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AI and Innovation. How to Transform Your Business and Outpace the Competition with Generative AI. Edition No. 1

  • Book

  • 272 Pages
  • November 2024
  • John Wiley and Sons Ltd
  • ID: 5971704

Transform your organization’s approach to AI with tested frameworks from global leaders 

AI and Innovation: How to Transform Your Business and Outpace the Competition with Generative AI is an expert blueprint on shaping and scaling the AI ecosystem of the future, revealing frameworks already tested and implemented at leading companies including Siemens, GE, and Microsoft. This book contains insight, use cases, tools, and templates to help readers build a brighter future for their organizations based on a fusion of disciplines, new concepts, and foresight thinking. 

Written by two transformational business leaders, this AI and Innovation shows readers how to create the future of the innovation engine by connecting the dots between technology, change, and business success. The authors discuss topics including: 

  • Understanding the core concepts behind AI, including why it matters and what it actually is 
  • Generating a roadmap of change, then applying concrete tools and methods to kick-start and anticipate transformational change 
  • Transforming the ways of working, collaborating, and realizing new market opportunities 
  • Preparing for the future as AI and related technologies continue to progress at a breathtaking pace 


AI and Innovation
is a timely, essential read for business leaders, innovation and strategy managers, and executives seeking state-of-the-art guidance on AI and proven best practices for implementation.

Table of Contents

Introduction

About The Authors 8

Preface 10

Motivation For The topic 12

Introduction to Exponential Change 16

New Perspectives 28

Clearing Up AI Basics 32

Key Takeaways 41

Part 1: Why AI Matters

Imagine That . . .44

What If . . .62

Examples of Use Cases 77

Expert Point of View 82

Key Takeaways 86

Part 2: How to Make A Difference With AI

Where to Play and How to Win 90

How to Design The AI Strategy 94

How to Develop AI Capabilities 116

Examples of Industry Cases 127

How to Address AI Ethics 132

How to Handle AI Regulations 138

Expert Point of View 145

Key Takeaways 150

Part 3: What tools and Methods Support The Activities?

How to Leverage The AI Value Chain 154

Transformer Models, Agi, and Other Beliefs 156

Example of Application Scenario 161

Methods For AI and Innovation 168

#1 AI Lens: Increased Employee Productivity 169

#2 AI Lens: AI-Driven Innovation and Creativity 180

#3 AI Lens: top-Line and Bottom-Line Impact 194

Expert Point of View 200

Key Takeaways 204

Part 4: The Future of AI and Innovation

What’s Next For AI 208

Trends On AI 212

AI’s Influence On Different Sectors 216

Example of Industry Cases 223

Future of Innovation Management 230

Expert Point of View 237

Key Takeaways 244

Wrap-Up

Closing Words 246

AI-Glossary 248

Sources 257

Index 263

Authors

Michael Lewrick Stanford University. Omar Hatamleh NASA.