Make or Buy your Artificial Intelligence? Complementarities in Technology Sourcing

Charles Hoffreumon, Chris CM Forman and Nicolas van Zeebroeck

No 2023-69, Working Papers TIMES² from ULB -- Universite Libre de Bruxelles

Abstract: While the adoption and use of artificial intelligence (AI) are now significant, overall adoption rates remain low (Kazakova et al 2020; McElheran et al 2023; Zolas et al 2020). One recent line of work has argued that AI represents a type of general-purpose technology (GPT) (Bresnahan and Trajtenberg 1995; Trajtenberg 2019; Furman and Seamans 2019), and so requires significant downstream innovation to adapt general solutions to unique user needs (Brynjolfsson, Rock, and Syverson 2019, 2021; Goldfarb, Taska, and Teodoridis 2023). At the firm level, this will require a combination of business process innovation but also the development of software that will fit the unique needs of firms. This need for complementary adaptation and innovation has historically proven to be difficult (Bresnahan and Greenstein 1996).

Keywords: Artificial Intelligence; Technology Adoption; Complementarities (search for similar items in EconPapers)
Pages: 48 p.
Date: 2023-08
New Economics Papers: this item is included in nep-ain and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published by:

Downloads: (external link)
https://dipot.ulb.ac.be/dspace/bitstream/2013/3680 ... MON_VANZEEBROECK.pdf Œuvre complète ou partie de l'œuvre (application/pdf)

Related works:
Journal Article: Make or buy your artificial intelligence? Complementarities in technology sourcing (2024)
Working Paper: Make or buy your artificial intelligence? Complementarities in technology sourcing (2024)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ict:wpaper:2013/368089

Ordering information: This working paper can be ordered from
http://hdl.handle.ne ... lb.ac.be:2013/368089

Access Statistics for this paper

More papers in Working Papers TIMES² from ULB -- Universite Libre de Bruxelles Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Pauwels ().