AI and machine learning are hyped for use in applications as varied as marketing and predictive maintenance of machines. The innovation community has long desired tools to enable greater efficiency and impact and is now considering whether AI can deliver. This whitepaper analyzes tools for parsing innovation data and pulling out insights in an efficient and unbiased way, applied to the front end of innovation. It discusses needs, approaches, uses cases, and best practices to help organizations leverage the tools for maximum impact.
Lux Research is a leading provider of tech-enabled research and advisory services, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux empowers clients to make more informed decisions today to ensure future success.