Open Access
Open access

Trends, Impacts, and Prospects for Implementing Artificial Intelligence Technologies in the Energy Industry: The Implication of Open Innovation

Olesya Dudnik 1
Marina Vasiljeva 2, 3
Nikolay Kuznetsov 4
Marina Podzorova 5
Irina. Nikolaeva 6
Larisa Vatutina 7
Ekaterina Khomenko 8
Marina Ivleva 9
Publication typeJournal Article
Publication date2021-06-12
scimago Q1
SJR1.215
CiteScore14.0
Impact factor
ISSN21998531
Sociology and Political Science
General Economics, Econometrics and Finance
Development
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.

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GOST |
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GOST Copy
Dudnik O. et al. Trends, Impacts, and Prospects for Implementing Artificial Intelligence Technologies in the Energy Industry: The Implication of Open Innovation // Journal of Open Innovation: Technology, Market, and Complexity. 2021. Vol. 7. No. 2. p. 155.
GOST all authors (up to 50) Copy
Dudnik O., Vasiljeva M., Kuznetsov N., Podzorova M., Nikolaeva I., Vatutina L., Khomenko E., Ivleva M. Trends, Impacts, and Prospects for Implementing Artificial Intelligence Technologies in the Energy Industry: The Implication of Open Innovation // Journal of Open Innovation: Technology, Market, and Complexity. 2021. Vol. 7. No. 2. p. 155.
RIS |
Cite this
RIS Copy
TY - JOUR
DO - 10.3390/joitmc7020155
UR - https://doi.org/10.3390/joitmc7020155
TI - Trends, Impacts, and Prospects for Implementing Artificial Intelligence Technologies in the Energy Industry: The Implication of Open Innovation
T2 - Journal of Open Innovation: Technology, Market, and Complexity
AU - Dudnik, Olesya
AU - Vasiljeva, Marina
AU - Kuznetsov, Nikolay
AU - Podzorova, Marina
AU - Nikolaeva, Irina.
AU - Vatutina, Larisa
AU - Khomenko, Ekaterina
AU - Ivleva, Marina
PY - 2021
DA - 2021/06/12
PB - MDPI
SP - 155
IS - 2
VL - 7
SN - 2199-8531
ER -
BibTex |
Cite this
BibTex (up to 50 authors) Copy
@article{2021_Dudnik,
author = {Olesya Dudnik and Marina Vasiljeva and Nikolay Kuznetsov and Marina Podzorova and Irina. Nikolaeva and Larisa Vatutina and Ekaterina Khomenko and Marina Ivleva},
title = {Trends, Impacts, and Prospects for Implementing Artificial Intelligence Technologies in the Energy Industry: The Implication of Open Innovation},
journal = {Journal of Open Innovation: Technology, Market, and Complexity},
year = {2021},
volume = {7},
publisher = {MDPI},
month = {jun},
url = {https://doi.org/10.3390/joitmc7020155},
number = {2},
pages = {155},
doi = {10.3390/joitmc7020155}
}
MLA
Cite this
MLA Copy
Dudnik, Olesya, et al. “Trends, Impacts, and Prospects for Implementing Artificial Intelligence Technologies in the Energy Industry: The Implication of Open Innovation.” Journal of Open Innovation: Technology, Market, and Complexity, vol. 7, no. 2, Jun. 2021, p. 155. https://doi.org/10.3390/joitmc7020155.