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Open Innovation: Driving the Growth of Smart Cities

Open Innovation: Driving the Growth of Smart Cities

By • on December 19, 2014

The IdeaPoke website noted that open and collaborative innovation has emerged as the key driving factor behind the growth of smart cities. As many cities and municipal corporations have found out, a top down, central planning approach to public governance has its limitations. In addition, the increasingly complex landscape of technologies, data, applications

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Innovative Solutions for Civic Issues

Innovative Solutions for Civic Issues

By • on December 18, 2014

The IdeaPoke website reported that in view of the challenges created by growing urbanization, dense population concentrations and limited budgets, many local governments are turning to innovative methods to find solutions to civic issues. Taking a cue from how many large corporations have used crowdsourcing

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Finding Innovative Ideas in Unexpected Places

Finding Innovative Ideas in Unexpected Places

By • on December 16, 2014

The Forbes website reports that Zynga, whose firm counts Xerox, Pfizer, Kraft, Siemens, and many other heavy hitters among its clients, says any company can make profitable use of ideas from other, seemingly unrelated fields. The first step in what’s commonly called open innovation, he says, is to

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4 Key Reasons Why Organizations Use Open Innovation

4 Key Reasons Why Organizations Use Open Innovation

By • on December 14, 2014

The Ideapoke website noted that 2003, Henry Chesbrough predicted the key drivers of Open Innovation to be the socio-economic changes in the workforce, globalization, new technologies and the emergence of market institutions which enable trade in ideas. However in interviews at companies that have an

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How to Boost Innovation in Cities

How to Boost Innovation in Cities

By • on December 13, 2014

The World Economic Forum website noted that a variety of collaboration spaces are spreading across urban innovation ecosystems. Collaboration spaces create and — in some cases — manage and sustain the communities that make the ecosystem exist and grow. Co-working spaces offer interaction with other

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SME`s Growth and Open Innovation

SME`s Growth and Open Innovation

By • on December 12, 2014

The JYX website noted that the innovation process is changing from closed to open innovation processes which can enable co-innovation and collaboration in enhancement of business performance as well as job creation. However, some SMEs especially the family business still focuse on the closed innovation

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Big Data Challenges Can Be Solved Through Open Innovation

Big Data Challenges Can Be Solved Through Open Innovation

By • on December 10, 2014

The Database Trends and Applications website reported that The U.S. Department of Energy has awarded IBM contracts valued at $325 million to develop and deliver advanced “data-centric” supercomputing systems. “We believe the big data challenges can only be solved through open innovation,”

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NASA Open Innovation Services

NASA Open Innovation Services

By • on December 9, 2014

The SpaceRef website reported that NASA plans to issue a Request for Proposal for NASA Open Innovation Services (NOIS). The requirements under this contract include plans to procure commercial crowdsourcing support and open innovation platforms which provide the capability to publicly post challenges

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OI: the business world’s modus operandi?

OI: the business world’s modus operandi?

By • on December 4, 2014

An article in the Times of London noted that asking customers to collaborate via open-source projects — those in which people outside the company directly help shape products and services — could one day eclipse traditional focus groups. Open innovation, a term coined by American Henry Chesbrough,

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3 Finalists Announced in Open Innovation Challenge

3 Finalists Announced in Open Innovation Challenge

By • on December 4, 2014

The HITconsultant website reported that the American Heart Association has announced the top three finalists for the inaugural Chicago Open Innovation Challenge focused on discussing innovative ways to accelerate science and to better understand how to treat heart disease and stroke. Finalists were

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