AI for Innovation: LIV.INNO hosts virtual conference to catalyse adoption of AI - Register now!
Increased innovation has been the greatest benefit reported by early adopters of artificial intelligence (AI), cutting development times by half. And yet, despite the significant rewards, recent research has revealed 75% of firms haven’t adopted a single AI application and are at risk of losing their competitive advantage*. LIV.INNO is hosting a virtual conference to support the adoption of AI for Innovation.
“Firms are delaying the adoption of AI for various reasons, but it is often because they don’t know where to start, they lack the knowledge and skills inhouse, or they are concerned about the investment of time and money,” comments Professor Carsten P Welsch, Director of the Liverpool Centre for Doctoral Training for Innovation in Data Intensive Science (LIV.INNO).
“AI has a transformative role in innovation management – from providing customer insights and accelerating product design, through to improving prediction of sales performance and go/no go investment decisions. The rate of change is so intense that organisations not actively exploring the potential of AI for new product and service development are going to be severely disadvantaged. This is why our virtual conference ‘AI for Innovation’ is so timely. It aims to provide an overview of the current landscape and future direction of AI, to create a roadmap for adoption, and share learning points from early industry adopters.”
Speakers at the conference will include Patrick Gormley, Global Data Science and AI Consult Lead at Kyndryl; Andy Walker, Head of Deep Tech Commercial Strategy at TTP; and Robert G Cooper, Professor Emeritus at McMaster University, an industry thought-leader in the field of AI for new product development. Industry case-studies will also be presented and discussed.
Some of the projects are from LIV.INNO, where PhD students have provided specialist skills in prediction, risk analysis, visualisation, and modelling of scenarios.
Liverpool was at the heart of the first industrial revolution and the city is committed to taking a lead in Industry 5.0. This emerging phase of industrialisation will see advanced technologies harnessed to provide prosperity within a sustainable economy that respects the wellbeing of people and the planet.
This pragmatic event, hosted by LIV.INNO, follows a successful AI Summit held in Liverpool in November 2024. The Government has since announced its AI Action Plan to drive adoption of 5.0 technologies, and that Kyndryl – the world’s largest IT infrastructure services provider – will be establishing a new technology hub in the Liverpool City Region, creating one thousand jobs over the next three years.
‘AI for Innovation’ is a virtual conference taking place at 11am GMT on 7th May 2025 – see more information here.