IOTA Launches Data Marketplace Open Innovation Initiative
The RTinsights website reported that the IOTA Foundation, an open-source non-profit foundation from Germany, has announced the launch of the first publicly accessible data marketplace for the Internet of Things. The new marketplace is powered by a distributed ledger and IOTA says it will be one of the largest open innovation initiatives centered around
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How to Find New Ideas Inside and Outside the Company
The Harvard Business Review website reported on a new study which noted that many companies are encouraging employees to scout for new ideas among external partners, such as universities, research institutes, competitors, and customers. Much research suggests that exposing employees to a broad range
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Open Innovation: Solutions for R & D Pipelines
The Accenture website noted that many companies are embracing the concept of open innovation, but few are doing so in strategic ways. Our research found that when large corporations work with external parties to augment their internal R&D, they use four basic modes of open innovation: a traditional
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Kraft Doubles Down on Open Innovation
The website Brightidea notes that since Henry Chesbrough coined the term in 2003, open innovation has been providing a framework for companies to tap a vast network of customers, experts, and other organizations. Companies such as Kraft, P&G, General Electric (GE), and Bosch have been using