The Digital Advantage in Open Innovation

By • on January 24, 2022

The YourStory website noted that though frameworks and examples of open innovation have been around for a while, digital technologies are accelerating them like never before. Insights and tips in this regard are well-presented in the book Managing Digital Open Innovation, edited by Pierre-Jean Barlatier and Anne-Laure Mention.Ttoday, many innovation processes are being enabled and transformed by digital technologies such as social media, crowdsourcing platforms, big data, cloud, artificial intelligence , machine learning, internet of things and blockchain. This transformation is happening at the business to consumer and business to business  levels, as well as within enterprises, SMEs, and startups. The editors chart out these impacts in the three phases of innovation: define, design and validate, across inward and outward flows.

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