Analyzing the Impact of Scientific and Technological Innovations on Financial Performance: A PCA-Based Study of an AI Healthcare Startup
Hayder M A Ghanimi
Hayder M A Ghanimi
Information Technology Department, College of Science, University of Warith Al-Anbiyaa, Karba-la, Iraq and Department of Computer Science, College of Computer Science and Information Technology, University of Kerbala, Karbala, Iraq.
This study explores the relationship between scientific and technological innovations and the financial performance of startups, focusing on a representative Artificial Intelligence (AI) healthcare startup. Utilizing Principal Component Analysis (PCA), the research aims to dissect the complex interplay between innovation-related metrics—such as R&D spending, patent counts, and technology adoption rates—and financial outcomes like revenue growth, profitability, and market share. The PCA methodology enabled the reduction of high-dimensional data into PCA, which clearly illustrates how several dimensions of innovation impact financial metrics. The approach used in the investigation helps people comprehend more thoroughly how development benefits business viability in several different manners and provides startups with practical advice to use when preparing their revolutionary investments. This paper aims to assist the ecosystem of startup consumers (including investors, business owners, and policymakers) in making better decisions that balance technological progress with economic objectives.
Keywords
Artificial Intelligence, Principal Component Analysis, Finance, Policy-Makers, Business Models.
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We would like to thank Reviewers for taking the time and effort necessary to review the manuscript. We sincerely appreciate all valuable comments and suggestions, which helped us to improve the quality of the manuscript.
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Girish Kumar Painoli
Girish Kumar Painoli
School of Commerce and Management, Aurora Deemed to be University, Hyderabad, Telangana, India.
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Cite this article
Hayder M A Ghanimi, Girish Kumar Painoli, Dipenkumar Contractor, Sowjanya G N, Vani Lavanya A and Kamal Poon, “Analyzing the Impact of Scientific and Technological Innovations on Financial Performance: A PCA-Based Study of an AI Healthcare Startup”, Journal of Machine and Computing, pp. 1117-1125, October 2024. doi:10.53759/7669/jmc202404103.
