Here are three criteria we can use to help evaluate the innovative potential of AI companies, products and services so we can best assess their potential impact.
Artificial intelligence is undoubtedly having a moment. Prompted by a flurry of product releases that seemed to gain instant popularity—was briefly the fastest app to gain 100 million daily active users—leading technology companies, scrappy startups, forward-thinking entrepreneurs and, of course, investors are rushing to build the next big thing powered by AI.
That’s why we need to define innovation for the age of AI, creating a rubric for determining the difference between a great idea and a truly ground-breaking product. Here are three criteria we can use to help evaluate the innovative potential of AI companies, products and services so we can best assess their efficacy and potential impact moving forward.
Real-world use cases don’t inherently make a product or service innovative, but it’s a necessary first step to disruptive potential.However, understanding a product or service’s potential requires a protracted analysis to see if it actually lasts the test of time. For example,reported that ChatGPT lost users for the first time in June 2023 as web and mobile traffic fell nearly 10% month-to-month.
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