Can AI Help Your Company Innovate? It Depends

  • 📰 HarvardBiz
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Companies need new ways to innovate quickly, cheaply, and productively. Many, quite reasonably, wonder how deploying AI might help. To investigate, we researched how companies are using AI for innovation and found that tools are just tools — success depends on how organizations use these new tools now at their disposal.

Companies that use it for recombination see better results than those that use it for incremental improvements and radical innovation efforts.

To investigate what kinds of innovation AI worked with, the authors performed two studies: first, a survey of 331 firms for practices on process improvement and new technology development, and second, an archival analysis of patent data on new technology development for a broader sample of more than 2,000 publicly traded firms.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 310. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Neurotech company looks to virtual reality and AI to help provide hospice careNational data shows the number of hospice patients in the U.S. is growing so fast that there aren't enough chaplains to provide patients with the spiritual care they're looking for at the end of their lives.
Source: KPIXtv - 🏆 443. / 53 Read more »

Frustrated dog owners call KHOU for help after not receiving custom kennels from local companyJeannie Gentry was one of many customers who ordered a custom dog kennel from Designs By Curlee and never received their product.
Source: KHOU - 🏆 330. / 59 Read more »

Ask Amy: Should I hire someone to help deal with the insurance company for hurricane repairs?Many of you will soon be dealing with insurance claims and repairs. Should you hire a person to help you deal with the insurance company? Amy Davis explains everything you need to know about public adjusters - what they can do for you and how much you can expect to pay.
Source: KPRC2 - 🏆 80. / 68 Read more »

Students from Elyria non-profit help design new home thanks to local construction companyReporter at News 5 Cleveland
Source: WEWS - 🏆 323. / 59 Read more »

FCC wants your help to decide if T-Mobile should be allowed to acquire another companyAnam Hamid is a computer scientist turned tech journalist who has a keen interest in the tech world, with a particular focus on smartphones and tablets. She has previously written for Android Headlines and has also been a ghostwriter for several tech and car publications.
Source: PhoneArena - 🏆 322. / 59 Read more »