Making Open Innovation a Success
The Tech World website noted that while the term “Open Innovation” has been evangelized since first being coined in 2003 by Henry Chesbrough, it’s particularly relevant today. The increase in computing power, access to cloud infrastructure, open sourced code and platforms, coupled with other technology advancements have reduced the barriers to entry for new companies in many industries. These new and agile startups are competing with established enterprises, forcing large organizations to rethink their business models.
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