IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9781800611337_0004.html
   My bibliography  Save this book chapter

Addressing AI Traps: Realizing the Potential of AI for Innovation Trend Spotting, Monitoring and Decision-Making

In: Artificial Intelligence and Innovation Management

Author

Listed:
  • Amber Geurts

Abstract

This chapter focuses on the utilization of AI to identify and monitor innovation and technology trends to support decision making. There are high expectations from the advances in AI to provide better, more timely and more complete information and insights on innovation and technology trends to support decision making. There is, however, less discussion of what it takes to develop such AI-supported monitoring of innovation, and how such new ways are introduced and affect decision-making processes. We pay specific attention to the challenges of moving towards the adoption of such AI-supported innovation monitoring capabilities. We refer to these challenges as “AI traps.” Addressing such traps is important in the evaluation of the promise of AI for innovation trend spotting, as well as in preventing any disappointments with its potential outcomes. The insights developed in this chapter are therefore meant to help innovation managers realize the full potential of AI for innovation trend spotting, monitoring and, ultimately, decision-making.

Suggested Citation

  • Amber Geurts, 2022. "Addressing AI Traps: Realizing the Potential of AI for Innovation Trend Spotting, Monitoring and Decision-Making," World Scientific Book Chapters, in: Stoyan Tanev & Helena Blackbright (ed.), Artificial Intelligence and Innovation Management, chapter 4, pages 63-74, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9781800611337_0004
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9781800611337_0004
    Download Restriction: Ebook Access is available upon purchase.
    File URL: https://www.worldscientific.com/doi/abs/10.1142/9781800611337_0004
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Artificial Intelligence; Innovation Management; Knowledge-Based Perspective; Decision Making; Entrepreneurial Opportunity; Ai-Driven Innovation; Automation; Research Process Disruption; Value Proposition; Business Scaling; Fair; Inclusive and Anticipatory Leadership; Social Impact of AI; Living Labs; Public Procurement of AI;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O36 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Open Innovation
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9781800611337_0004. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.