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The strategic use of artificial intelligence in the digital era: Systematic literature review and future research directions

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ELSEVIER SCI LTD
DOI: 10.1016/j.ijinfomgt.2020.102225

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Artificial intelligence; Deep learning; Machine learning; Business strategy; Information technology; Literature review

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This study provides a comprehensive review of the potential benefits and challenges of integrating artificial intelligence into organizational strategy, discusses future research directions, and proposes a conceptual framework based on four sources of value creation. The findings contribute to both theoretical and managerial perspectives, offering extensive opportunities for novel theory generation and new forms of management practices.
Artificial Intelligence tools have attracted attention from the literature and business organizations in the last decade, especially by the advances in machine learning techniques. However, despite the great potential of AI technologies for solving problems, there are still issues involved in practical use and lack of knowledge as regards using AI in a strategic way, in order to create business value. In this context, the present study aims to fill this gap by: providing a critical literature review related to the integration of AI to organizational strategy; synthetizing the existing approaches and frameworks, highlighting the potential benefits, challenges and opportunities; presenting a discussion about future research directions. Through a systematic literature review, research articles were analyzed. Besides gaps for future studies, a conceptual framework is presented, discussed according to four sources of value creation: (i) decision support; (ii) customer and employee engagement; (iii) automation; and (iv) new products and services. These findings contribute to both theoretical and managerial perspectives, with extensive opportunities for generating novel theory and new forms of management practices.

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