The fast pace of artificial intelligence (AI) and automation is propelling to reshape their business models. This is fostering the integration AI in the business processes but the consequences of this adoption are and need attention. This paper focuses on the overall impact of on businesses - from research, innovation, market deployment to future in business models. To access this overall impact, we design a-dimensional research model, based upon the Neo-Schumpeterian economics its three forces viz. innovation, knowledge, and entrepreneurship. The dimension deals with research and innovation in AI. In the second, we explore the influence of AI on the global market and the objectives of the businesses and finally, the third dimension how AI is shaping business contexts. Additionally, the paper explores implications on actors and its dark sides.
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Soni et al. (2019) studied this question.