Leveraging AI To Spot Opportunities In Foresight & Innovation

Leveraging AI To Spot Opportunities In Foresight & Innovation

AI is changing the way businesses view innovation management. Companies can use AI-powered innovation management platforms to collect and analyze data on relevant trends, research, patents, competitors, and startups. When combined with a thought framework of the Known Unknowns, AI can help businesses discover new windows of opportunities in product and service development. However, AI algorithms are still unable to assess the importance of trends, leaving the analysis and decision making up to innovation managers and strategists. Despite this, software-enabled solutions can streamline processes and release time for specialists to focus on critical and actionable tasks. With AI, companies can detect new trends faster than the competition and explore opportunities before others can.

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What Are The Six Traits of Highly Innovative Organizations?

Innovative organizations possess six common traits that lead to higher financial performance. These include executive embrace of innovation, employee engagement, clear innovation process, knowledge management system, resource investment, and systems to encourage innovation.

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Sooner, Better, Bolder

Innovation is a team sport, as groups are more effective than individuals at innovating. People engage and ideate sooner when paired with teammates, it's cheaper, and they think more creatively with a partner. The optimal group size is two to three.

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Follow these 10 people on social media to spark your idea generation

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