{"id":170520,"date":"2025-01-23T11:03:23","date_gmt":"2025-01-23T09:03:23","guid":{"rendered":"https:\/\/www.tehnopol.ee\/?p=170520"},"modified":"2025-01-23T11:12:13","modified_gmt":"2025-01-23T09:12:13","slug":"how-to-use-ai-for-innovation-tips-from-an-expert","status":"publish","type":"post","link":"https:\/\/www.tehnopol.ee\/en\/how-to-use-ai-for-innovation-tips-from-an-expert\/","title":{"rendered":"How to use AI for innovation \u2013 tips from an expert"},"content":{"rendered":"

New technology initiatives fail more than 80% of the time. That is because the initiative lack vision, structure, governance and the correct buy in to scale. AI expert Danilo McGarry spoke about the key concepts surrounding innovation, particularly in the context of digital transformation and the integration of artificial intelligence (AI) into business practices.<\/strong><\/p>\n\n\n\n

McGarry defined innovation as the process of turning ideas into marketable products, emphasising the necessity for companies to adopt a forward-thinking approach amidst the Fourth Industrial Revolution, characterised by rapid technological advancements.<\/p>\n\n\n\n

He also touched upon the anticipated emergence of Artificial General Intelligence (AGI) within the next few years and its potential to disrupt various professions. McGarry highlighted AI\u2019s projected economic impact, which could generate trillions in value, urging companies to develop strategies that align innovation with their business objectives.<\/p>\n\n\n\n

Moreover, he underscored the importance of starting innovation initiatives on a smaller scale, encouraging companies to promote a culture of agility and iterative development. Key action items were identified, including the need to embed AI into operations, explore AGI\u2019s implications, and establish a framework for measuring innovation success.<\/p>\n\n\n\n

Key takeaways<\/strong><\/h2>\n\n\n\n

Understanding innovation<\/strong><\/p>\n\n\n\n