Module Synopsis:
AI-Driven Business Innovations is a capstone academic module that brings together innovation management theory with cutting-edge AI applications, showing students how AI can be a catalyst for new business models, products, and operational efficiencies. On the theory side, students will learn how businesses innovate and adapt – covering topics like the innovation lifecycle, disruptive innovation (e.g. how new technologies can upend industries), design thinking for product development, and the challenges of managing innovation within organizations. On the practical side, the module surveys state-of-the-art AI technologies and their business applications: from machine learning and data analytics to robotics, generative AI, and beyond. Students examine case studies of companies transforming their operations with AI (in marketing, finance, supply chain, etc.) and get hands-on exposure to AI tools. By blending innovation theory with real AI use cases, this module equips learners to lead digital transformation and innovation initiatives. They will understand not just how to implement AI solutions, but how to align them with business strategy and manage change (drawing on Module 1) to ensure these innovations deliver value. This forward-looking module reinforces the reality that AI is now central to business innovation – with over 80% of businesses embracing AI as a core technology ventionteams.com – and prepares students for the continuously evolving future of work.
Programme Objectives: Upon completion of this module, students will be able to:
- Understand and explain key innovation theories and models (e.g. disruptive innovation, diffusion of innovation, open innovation) and how they relate to technological change in business.
- Analyze emerging AI trends and technologies, evaluating their potential impact on various industries and functional areas of business (marketing, finance, operations, etc.).
- Develop a strategic plan for adopting or implementing an AI-driven innovation in a business scenario – including identifying a suitable AI solution, building a business case (ROI, competitive advantage), and outlining steps for implementation.
- Demonstrate proficiency with several AI tools/platforms through practical exercises or projects, and illustrate how these tools can be integrated into business processes to drive improvements or create new opportunities.
- Address management considerations for AI innovation: including cross-functional collaboration (business teams with data scientists/IT), change management for AI adoption, scalability and integration with existing systems, and ethical and compliance considerations for new technology.
- Cultivate a mindset of continuous learning and adaptability, recognizing that future career success will require staying current with technological innovations and guiding organizations through ongoing digital transformation.
Course Topics:
- Innovation Management
Learning Outcome: Concepts of incremental vs radical innovation; the technology adoption lifecycle (early adopters to laggards); fostering an innovative culture within firms; strategies for research and development (R&D) and collaborating on innovation (partnerships, startups, open innovation platforms).
- Disruptive Technologies
Learning Outcome: Study of how certain innovations (past and present) disrupted markets – e.g. the Internet, smartphones, and now AI. Frameworks by Clayton Christensen on disruptive innovation and how incumbents can respond. Current disruptive trends: artificial intelligence, blockchain, Internet of Things (IoT), etc., and scenario planning for their future impact.
- Overview of AI Technologies
Learning Outcome: A manager-friendly overview of AI and data science concepts – machine learning, deep learning, neural networks, data mining, natural language processing, computer vision, robotics – focusing on what they do and business examples rather than deep technical detail. This builds a vocabulary and understanding to evaluate AI opportunities.
- AI in Key Business Function
Learning Outcome:Exploration of how AI is applied in different domains:
- Marketing & Sales: Personalized recommendations (like those used by Amazon/Netflix), customer segmentation with AI, chatbots for customer service, and AI-driven digital marketing (ad targeting, content creation).
- Finance & Accounting: AI for financial forecasting, algorithmic trading, fraud detection, automated auditing, and fintech innovations (e.g. robo-advisors).
- Operations & Supply Chain: Robotics and automation in manufacturing, predictive maintenance (AI anticipating machine breakdowns), inventory optimization with AI, logistics routing, and demand forecasting.
- Human Resources: AI recruitment tools, talent analytics, AI-driven training (adaptive learning platforms), workforce planning.
- Strategy and Customer Experience: how AI informs high-level strategy (big data analytics on customer behavior, market trends) and enables new customer experiences (like AI in product design, virtual assistants, AR/VR in retail).
- Implementing AI – from Idea to Execution
Learning Outcome: Steps for introducing AI solutions in an organization – identifying problems that AI can solve, selecting appropriate AI tools/vendors, pilot testing, scaling up, and measuring outcomes. Emphasis on interdisciplinary teamwork (business domain experts working with data scientists or IT). Tying back to change management (ensuring user adoption) and to business law/ethics (compliance with regulations, ensuring data privacy and security).
- Data Strategy and AI
Learning Outcome: Understanding the importance of data infrastructure for AI – data collection, data quality, data governance. Introduction to big data platforms (like data warehouses, cloud AI services) that support AI initiatives.
- Future Trends and Career Relevance
Learning Outcome: A look at upcoming developments in AI (e.g. advancements in generative AI beyond ChatGPT, AI and climate tech, quantum computing’s potential impact on AI) and discussion on how roles in business are evolving. Reiterating the importance of continuous learning – successful managers will be those who can work alongside AI and guide its use (as echoed by experts: employees will be replaced not by AI, but by those who know how to use AI effectively. Students identify areas for their own further development to stay ahead.
Registered Title:AI-Driven Business Innovations
SSG Approved Training & Assessments Hours: 47:00
👤 Training Hours: 32:00
🖥️ e-Learning Hours: 04:00
📝 Assignment Hours: 10:00
📅 Assessment Hours: 01:00