Open innovation: advantages of open innovation for companies
The constant search for innovation has transformed the market in recent years and is promoting collaboration between companies through open innovation. Open innovation – the translation of the term into Portuguese – is an approach that consists of collaboration between different organizations to create, develop or optimize products and technologies.
According to data from the report “ The Power of Open Minds – How lithuania mobile database Innovation Delivers Benefits for Everyone ”, 75% of organizations state that open innovation is essential to face the challenges in the current business scenario. Furthermore, 71% of companies plan to increase investments in the area over the next two years. The figures are from the Capgemini Research Institute .
Understand, in this article, what open innovation is, how this approach works and what benefits it can bring to your company!