Open Innovation is at home in the areas of digital transformation, industry and Industry 4.0, and artificial intelligence. The term describes an approach in which companies no longer rely solely on their own ideas and developments, but actively incorporate knowledge and solutions from outside. The goal: to enable innovation faster, more efficiently, and often more cheaply.
Instead of secrecy, Open Innovation focuses on open exchange between companies, start-ups, external experts, or even the public. For example, companies from Industry 4.0 can work together with technology start-ups on new solutions for production processes. They harness combined expertise by jointly researching, sharing data, or holding competitions for specific challenges.
A vivid example: a car manufacturer launches a challenge in the field of environmentally friendly drive technologies. Engineers, researchers, and creative tinkerers from all over the world can submit solution proposals. The best ideas are funded and implemented by the company. This often leads to groundbreaking innovations that a single company might not have developed on its own.
Open innovation therefore promotes creative exchange and accelerates technical developments in an increasingly interconnected world.
Deutsch 
English (UK)