EconPapers    
Economics at your fingertips  
 

Managing innovation in the era of AI

Zeljko Tekic and Johann Füller

Technology in Society, 2023, vol. 73, issue C

Abstract: This paper conceptualizes how artificial intelligence (AI) may impact the way companies innovate and manage their innovation process. A research framework we use in investigation builds upon three pillars – data, new tech, and talent. Based on it, we map and discuss changes for organizations applying AI in innovation management. We conceptualize innovation management in the era of AI as a data-driven process in which AI significantly affects all dimensions of the innovation process and its management. Further, our framework suggests that the need for data, technology, and talents will lead to more open and collaborative innovation approaches, novel strategies for innovation protection, and the emergence of new roles in innovation teams. Using AI for innovation management also creates challenges like ethical data usage, navigation through diversity emerging from humans collaborating with artificial intelligence, and escaping from the incremental innovation trap. We summarize our main conclusions as research propositions and outline their practical implications.

Keywords: AI; AI-based innovation; Innovation management; Data (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0160791X23000593
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:teinso:v:73:y:2023:i:c:s0160791x23000593

DOI: 10.1016/j.techsoc.2023.102254

Access Statistics for this article

Technology in Society is currently edited by Charla Griffy-Brown

More articles in Technology in Society from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-03-19
Handle: RePEc:eee:teinso:v:73:y:2023:i:c:s0160791x23000593