IoT Development Joins Open Innovation Craze
The DigiTimes website reported that the Internet of Things (IoT) involves the integration of various technologies and domain knowledge across industries. Without cross-industry collaboration, the development of IoT applications will be limited in its scope and reach. Breaking through the limitations and stalled situation requires an open collaborative approach whereby people together could innovate through the power of open innovation. A major prerequisite for applying open innovation in practice is to build a cloud-based open community environment in which participants with different expertise and vertical industry knowledge can share resources and leverage the different development tools from each other.
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