Report: 95% of Organizations are Now Practicing Open Innovation
The Venture Beat website reported that open innovation — a democratized approach to innovation where collaboration among internal and external resources replaces conventional closed R&D silos — is fast becoming ubiquitous. An impressive 95% of organizations now report leveraging open innovation practices, with 54% doing so on “most” or “all”
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The Changing Landscape of Retail Banking and the Future of Digital Banking
The Springer website reported a study which noted that banking is shifting significantly from a pipeline, i.e., vertical paradigm, to open banking where open innovation, modularity, and ecosystem-based banking business models become the new paradigm to follow and exploit. Through open innovation, banks
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A Study of Specific Open Innovation Issues from Perspectives of Open Source and Resources
The MPDI website posted a study which noted that it is difficult for enterprises to adapt to the rapidly developing market demand and increasingly intense competition by relying only on internal resources to carry out innovation activities. We identify three new issues for the Cross-Functional Consortium
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