How will ChatGPT and AI change corporate innovation? - Innov8rs

Innov8rs. Innov8rs. Innov8rs. Innov8rs. Innov8rs. Innov8rs. 

Innov8rs is a global community of innov8rs and corporate entrepreneurs dedicated to driving innovation and growth within their organisations. They provide a platform for sharing knowledge, best practices, and experiences with other members of the community. 

Innov8rs hosts various events throughout the year, including conferences, workshops, and online learning labs. These events help innovators and entrepreneurs stay up to date on the latest trends and best practices in innovation and collaboration. Pretty much in line with our vision at Novable. As a matter of fact, this year we had the pleasure of participating in the “Startup Collaboration and Ecosystem Engagement” learning lab as a partner of the event.

innov8rs startup collaboration

Three main questions were addressed during the different sessions that took place over the course of three days:

  • What are the most effective approaches for open innovation, also given today’s economic climate?
  • How to find, source, and select the right startups, making decisions based on data and not for the fear of missing out?
  • How can startup collaborations, partnerships, and investments measure the impact?

Regarding our contribution, Manuel Hellendorff, Head of Customer Success, talked about “Corporate AInnovation – How will ChatGPT and AI change corporate innovation?”. A little summary of his presentation follows. 

startup scouting for corporate innovation

Where is AI changing work right now?

AInnovation

1. NLP

NLP (Natural Language Processing) focuses on developing algorithms and techniques that enable computers to understand, interpret, and generate human language. This involves tasks such as text analysis, language translation, sentiment analysis, speech recognition, and question-answering systems. It is used in a variety of applications, including virtual assistants, chatbots, language translation services, and automated content creation. 

Otter.ai is an AI-powered transcription and note-taking app that uses NLP to transcribe audio recordings and create searchable, shareable notes. The app transcribes live conversations or pre-recorded audio, which is useful for meetings, interviews, lectures, etc. The app’s NLP technology allows it to recognize and differentiate between multiple speakers. It can also identify and highlight key phrases and topics in the transcribed text. Users can edit the transcripts to correct errors or add additional information, and the app can sync the transcripts across multiple devices.

2. Customisation

Customisation refers to the process of tailoring a product or service to meet the specific needs or preferences of an individual or group of customers. It can take many forms, such as personalised products, made-to-order items, or services that are tailored to the unique needs of each customer. 

Synthetic users allows your business to test ideas and products with AI participants and make decisions with confidence. You can:

  • Test desirability: find your winning concept and validate market fit (learn about customer preferences, habits, etc.
synthetic users innov8rs
  • Optimise your product: gain a unique overview of your product, allowing you to uncover features and blockers.
synthetic users innov8rs
  • Fine-tune and segment your own participants: target your product to very specific audiences and get meaningful feedback.

3. Decision-making

Decision-making is the process of choosing between alternative courses of action based on available information and preferences. It is a cognitive process that involves analysing and evaluating information, weighing the pros and cons of different options, and selecting the most appropriate option based on one’s goals and objectives. 

Rationale is a software application that helps individuals and teams to improve their critical thinking and decision-making skills. It provides a framework for analysing complex problems and making informed decisions by breaking down the problem into its constituent parts and evaluating each part individually. The application allows users to create and share visual representations of their thinking process, including diagrams, flowcharts, and mind maps. Moreover, it provides tools for evaluating the strengths and weaknesses of different arguments and perspectives. Rationale is designed to be used in a variety of contexts, including education, business, and government, and can be customised to meet the specific needs of different users and applications.

Rationale innov8rs
Rationale innov8rs
Startup Scouting for Corporate Innovation with Novable

4. Content generation

Content generation can take many forms, such as blog posts, articles, videos, podcasts, social media posts, infographics, and more. The goal is to produce high-quality and engaging content that attracts and retains an audience. Therefore, it involves researching and analysing trends, conducting interviews, and working with subject matter experts to create informative, entertaining, and valuable content for target audiences.

Seenapse is a unique combination of human lateral thinking and AI’s speed that allows you to generate hundreds of divergent, creative possibilities in minutes. It gives you interesting, surprising ideas that point to many different creative directions, inspired by humans, powered by AI.

Seenapse innov8rs

5. Automation

Automation refers to the use of technology and software to perform tasks or processes that would normally be done manually by humans.

Uizard.io is an AI-powered design platform that helps users create custom user interfaces (UI) and user experiences (UX) for web and mobile applications. It uses machine learning algorithms to interpret natural language descriptions of UI elements and generates corresponding code and designs. The platform offers a drag-and-drop interface and a library of pre-built UI components to help users quickly create custom designs. It also provides real-time collaboration tools to enable teams to work together on UI design projects. 

UIzard

5. Data management

Data management refers to the processes and techniques used to manage data throughout its lifecycle, from creation to disposal. It involves organizing, storing, protecting, and maintaining data to ensure its accuracy, reliability, and accessibility for future use.

Check for AI provides AI detection to uphold confidence in written work. The analysis leverages the combination of Open AI’s existing Roberta-base model for GPT detection and their own proprietary models. Open AI’s Roberta-base boasts a 95% accuracy, and their custom models help to limit false readings.

CheckAI

7. Privacy and Safety

Capable design combines fashion design and technology. Cap_able wants to raise awareness and open a debate on under-represented issues of our present that will shape our future, such as the importance of privacy protection, the daily needs of non-binary people, and the silent humiliation that often comes with infertility.

Cap_able

One of the key tools utilised by the majority of businesses to implement their innovation strategy is open innovation. By collaborating with startups, big corporations will be able to better handle potential difficulties as well as unlock and explore opportunities. Engaging with potential partners, building effective partnerships, and measuring the impact of these collaborations is key. 

In general, we can say that Innov8rs events provide an excellent opportunity for innovation professionals to build a culture of innovation and create new value for their customers. 

Were you already aware of their solutions? Have you already applied some of them in your daily activities? Share your thoughts with us on LinkedIn!

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