Can Artificial Intelligence Accelerate and Improve New Product Development

Title

Can Artificial Intelligence Accelerate and Improve New Product Development

Creator

Basha M.S.A.; Raju R.P.K.; Tuteja S.; Maheshwari A.

Description

Today, AI have successfully set up a good foundation in a broad scope of business processes. Associations including AI for product headway processes have uncovered more huge yields on hypotheses, better viability in their cycles, and effective utilization of resources. A sensible headway framework is paramount for capable product development, especially for complex endeavours. AI thinking is in like manner improving new product development. AI is probably going to experience clients in numerous areas. New yield evolution as in collaboration utilizes its capital and capacities to make another item or work on a current one. Product development is viewed as one among the fundamental cycles for progress, endurance, and recharging of associations, especially for firms in, by the same token, quick-moving or cutthroat business sectors. AI assists people's lives by expanding connections creating and multiplying items that can work with individuals' daily exercises in quite a large number of areas. Consequently, the impact of involving Artificial Intelligence for new developments is to induce things simpler. This paper attempts to outline the acceleration of new product development with the help of artificial intelligence technology. This study addressed the tailored AI in product improvement and product development transformation. Lastly, this article points out how AI accelerates product development and future outlook. 2023 American Institute of Physics Inc.. All rights reserved.

Source

AIP Conference Proceedings, Vol-2821, No. 1

Date

2023-01-01

Publisher

American Institute of Physics Inc.

Subject

Artificial Intelligence; Business process; Marketing; New Product Development

Coverage

Basha M.S.A., GITAM School of Business, GandhiInstitute of Technology and Management (Deemed to be University), Karnataka, Bengaluru, 561203, India; Raju R.P.K., GITAM School of Business, GandhiInstitute of Technology and Management (Deemed to be University), Karnataka, Bengaluru, 561203, India; Tuteja S., Indira Institute of Management, Maharashtra, Pune, 411033, India; Maheshwari A., Department of Professional Studies, CHRIST (Deemedto be University), Karnataka, Bengaluru, 560029, India

Rights

Restricted Access

Relation

ISSN: 0094243X; ISBN: 978-073544735-6

Format

Online

Language

English

Type

Conference paper

Identifier

https://doi.org/10.1063/5.0158418

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