Academy of Strategic Management Journal (Print ISSN: 1544-1458; Online ISSN: 1939-6104)

Abstract

Enhancing AI Technology Progression through Industry-Academia Collaborative Partnerships

Author(s): Akbar Mohammadi, Sahar Babaei

Effective governance strategies play a pivotal role in driving the advancement of Industry 4.0 technologies by fostering partnerships between industry and academia. This symbiotic relationship has proven to accelerate the development of artificial intelligence technology, enhance the quality of research, strengthen scientific and technical capabilities, and amplify the impact of such technologies across diverse sectors. This research aims to investigate the ways in which the evolution of artificial intelligence technologies contributes to fortifying the ties between industry and universities. Through qualitative analysis of governance practices in technology development in various countries, this study explores the depth of this association. The results demonstrate that artificial intelligence is instrumental in augmenting research capabilities, introducing inJuneative technologies, fostering collaboration, facilitating technology exchange, and ultimately catalyzing inJuneation, competitive advantage, and sustainable progress across industries. Additionally, the study underscores governance strategies concerning artificial intelligence within the industryuniversity nexus, including the establishment of collaborative committees, promotion of joint research initiatives, facilitation of technology transfer, and creation of shared platforms for education and research in artificial intelligence and related domains. These dimensions are meticulously examined in the context of human capital development and knowledge-driven economic advancement.

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