However positive and confident you and your company may be about developing your open innovation initiative, these benefits won’t just follow automatically.
Everyone understands the value and promise of open innovation in the business world – from brand awareness and customer engagement through to the search for fresh answers. But, truth be told, most programmes are failing to deliver results because their dynamics are too complex and the processes used are proving inefficient. A lack of relevance is also strongly affecting returns.
“Desafio Mar” is an initiative launched by Portugal Telecom, which uses Exago’s open innovation solution to create and evaluate innovation solutions and foster entrepreneurship in the field of Sea Economics.
Altice Portugal recently started “The Talent”, an open project which uses an Exago’s solution to focus on new talent spotting. This project gives Exago’s software a new vision of open innovation and crowdsourcing, two determinants of long term value creation.