How Open Innovation Cuts Costs and Accelerates Time-to-Market

By • on May 29, 2017

The Digital Journal website reported that open innovation and industry-wide collaboration promise to improve flexibility and agility while decreasing costs and time to market for service providers serving the Asia Pacific. There are two key reasons for the growing popularity of open platforms. First, open strategies are increasingly demonstrating themselves to be a platform that is consistently more innovative by nature than closed systems.  This is because they are able to get more talent to focus on common challenges and opportunities. Secondly, there is always an interest in driving down costs and shortening time to market. With open platforms, it is easier to re-use software on a broader scale allowing companies to create these pre-integrated solutions quickly.

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