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5 OPEN INNOVATION SUCCESS STORIES

For organisations seeking to uncover new and innovative products and services, it’s no longer enough to look inwards. Today, more companies than ever are using open innovation strategies to boost their rate of success. ‘Open innovation’ (OI) is about looking outside one’s organisation to solve challenges, respond to disruptive technologies and increase speed to market. It’s about collaborating with industry experts, budding startups and customers to take advantage of emerging technologies or advance existing products and services. Innovation is industry agnostic and can be achieved by all kinds of organisations.