CHAPTER 6

Artificial Intelligence and Innovation Management: Improving an Innovation Portfolio Through Machine Learning

Carlos Vasquez

Introduction

Innovation is a central issue in contemporary organizations (Dodgson, Gann, and Phillips 2013b; Fagerberg and Verspagen 2009; Salter and Alexi 2013). When managed effectively, innovation can improve both the top and bottom lines of businesses worldwide (Dodgson, Gann, and Salter 2008; Tzeng 2009). However, ineffective management of innovation may lead to an organization becoming uncompetitive or reliant on technologies that, once successful, are now obsolete (Dodgson, Gann, and Phillips 2013a; Christensen 2013; Freeman and Soete 1997). Technology can facilitate effective innovation management; frameworks ...

Get Business Strategy in the Artificial Intelligence Economy now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.