages and challenges of AI, as well as the expected future development and implementation of AI in healthcare in the upcoming five years.
Artificial Intelligence and Entrepreneurship: Implications for Venture Creation in the Fourth Industrial Revolution
This article explores the ways artificial intelligence (AI) may impact new venture processes, practices and outcomes. We examine how such technology will augment and replace tasks associated with
Artificial intelligence in retail: applications and value creation logics
TLDR
The findings provide retail managers with an analytical framework that can help them to develop a rationale for their strategic choices and best practices relating to the adoption and implementation of AI.
...
...

References

SHOWING 1-10 OF 22 REFERENCES
Prior Knowledge and the Discovery of Entrepreneurial Opportunities
Before technological change leads to new processes, products, markets, or ways of organizing, entrepreneurs must discover opportunities in which to exploit the new technology. To date, research has
Open Business Models and Closed-Loop Value Chains: Redefining the Firm-Consumer Relationship
Driven by recent socio-economic developments, manufacturing firms increasingly adapt their business models along two dimensions. Apart from vertically integrating the entire product life cycle,
Imagining and Rationalizing Opportunities: Inductive Reasoning and the Creation and Justification of New Ventures
We argue that creating novel ventures consists of inductive analogical or metaphorical reasoning, which generates a platform for the creation and commercialization of novel ventures and facilitates
Prior Knowledge, Potential Financial Reward, and Opportunity Identification
This article simultaneously explores the constructs of potential financial reward and prior knowledge of customer problems to provide a deeper understanding of the identification of opportunities.
A Design Cognition Perspective on Strategic Option Generation
Abstract Strategic option generation is a fundamental step in strategy formulation. Several lenses have been proposed to explain its foundations, including the microeconomics positioning school, and
Discovery and Creation: Alternative Theories of Entrepreneurial Action
As oportunidades empreendedoras existem, independentemente, das percepcoes dos empreendedores, esperando apenas para serem descobertas? Ou, estas oportunidades sao criadas pelas acoes dos
Entrepreneurial Team Composition Characteristics and New Venture Performance: A Meta-analysis
Prior research often asserts that different features of entrepreneurial teams - such as the additive characteristics and heterogeneity of team members, and size of the team – have positive new vent...
...
...