Innovation Automation by AI as an Engine for Value Creation
Authors: Houhala Keijo , Salminen Vesa 
Published: June 2024

Artificial intelligence and innovation have shaped the business landscape and brought new opportunities and challenges. Artificial intelligence, AI, provides the computing power needed to analyze and predict a huge amount of data, enabling the identification and creation of new ideas. At the same time, AI can be used to improve business efficiency through automation and intelligent systems, freeing up human capital for more strategic tasks. In this article, we will focus on examining the potential of AI from the perspective of innovation, operational efficiency, and utilization of human capital.Intersections of Artificial Intelligence and InnovationThis article delves into the role of artificial intelligence in innovations and its connection to streamlining operations and optimizing the utilization of human capital. We journey towards the possibilities in the space of knowledge that opens new doors for creating innovations.Artificial Intelligence and the Innovation ProcessWe explore the role of artificial intelligence in the innovation process, examining its potential to generate and identify new ideas and enhance innovation activities. This article answers for research questions: •How to create continuous value by utilizing artificial intelligence as an engine for innovation automation•How to intersect human capital with artificial intelligence in innovation automationResearch ApproachThe collection of data and research approach has been partially constructive, conceptual and analytical, because it introduces a pathway to innovation automation by utilizing AI as an engine for new value creation. It introduces experiences and results of several development activities and thesis works on the Heinola City environment. The Role of Artificial Intelligence in Business OptimizationWe scrutinize how artificial intelligence enhances business efficiency through automation and intelligent systems. Liberating human capital for more strategic tasks is a central theme in this section.Synergy Between Human Capital and Artificial IntelligenceWe emphasize the possibilities and efficient role allocation for collaboration between human capital and artificial intelligence. Clear responsibilities among different stakeholders add value.A Perspective from the Public SectorWe consider the unique perspective of the public sector and contemplate the challenges and opportunities of using artificial intelligence in this sector. Key considerations include cybersecurity and ethical issues.Requirements for Artificial Intelligence and Future ProspectsIn the final section, we ponder the technical and organizational requirements for artificial intelligence and its future potential in innovations. Well-planned and appropriately assigned artificial intelligence can be the key to sustainable and efficient value creation.ConclusionsWe summarize the main messages of the article and present conclusions on the shared future of artificial intelligence and innovation. Artificial intelligence can act as a significant engine for value creation, provided its use is strategically integrated, and human capital remains at the center.