BU 692 Impact of AI on Innovation
The impact of AI on innovation is not just in its technological advancements but also in its ability to reshape industries, economies, and societal norms, underscoring the importance of navigating its development and application responsibly.
AI is contributing to the creation of entirely new categories of products and services, such as autonomous vehicles, smart home devices, and personalized content recommendations, enhancing consumer experiences and creating new markets.
However, the integration of AI into innovation processes also presents challenges, including ethical considerations, the potential for job displacement, and the need for regulatory frameworks. As AI becomes increasingly sophisticated, ensuring that innovation remains human-centered and benefits society as a whole is crucial.