Speeding Innovation in the Smart Tech World
An article on EBN website noted that to maintain and accelerate the speed of innovation, the electronics industry needs to move from a system of closed innovation to one of open innovation. Companies can go deeper with product innovations if they have building blocks in key areas: sensors and actuators, human machine interface, connectivity, semiconductors, smart software, flexible technologies, and battery and power. These seven areas are all interrupters of innovation. By creating an ecosystem and building blocks, a company can hope to provide better time to market by creating a foundation that products can be built on.
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