Âé¶¹´«Ã½

News

How to harness artificial intelligence for business? Researchers join forces with eight international companies

Generative AIs like ChatGPT will revolutionise the business world, but so far no one knows how – new research project explores best practices and seeks solutions to pitfalls
Jukka Luoma
Jukka Luoma. Image: Mikko Raskinen / Aalto University

Generative AI was introduced to the working population less than a year ago with the launch of ChatGPT. From the start, it has been clear that many tasks and processes could be radically changed with its help – made easier, more efficient, even eliminated altogether. In what way exactly, though, is still anyone’s guess.

A new Aalto University research project, ‘Smarter Work with Generative AI’, addresses this question, bringing together researchers of industrial engineering and management as well as companies to support the latter in utilizing generative AI.

‘Even the creators of this technology don't yet know what the best way to use generative AI is. This moment is a bit like the early days of the internet, when few people could imagine what it was all about,’ says co-director of the project, Associate Professor Jukka Luoma.

The research project, funded by Business Finland, involves eight international companies, such as Accenture, Etteplan, Fiskars Group, M-Files, Metso, UPM and Saidot. For the success of the project, it is crucial that the companies represent wide range of sectors from manufacturing to ICT. All of them have identified generative AI as a transformative force in their own sector. Now, researchers are setting out to support the companies in applying the new technology, identifying common challenges and finding solutions, as well as facilitating knowledge exchange and good practices between the companies. The follow-up study will run for three years. 

‘The project will generate information for the wider business community. We are driven by the desire to find out how AI can be harnessed as a positive force in society, both from the perspective of companies and employees,’ says Professor Henri Schildt, co-director of the project.

Henri Schildt
Henri Schildt. Image: Mortti Saarnia / Aalto University

Unique disruption

There is one particular way in which the generative AI revolution is significantly different from most technological disruptions.

‘Usually when new technologies come along, they are hard to understand; ordinary people have no idea of the applications. With this, everyone can imagine for themselves what they can do with it. It's very unusual historically – I've never come across a technology like this before,’ says Luoma.

The research data accumulated so far shows that generative AI has huge potential to increase both organisational productivity and employee satisfaction.

‘But the benefits are not automatic. Many organisations will need to rethink their practices and business models to make smart use of the potential,’ says Schildt.

‘Organisational research on generative AI is in its infancy because of the novelty of the phenomenon. We are at the forefront of international research,’ he continues.

The research project will pay particular attention to the ethical risks of using AI, from the design phase of AI applications onwards.

‘We also aim to monitor the longer-term impact of technology adoption on organisations,’ says Heli Helanummi-Cole, project manager and postdoctoral researcher.

The research is funded by the participating companies and Business Finland. The project's international partners include the University of Cambridge, Imperial College London and VU Amsterdam.

Corporate collaboration

Research collaboration strengthens expertise and future business development. New product and service ideas are created in study projects. Our Âé¶¹´«Ã½ offers an inspiring operating and networking...

Read more
Kaksi naista tekemässä kankaisia rintamerkkejä. Kuva: Marko Oikarinen / Aalto-yliopisto
  • Updated:
  • Published:
Share
URL copied!

Read more news

Grey stone stock exchange building facade with tall windows and flags reading BÖRS and PÖRSSI at the entrance
Press releases, Research & Art Published:

Finland ranks among Europe’s top investing nations, study finds

Nearly half of Finnish households now invest in stocks or mutual funds, according to a new study from Aalto University.
Helenin voimalaitos Vuosaaressa
Studies Published:

Students developed a service blueprint for remote plant advisory services

A multidisciplinary team of master’s degree students from Aalto University collaborated with Sumitomo SHI FW (SFW) in a customized project
Modern red-brick building with tall black pillars, trees in front and people walking on the pavement
Cooperation, Studies Published:

Nordea and Aalto University to explore the future of AI and human-machine interaction

Aalto University and Nordea are launching a long term research and education partnership to explore how machine agency will shape the future of services.
Large white cruise ship named Legend of the Seas docked at an industrial shipyard under a clear blue sky.
Cooperation Published:

Meyer Turku donates EUR 800,000 to Aalto University

With the donation, Aalto will establish a five-year Professor of Practice to accelerate developments in marine technology and secure expertise in the field in Finland.