A Study On The IFLYTEK Business Model

In China,artificial intelligence has become one of the directions of industrial structure transformation,and a large number of enterprises have begun to transform into artificial intelligence enterprises.However,no one has yet found a successful business model in the field of artificial intelligence.In comparison,iFLYTEK is considered by the industry to be a relatively mature business model.This article is based on the analysis method of the six elements of the successful business model proposed by Wei Wei and Zhu Wuxiang.Combined with the actual situation of iFLYTEK,the company’s business model in the field of artificial intelligence is carried out.Research,from the positioning,business systems,key resource capabilities,profitability models,cash flow structure,corporate value and other aspects to start a detailed analysis,through this analysis to explore the iFLYTEK chose to use artificial intelligence development platform based on the platform to enter The inevitability and feasibility of various business sectors and the ultimate creation of a profitable business model in the industry ecosystem.The study believes that iFLYTEK has gone through the"Technology provider--Technology and Solution provider" model in the artificial intelligence field for the past few years and has now entered the "Ecological builder" model.Under the current model,iFLYTEK also needs to invest more in technology to maintain its advantages on the platform side.At the same time,it needs to continue to dig deeper into the industry pain points in the industry sectors that it is involved in,and combine the technological advantages of artificial intelligence to make solutions that truly suit the industry and form its own Industry barriers.This paper hopes to use the analysis of the business model of iFLYTEK to provide reference for companies that are engaged in the field of artificial intelligence,so as to choose the right path for the development of their own business model.