Industries Embracing Open Innovation and Co-creation

By • on May 28, 2015

The Consultancy.uk website reported that for companies in engineering intensive industries innovation is key for their competitive position. While nowadays firms still predominantly invest their innovation resources into internal R&D programs, a new study from PA Consulting Group reveals that the long term trend will see organizations transition their investment toward more collaborative innovation, with relative spending in collaboration networks to increase 50% by 2025.

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