Artificial Intelligence and Robotics transform entrepreneurship, augmenting and replacing tasks associated with idea production, selling, and scaling. These changes entail new ways of working, and we consider implications for the organizational design of entrepreneurial ventures.
- The Future Paradigm revolutionizes entrepreneurship as it creates a platform that infuses intelligence into everything we do while also democratizing entrepreneurship opportunities.
- Artificial Intelligence and Machine Learning are available to help make sense of data, create content, recommend courses of action, automate decision-making, and improve productivity.
- New organizational design is emerging for new ventures to promote ownership and collaboration among colleagues with different skill sets and interest areas.
It has been said that the two most significant technological innovations to impact the world in the last century were electricity and the internet (e.g., Gordon, 2000). Both technologies are now creating massive disruptions in how we work and live. The next wave of innovation involves robotics, artificial intelligence (AI), and other forms of automation. Imagine robots that work tirelessly on your business. Entrepreneurship is evolving, and AI and robotics are fundamental elements of this evolution by enhancing and substituting ideas generation, sales, and growth activities (Kaivo-Oja et al., 2017). New organizational design, new venture models, and new leadership roles are needed to harness the potential of AI and Robotics.