AI, Big Data, and Value Co-Creation: A Conceptual Model
Oct 31, 2020
DOI:
Published in: https://www.springer.com/series/7092.
Publisher: Springer
The development of Artificial Intelligence (AI) and big data technologies in the ecosystem has reshaped the concept of value co-creation. Still, there is a need to renovate this concept from a digital perspective. This study conceptualizes the dynamic relationships between AI, big data, and value co-creation. The conceptual framework in this study adopts the S-D logic to connect the two players (customer as creator and firm as a user) of big data. This framework elucidates that big data is a crucial driver for transferring the concept of value in marketing to value co-creation. The framework also suggests that value co-creation is composed of two dimensions: co-production and value in use. Finally, the framework posits AI technologies as a critical link between the two players of big data that can conceive value co-creation and, eventually, improvement in customer satisfaction and firm performance.