Big Data is receiving a lot of attention and investment at the moment, with the combination of technology and analytics generating enormous possibility. As Greg Satell rightly points out, businesses that neglect Big Data will be left behind. Data, and smart ways of generation, can potentially identify new patterns as well as test new hypotheses and simulations. So
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A lot has happened in Open Innovation since Henry Chesbrough coined the term in his 2003 book. The term appears to be well understood, many companies have implemented it and a lot has been published. And yet…….
As I’ve written before, the portfolio is the pivotal tool for innovation. It provides the link to corporate strategy; ensures the desired balance across different innovation horizons; enables and communicates priorities; and with the appropriate communication it reports progress towards innovation goals. It is this final point that I would now like to explore.