Artificial intelligence and innovation management: A review and research agenda of a realistic appraisal

Artificial Intelligence (AI) reshapes companies and how innovation management is organized. Consistent with rapid technological development and the replacement of human organization, AI may indeed compel management to rethink a company’s entire innovation process. In response, we explore the implications for future innovation management. Using ideas from the Carnegie School and the Behavioral Theory of the Firm, we review the implications for innovation management of AI technologies and machine learning-based AI systems. We outline a framework showing the extent to which AI can replace humans and explaining what is important to consider in making the transformation to the digital organization of innovation. We also explore directions for future research.