Are you going all digital on me?

As the trend towards digital innovation continues to grow, many managers and organizations are struggling to keep up. The rise of big data, analytics, smart mobility, and social media are all changing the way we think about innovation, and the value of the network is in proportion to the number of members squared. The battle for control over digital innovation lies in the power of digital understanding, and managers must decide whether to embrace open or closed digital innovation. Although closed innovation allows for a clear network of like-minded and determined organizations to work on their purpose-built platform to specifically deliver value propositions, open digital innovation encourages grassroots ideas, social innovation to resolve growing problems, entrepreneurship, or nimble and savvy businesses to pull even more ahead in exploiting.