1. Trends, Impacts, and Prospects for Implementing Artificial Intelligence Technologies in the Energy Industry: The Implication of Open Innovation
- Author
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Marina Vasiljeva, Ekaterina Khomenko, O.V. Dudnik, Larisa Vatutina, Irina V. Nikolaeva, Nikolay Kuznetsov, Marina I. Ivleva, and Marina Podzorova
- Subjects
HF5001-6182 ,Sociology and Political Science ,Energy (esotericism) ,Fuzzy set ,Development ,Business model ,GeneralLiterature_MISCELLANEOUS ,ddc:650 ,0502 economics and business ,Management. Industrial management ,Business ,Developed market ,efficiency improvement ,Open innovation ,business.industry ,05 social sciences ,Variance (accounting) ,HD28-70 ,artificial intelligence ,Energy sector ,open innovation ,ComputingMethodologies_PATTERNRECOGNITION ,Position (finance) ,050211 marketing ,Artificial intelligence ,energy industry ,General Economics, Econometrics and Finance ,050203 business & management - Abstract
This research aims to substantiate the impact of using open innovation (OI) in the energy sector in readiness to implement artificial intelligence (AI) technologies and their effectiveness. The empirical method was proposed to determine the readiness level of OI for the implementation of AI technologies by comparing Russian and French energy companies. Readiness level indicators of companies for AI implementation using the Fibonacci sequence, Student’s t-test, and the method of fuzzy sets were empirically determined. The integrated readiness indicator for AI implementation by companies was calculated using the method of fuzzy sets and expressed through variance, allowing for these significant factors. Russian companies are at a low level of developmental readiness to implement AI, which is in contrast to companies operating in a developed market where the determining factor is the AI technology cost. The example of the innovative business model “Energy-as-a-Service” shows the synergistic effects of OI use and AI technology introduction. This paper is novel because it seeks to contribute to the current debate in the literature, justifying the position that energy companies that have in the past actively applied the concept of open innovation in business, are the most competitive and most efficient in implementing AI technologies.
- Published
- 2021
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