Latest Tech: How AI Takes ‘Democratized’ Innovation To The Next Level
Ai as idea generator for allgetty
First, there was crowdsourcing — the idea that everyone has something to contribute to the organization or problem at hand. Can generative AI finesse on this concept, and make it more workable?
The concept of “democratized” innovation came to the forefront with online crowdsourcing and its sibling of idea competitions, which have seen widespread use from product testing to developing applications to run on NASA spacecraft.
At the same time, while most frequently employed for solving simple challenges such as choosing a corporate logos, crowdsourcing suffers from a “lack of trust in the intellectual power of the crowds and their ability to tackle complex problems,” relates Eugene Ivanov of CRDF Global in an analysis at HeroX. Another challenge is confusi...
