Inside the Strategy Room

187. Driving innovation with generative AI

Dec 8, 2023

Join Laura LaBerge and Matt Banholzer as they discuss driving innovation with generative AI. They explore the definition of innovation and its various forms, the role of generative AI in accelerating product launches and R&D, and how companies are leveraging it to streamline processes and improve efficiency. They also tackle the impact of regulations on generative AI, the challenges organizations face when investing in technology, and strategies to overcome them. Don't miss their insights on fostering innovation in businesses!

42:51

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Episode guests

Matt Banholzer

Laura LaBerge

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Quick takeaways

Innovation is crucial for companies to grow and thrive, and a strong innovation culture is key to unlocking the potential of Gen AI.

Gen AI can drive and support innovation by providing new solutions, enhancing customer experiences, and accelerating R&D processes.

Deep dives

The importance of innovation and growth in the new world

Innovation is crucial for companies to grow and thrive in the ever-changing world. The leading companies focus on innovating within their core offerings, exploring different parts of the value chain, and even building new businesses entirely. Finding new sources of growth is important, especially in an era of uncertainty. It is essential for companies to have a strong innovation culture that promotes best-in-class speed and drives outperformance.

The Importance of Innovation and Innovation Culture

01:45

Learnings for Companies Experimenting with Gennai

00:55

The Importance of Tech Savviness and Agility in Innovative Organizations

01:57

Introduction

3min

Definition of Innovation and Its Forms

5min

Accelerating Innovation with Generative AI

10min

Impact of Regulations on Generative AI

15min

Identifying and Overcoming Technology Challenges

8min

Conclusion and Promotions

2min

Generative AI has been the hottest technology and business topic of 2023. Everyone knows that gen AI could be important, but how do you use it to create innovation that will genuinely advance your business?

Joining us to address that question are Laura LaBerge and Matt Banholzer.

Laura is the Global Director of our Growth Strategy and Innovation practice based in our Stamford, Connecticut office. She works with clients on digitally driven innovations, strategies, and transformations. You can contact Laura on LinkedIn here.

Matt is a partner in our Chicago office who co-leads the Growth Strategy and Innovation Practice. Matt serves organizations on innovation strategy across a range of sectors, including energy, basic materials, and agriculture. You can contact Matt here.

Related Insights

I'd like you to please read about the research this conversation was based on in the McKinsey.com article: Companies with innovative cultures have a big edge with generative AI.

Innovation: Your solution for weathering uncertainty

The Committed Innovator

The eight essentials of innovation

Taking fear out of innovation (podcast)

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