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Open and Closed Innovation: what are the differences?

mjvinnovation

When we think of Open Innovation, it is tempting to associate it with the opposite of Closed Innovation, the traditional one, generated by our own efforts in organizations, without the aid of external entities and agents. What is Open Innovation? Do not follow this path. Check out below.

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Projects Are How Innovation Happens

Gregg Fraley

Prototyping is not innovation. Crowd sourcing or Open innovation are not innovation. TQM and Six Sigma are not innovation. Defining an innovation process is not innovation. Training is not innovation. Measuring your organizational culture is not innovation. Big Data is not innovation.

Project 50
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What do most innovative companies have in common?

hackerearth

As an extension to making innovation a part of their culture and processes, innovative companies also organize themselves in ways that support open innovation. They promote innovation leadership. Most often, leaders don’t need to be innovators. They are tech-savvy.

Company 77
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Open Banking: what it is, how it works and why invest ASAP

mjvinnovation

The strength of this wave lies in the use of emerging technologies such as Big Data and Artificial Intelligence to optimize the consumer experience and fill gaps in the financial system. Also the big techs, tech giants, are eyeing the financial industry and dare threaten the banks’ hegemony. What is Open Banking.

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4 Ways to Amplify Digital Innovation in 2018

Gregg Fraley

Why is this challenge so different from previous innovation challenges? AI, Analytics, IoT, Big Data, Cloud, Mobile, Social Media, Sensors, Robotics, Augmented Reality, Voice Recognition… and the list goes on. Has there ever been a moment in time when so many new technologies are washing over us all at once?

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Navigating Innovation Options

Strategos

They speak about it in public as key to meeting their customers’ needs for new products and services and assert that innovation that keeps ideas flowing from inception to commercialization is key to building a sustainable business. Big Data is high on everybody’s radar and used as input to identify opportunities.

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Fostering Innovation with Technological Solutions – Part 1

Wazoku

The follow up to this thought piece will dive into the growing market of innovation management solutions and who to watch out for. It is certainly possible to use one of the growing dedicated Innovation Management software solutions in an Open Innovation or Crowdsourcing approach to drive engagement.