Unleashing Business Value & Economic Innovation Through AI

Insightful article on focusing on Gen AI ‘s value generation possibilities rather than cost reduction. I particularly like the below journey from Curiosity, to Imagination, to Creativity, to Innovation.

“Imagine a path that represents the journey toward cultural empowerment and innovation. This path starts with a base of curiosity and ends with the peak of innovation (see Figure 1). Figure 1 shows how cultural empowerment can inspire human curiosity and exploration, leading to genuine creativity and economic innovation. To achieve this human-driven economic innovation, we must promote a culture that embraces AI/GenAI for innovation, including:

• Curiosity. At the start of the journey, curiosity represents the foundational attitude that drives individuals to question the status quo and seek knowledge. In the context of AI/GenAI, fostering curiosity in all team members ensures a constant search for data insights and innovative technology applications.

• Imagination. Building on curiosity, imagination allows individuals to conceptualize novel ways to apply AI/GenAI. It’s about seeing beyond current applications to imagine future innovations.

• Creativity. This level represents the synthesis of curiosity and imagination, turning new ideas into tangible concepts. In AI/GenAI, this might manifest as inventive data models, unique algorithms, or original ways to integrate AI into products and services.

• Innovation. At the pinnacle, empowerment and encouragement of exploration, intelligent risk-taking, and continuous learning result in new AI-driven products, services, or operational processes that deliver economic value.”

Figure 1. Path to cultural empowerment and innovation

https://www.cutter.com/article/unleashing-business-value-economic-innovation-through-ai