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Generative AI can spur innovation – but only when humans are in control

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Generative artificial intelligence (AI) tools corresponding to ChatGPT Or Dall-E they are changing the best way creative work is performed, especially in industries based on innovation.

However, the usage of artificial intelligence in the innovation process requires careful consideration. Our research shows that the important thing to success is knowing and leveraging the distinct but complementary roles that each humans and AI play.

Innovation is crucial for each company that desires to achieve success today. In fact, 83 percent of firms consider innovation to be a top prioritynonetheless, only three percent are able to translate this priority into motion. This shows how much firms need to enhance their approach to innovation.

Innovation is about solving complex problems that result in real improvement. It’s not nearly coming up with good ideas – it also takes commitment knowledge-based workthat’s, the technique of using information to create something of value.

Generative AI can help enterprises prepare for innovation by facilitating the exploitation of data, but its full potential in this area stays unresolved not entirely comprehensible.

The use of artificial intelligence in the innovation process requires careful consideration.
(Shutterstock)

Design sprints

Our team, which incorporates academic researchers with expertise in emerging digital technologies and practitioners with experience in leading human-centered innovation projects, conducted the study detailed research learn how to use generative artificial intelligence in design sprints in three organizations. (The study is on the market as a preprint and has been submitted to the journal for peer review.)

AND design sprint is a fast, structured process for solving vital problems that helps teams test whether a product, service or strategy will work. Sprints are useful because they reduce the chance and costs of traditional product development

During a design sprint, a small team of 5 to seven employees from different areas collaborate intensively for several days to unravel an issue. Their work is coordinated by a facilitator who organizes classes, manages the team, tracks progress, and ensures that goals are clear and time is used effectively.

The first stage of the design sprint focuses on understanding and defining the issue, while the second stage involves creating and testing the answer. Both stages require teams to make use of two key sorts of pondering:

  1. Divergent ponderingwhich suggests coming up with plenty of different ideas and possibilities.

  2. Convergent ponderingwhich suggests narrowing down those ideas to discover priorities or solutions.

In our study, we examined how the facilitator used generative AI tools corresponding to ChatGPT, DALL-E 3 or Uizard to assist the team engage effectively in each divergence and convergence.

Double diamond diagram illustrating the structure of a design sprint. The first diamond is labeled
The design sprint process applied to a few innovation projects.
(Cédric Martineau, Carverinno Conseil)

Artificial intelligence and folks working together

In divergent pondering activities, we found two predominant advantages of using generative AI. First, it encouraged teams to explore more possibilities by presenting basic ideas as a place to begin. Second, it helped in reframing and synthesizing team members’ unclear ideas, which ultimately led to higher communication inside teams.

One of the participants told us:

“Sometimes we had a lot of ideas and the AI ​​summarized them in a concise text. Thanks to this, we could look into it. This gave us a basis, there were many fragmented ideas that everyone contributed to, and now we had a text we all agreed on. In this way, we started from the same base, which served as a springboard for further development.”

The real value of generative AI was subsequently not in the mere contribution of good recent ideas, but in the priceless synergies that emerged from the method. Team members leveraged their contextual knowledge and remained accountable for the method, while AI helped higher communicate their ideas, expand the scope of exploration, and take away potential blind spots.

A group of business professionals looking through sticky notes on a table during a discussion
The real value of generative AI was not in generating breakthrough ideas per se, but in fostering productive synergy between team members and the AI.
(Shutterstock)

Making more informed decisions

We noticed different dynamics in convergence activities, where teams needed to make decisions after demanding idea generation sessions. By this point, team members were often mentally exhausted. Generative AI was particularly helpful in doing the heavy lifting in this part.

AI has helped manage information-intensive tasks essential for team alignment, corresponding to reframing, summarizing, organizing, comparing and rating options. This reduced the mental load on team members, allowing them to give attention to vital tasks like evaluating ideas. As a part of this process, the team was liable for:

  1. Checking AI results to make sure the content is accurate and useful. For example, ChatGPT and Uizard helped create initial scenarios and prototypes to prove their concepts, but the team still needed to refine them to fulfill the project goals.
  2. Add your individual insights and contextual nuances to guide final decisions, bearing in mind aspects corresponding to feasibility, ethics and long-term strategic impact.

One of the participants said:

“Sometimes the AI ​​focused on details that were irrelevant to us… Sometimes we needed less of a general synthesis and more personalized input.”

Overall, this type of human-AI collaboration in a convergent effort helped the team make more informed and assured decisions in regards to the problem, what to give attention to, and what solution to decide on. This made them feel like that they had control over the ultimate results of the sprint.

One of the participants said:

“In key phases such as decision-making or voting on something important, such as a success factor, if we relied solely on AI to determine what is important, we would face pushback. We are better equipped to know this. We are the workers who will implement the final solution.”

Challenges and opportunities

Consistent with research on cognitive automation AND intelligent automationwe found that generative AI was very helpful in performing cognitively demanding tasks corresponding to rephrasing poorly formulated ideas, summarizing information, and recognizing patterns in team member contributions.

A key challenge with using generative AI in innovation is ensuring that it complements, moderately than replaces, human involvement. While AI can act as a useful companion, there may be a risk that if overused, it can reduce team engagement or a way of ownership of the project.

The design sprint coordinator told us:

“Feasibility must be balanced with desirability. You can technically automate most of the process, but this will kill the need for pleasure and interaction, and human doubts will not be resolved; plus people have to own the problem – all of these are essential elements of a human-centered innovation process.”

Therefore, usually assessing the impact of AI on this process is crucial to maintaining a healthy balance. Automation should enhance creativity and decision-making without undermining the human insights that are key to innovation.

As artificial intelligence continues to develop, its role in innovation will grow. Companies that integrate AI into their workflows shall be higher equipped to fulfill the rapid demands of recent innovation. However, for this collaboration to be effective, it will be important to know each the strengths and limitations of artificial intelligence and humans.

This article was originally published on : theconversation.com
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Business and Finance

David Shands and Donni Wiggins host the “My First Million” conference at ATL

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December is the birth month of David Shands and Donnie Wiggins, friends and business partners. Most people have fun by throwing a celebration. Others imagine it must be catered for. The chosen ones spend the day relaxing in peace and quiet.

Then there’s Shands and Wiggins.

The two decided that the best birthday gift can be to offer individuals with resources for generational wealth through a conference called “My first million”in Atlanta.

It’s a compromise between how their families and family members need to honor them and their desire to proceed to serve others. Shands acknowledges that almost all people won’t understand, and he unapologetically doesn’t expect them to.

“It’s not up to us to convince anyone why we do what we do,” admits Shands.

“I think everyone does what they do for different reasons, and I would just attribute it to a sense of accomplishment that I can’t explain to anyone else.”

He doesn’t need to clarify this to Wiggins because she understands his feelings. Wiggins has had a passion for serving others for so long as she will be able to remember.

“When I was in middle school, there were child sponsorship ads on TV featuring children from third world countries. I was earning money at the time and I asked my mother to send money,” she says BLACK ENTERPRISES.

She recalls how sad she felt for youngsters living in a world with so many opportunities, but at the same time going hungry. Her mother allowed her to send money, and in return she received letters informing her of their progress.

“It was very real to me,” Wiggins says, now admitting she’s undecided the letters were authentic. “I received a letter from the child I sponsored, a photograph and some updates throughout the 12 months. It was such a sense of being overwhelmed and it was something I felt so good about. I didn’t even tell my friends I used to be doing it.”

She carried this sense throughout her life, even when she lost every little thing, including her house, cars, and money. She still found ways to serve and give back, which is the basis of her friendship with Shands.

They each love seeing people at the peak of their potential, and that is what “My First Million” is all about. There can be no higher birthday gift for them than helping others create generational wealth.

What to expect during the “My First Million” conference.

They each built successful seven-figure empires, then train others, write books about it, and launch an acclaimed podcast Social proof.

Now they’re imparting that knowledge through the My First Million conference, an event for aspiring and existing entrepreneurs. Shands and Wiggins need to prove that being profitable is feasible and encourage people to bet on themselves.

“David and I, on paper, are not two people who should have made millions of dollars. Number one, we want (people) to see it,” Wiggins says. “Then we want them to actually get out of that room with practical and actionable steps.”

Both are clear: this just isn’t a motivational conference. This is a conference where people, irrespective of where they’re of their journey, will come away with clarity about their business and what they must be doing as CEOs. Shands and Wiggins want individuals who do not have a transparent marketing strategy or are considering starting a business to also attend the meeting.

“A few areas we will cover are inspiration, information, plan and partnership,” adds Shands. “We will give you 1-2-3 steps because some people get depressed and uninspired. Even if they know what to do, they won’t leave, go home and do it. So we have to really put something into their heads and hearts that they come away with.”

Sign up and enroll for My First Million Here. The conference will happen on December 13 this 12 months. but Shands and Wiggins say it definitely won’t be the last for those who miss it.


This article was originally published on : www.blackenterprise.com
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Business and Finance

Operation HOPE on the occasion of the 10th annual world forum

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Operation HOPE Inc. takes over Atlanta for the biggest game in the country dedicated to financial literacy and economic empowerment, Saporta reports.

The HOPE Global Forums (HGF) Annual Meeting 2024 strengthens the crucial link between financial education, innovation and community upliftment in hopes of finding solutions to the problems that stifle challenges around the world.

Organized by Operation HOPE founder John Hope Bryant, together with co-chairs Atlanta Mayor Andre Dickens and U.S. Ambassador Andrew Young, the forums, to be held December Sep 11 at the Signia Hotel, will have fun its 10th anniversary with three days of engagement discussions, observations and forward-looking presentations.

Under the theme “The Future,” Hope Bryant says attendees are looking forward to a “powerful moment in history.”

“Over the past decade, we’ve brought together great minds with daring ideas, servant leaders with voices for change, and other people committed to a brand new vision of the world as we realize it. “‘The Future’ is a clear call to action for leaders to help ensure prosperity in every corner of society,” he said.

The extensive program includes influential and well-known speakers who address business, philanthropy, government and civil society. Confirmed speakers include White House correspondent Francesca Chambers, media specialist Van Jones and BET Media Group president and CEO Scott M. Mills.

“John Hope Bryant and his team have been doing this for ten years, and every year HGF raises the bar,” Young said. “Discussions about the FUTURE are important not only for civil dialogue; they are also essential to bridging the economic divide and solving some of today’s most important problems.”

Atlanta is predicted to welcome greater than 5,200 delegates representing greater than 40 countries.

“I have long said that Atlanta is a group project, and through our partnership with HOPE Global Forums, we are inviting the world to join the conversation,” Dickens mentioned. “From home ownership and entrepreneurship to youth engagement and financial education, HGF will offer bold and innovative ideas to ensure a bright future for all.”

It coincided with the organization’s annual meeting launched one other path to enhance financial knowledge with HOPE scholarships. With three tiers of scholarships – HOPE Lite, HOPE Classic and HOPE Silver – clients could have access to free financial coaching and academic resources.


This article was originally published on : www.blackenterprise.com
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Business and Finance

New Orleans’ black business district is marked by history

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New Orleans, Black Business Disctrict


New Orleans has given a historic monument to a Black business district closed for interstate construction.

The marker was a project fulfilled by in response to the initiative of Plessy and Ferguson. Founded by descendants of men involved within the Plessy v. Ferguson case that legalized segregation within the United States, the organization worked with other community groups to put a marker under the Claiborne Viaduct.

Before the upheaval, Black New Orleanians could find stores owned by other members of their community on Claiborne Avenue. Racial discrimination originally limited the power to buy on the famous Canal Street. Given this, blacks as an alternative flocked to the realm to purchase every little thing from groceries to funeral arrangements.

This mall was home to many Black-owned businesses, and emerging and established entrepreneurs had arrange shop for generations. Consisting of pharmacies, theaters, studios and more, it helped maintain a vibrant black culture in the realm. It reigned because the most important street of Black New Orleans from the 1830s to the Seventies.

The street once featured a picturesque cover of oak trees surrounding bustling businesses. However, its decline began with the expansion of roads within the southern state. The first casualty was the oak trees that were cut all the way down to make way for the development of Interstate 10, and shortly thereafter, the district’s thriving entrepreneurs suffered an identical fate.

Many residents do not forget that they didn’t know in regards to the upcoming investment until the trees began falling. Raynard Sanders, a historian and executive director of the Claiborne Avenue History Project, remembered the “devastation” felt by the community.

“It was devastation for those of us who were here,” Sanders told the news outlet. “I was walking to school and they were cutting down oak trees. We had no warning.”

Despite its eventual decline, the district stays an integral a part of Black New Orleans entrepreneurship. Now the town will physically resemble a historic center where Black business owners could thrive. They celebrated the revealing of the statue in true New Orleans style with a second line that danced down Claiborne Avenue.

“The significance of this sign is to commemorate the businesses, beautiful trees and beautiful people that thrived in this area before the bridge was built, and to save the people who still stand proud and gather under the bridge,” also said Keith Plessy, a descendant of Homer Plessy’ ego.

The growth of local black businesses continues. Patrons and owners alike hope to evoke the spirit of Claiborne’s original entrepreneurs, empowering the community.


This article was originally published on : www.blackenterprise.com
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