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How to make IoT in business work for you
The Ericsson website noted that finding a business model that secures your enterprise’s future and enables a competitive advantage requires thinking out of the box. Within the Internet of Things (IoT), the mass deployment of sensors and high-resolution data enables new business models for industries that have been primarily driven by physical products.
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The Relationship Between Open Innovation and Crowdsourcing
The Researchgate website posted an article which noted that there are two important differences between open innovation and crowdsourcing. First, the knowledge inflows/outflows of open innovation often take place between parties with ex ante contracts or other commitments. For example, technology alliances,
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Japan’s Healthcare Innovation
The Gulf News website reported that the top ten Japanese pharmaceutical firms have established open innovation initiatives that extend beyond the typical pharma remit, encompassing new digital health services and medical devices. Similarly, medical device manufacturers like Olympus, Konica Minolta, Terumo
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Tech to Protect Challenge
The City College of New York (CUNY) website reported that The Grove School of Engineering at CUNY is a regional co-sponsor and host of the New York City Tech to Protect Challenge, a national open innovation contest designed to help emergency responders—including EMS, firefighters, and law enforcement—meet
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In Search of Disruptive Ideas
The InsideScienceOnline website noted that the key challenge for data science in open innovation web systems is to find best ideas among thousands of community submissions. To date, this has been done with metrics reflecting enterprise needs or community preferences. This article proposes to look in
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NASA Space App Challenge 2019
The Fossbytes website reported that the NASA Space App Challenge 2019 is an open innovation and incubation program. It’s meant to publicly share data to come up with some unique and meaningful solutions to several problems related to space and on Earth. A NASA spokesperson noted, “We usually see
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How Open Innovation Can Sharpen Competitive Edge
The Economic Times website website reported that business innovation, no longer confined to corporate R&D labs, is increasingly the results of collaborative efforts between business partners that interact, exchange knowledge and information and share standards and infrastructure. This shift towards
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Social Aspects of Open Innovation
The Fierce Electronics website noted that open innovation also has a social aspect, enabled by the internet and new forums for idea sharing. These social aspects include the maker movement, different collaboration forums, new business models such as crowdsourced development and funding, and hardware
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Challenges and Perspectives for Science and Research in the EU
The Baltic Course website reported that one of the main components of the emerging European Open Science is open innovation. The article noted that open innovation focuses on new business models and funding schemes to be developed so that everyone, particularly the industry and citizens, have access
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A Clarion Call To Innovate
The Asian Scientist Magazine noted that ideas are in abundance if you only know where to look. As companies seek to gain a competitive edge in their respective industries, they are becoming more receptive to ideas that originate externally, embracing the spirit of open innovation to drive growth. Broadcasting
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