Open Data for Open Innovation

By • on December 5, 2018

The Wiley Online Library website posted a study which contributes to open innovation research by analyzing the main capabilities needed to overcome existing barriers to successfully manage Open Data (OD) in SMEs. The study analyzed the data collected from 30 semi‐structured interviews with experts working in UK organisations adopting OD‐based Open Innovation strategies. It found a number of core factors that shape OD acquisition, assimilation, transformation and exploitation by SMEs. Results show that without the specific OD capabilities identified in the study, it will be difficult for SMEs to successfully use OD, which may explain why the uptake of OD by SMEs more broadly has so far been limited. These unique OD capabilities need to be better developed by OD using SMEs, if this ‘raw material’ for the digital economy is to be fully exploited.

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