Technological Entrepreneurship and Artificial Intelligence.
Technological Entrepreneurship and Artificial Intelligence. By Miki Okilo More often than not, the greatest start up ideas do not make it to the commercialization stage and very few start ups are actually successful enough to lead industries. Now this is a rather strange problem considering the fact that technological gaps around the world are closing as a result of globalization and easier access to resources. A recent study showed that the greatest innovations are technologies that went beyond laboratory inventions to products that actually solved a need and were a right fit for the market. This has informed most entrepreneurs on the need to pay as much attention to market needs as they pay to their inventions. Market research and functional analysis of products could be more accurately carried out when Artificial Intelligence is applied. A strong area of application is in the process and management of large unstructured customer datasets. In the past when there was little or no progress in this field, market research for product fit could take up months or even years to complete. It often led to misleading assumptions about the market that turned out to be counterproductive. Currently, AI offers an opportunity to