Open Innovation Software - Buzzword or Real Added Value? - aumentoo

Open Innovation is gaining popularity due to shortening product life cycles and the ever-advancing digitalization. The approach refers to opening up the innovation process to external knowledge to increase innovation potential. The opportunities of open innovation outweigh the risks, such as unintentional outflow of company knowledge, thanks to increased efficiency and competitive advantage gained through information-sharing. The use of suitable Innovation Management software helps companies to manage the complex innovation process, increase transparency, and establish a sense of innovation in the company.