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Beyond AI, Blockchain Systems, and Digital Platforms: Digitalization Unlocks Mass Hyper-Personalization and Mass Servitization

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Listed:
  • Seppälä, Timo
  • Mucha, Tomasz
  • Mattila, Juri

Abstract

The ever-progressing digitalization of the economy and society is unlocking new opportunities for organizations engaging in services. We are in the middle of a transformation of the service sector that can be likened to the advent of mass production in the 1940s. Based on recent advances and developments in artificial intelligence, digital platforms, and blockchain systems, we are witnessing the emergence of new digitalization phenomena of metahuman systems, artificial intelligence platforms, and meta-organizations. Jointly, these forces are shaping now, or will be in the near future, the service activities of organizations around the world. They enable mass hyper-personalized services and mass servitization – new types of high variety and high-volume service processes. Artificial intelligence applications like search and recommendation engines, and artificial intelligence platforms such as Google Maps, Chat GPT, BloombergGPT and Stable Diffusion can be perceived as early manifestations of the ongoing transformation. Already in the present day, applications and platforms such as these can be adopted in a wide range of downstream tasks, thus enabling personalized service experiences for audiences of one. While increasing the value of service offerings, mass hyper-personalization and mass servitization also have the potential to increase the productivity of service operations and the entire service sector, especially in the context of knowledge-intensive work. This working paper reflects and provides an up-to-date synthesis of key emerging concepts on digitalization, services and research directions grounded in our current research. See also the book The Fifth Wave – BRIE-ETLA Collection of Articles (ETLA B281).

Suggested Citation

  • Seppälä, Timo & Mucha, Tomasz & Mattila, Juri, 2023. "Beyond AI, Blockchain Systems, and Digital Platforms: Digitalization Unlocks Mass Hyper-Personalization and Mass Servitization," ETLA Working Papers 106, The Research Institute of the Finnish Economy.
    • Handle: RePEc:rif:wpaper:106
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    References listed on IDEAS

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    JEL classification:

    • L8 - Industrial Organization - - Industry Studies: Services
    • L84 - Industrial Organization - - Industry Studies: Services - - - Personal, Professional, and Business Services

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