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The fast pace of artificial intelligence (AI) and automation is propellingstrategists to reshape their business models. This is fostering the integrationof AI in the business processes but the consequences of this adoption areunderexplored and need attention. This paper focuses on the overall impact ofAI on businesses - from research, innovation, market deployment to futureshifts in business models. To access this overall impact, we design athree-dimensional research model, based upon the Neo-Schumpeterian economicsand its three forces viz. innovation, knowledge, and entrepreneurship. Thefirst dimension deals with research and innovation in AI. In the seconddimension, we explore the influence of AI on the global market and thestrategic objectives of the businesses and finally, the third dimensionexamines how AI is shaping business contexts. Additionally, the paper exploresAI implications on actors and its dark sides.

Impact of Artificial Intelligence on Businesses: from Research, Innovation, Market Deployment to Future Shifts in Business Models