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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More Innovation Resources:

A small wins innovation case study

Qantas and UNICEF's "Change for Good" program has raised $28 million dollars by encouraging passengers to donate spare change. The program is a great example of small wins innovation.

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Inside-out versus outside-in strategy: Which is better for your business?

Inside-out versus outside-in strategy: Which is better for your business?

Inside-out and outside-in innovation strategies are compared to help assess which approach works best for your business.

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What are the benefits of Gantt Chart in innovation management?

Gantt Charts are becoming increasingly important in innovation management. Here are 10 benefits of using them.

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