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Boosting Innovation: Harnessing AI for New Product & Service Development

Leapfrogging

This approach aligns with the concept of innovation management powered by artificial intelligence , which leverages the capabilities of AI to supercharge the innovation cycle. By integrating AI into the innovation process, companies can uncover valuable insights, streamline workflows, and make more informed decisions.

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Unleashing the Power of AI in Innovation Management

Leapfrogging

Plus, everyone wondered how AI could be leveraged as a source of process innovation in the innovation management process itself. As I delved deeper into the processes that underpin effective innovation management that AI could transform, I realized the potential for even greater disruption than I had thought.

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What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

When they are constantly scanning reports on the “state of innovation” it can often lull them, to give some that warm glow, others quickly being dismissive, disregarding many of the key messages as “not applicable to me”. Then disruption suddenly hits. Now that is very disappointing but what do we expect from innovation?

Report 212
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Innovation project or Innovation Capability?

Jeffrey Phillips

In fact, the main metric for most innovation projects is how quickly they can get through the work, so the team can go back to their day jobs. In most discrete innovation projects, the ideas generated are not distinguished from existing products or services, and thus many times the activity is deemed unsatisfactory or even a failure.

Project 209
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Building a lasting innovation capability

Jeffrey Phillips

This reduces the risk of innovation and increases visibility Introduce the idea of innovation portfolios and the need to innovate across the three horizons. Demonstrate that innovation depends on finding the most innovative people, who by definition are rarely the more efficient people.

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Shifting Radically the Innovation Business Model

Paul Hobcraft

I get the distinct impression the focus of most innovation consultants is still locked into product innovation or improving the process of the pipeline / portfolio, the idea generation and project execution model. Can innovation consulting firms step up to the plate and deliver differently?

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Top 3 Alternative Assets for your Business Innovation Strategy

Qmarkets

Therefore, within the innovation ecosystem trends can be where your innovation journey starts. The trend data you gather can be based on anything from new technologies and services to new disruptive business models. Smaller, Quicker Wins Improvements can be implemented far quicker than larger disruptive ideas.