As data flows ever more quickly between research and development, innovation cycles are becoming shorter. In this context, an unhindered exchange of information regarding trends and new technologies is becoming ever more important. Many companies have therefore turned to open innovation (OI) as a means of bringing together knowledge from different departments – and even from outside the organization. Open innovation is an established method at Siemens. Online knowledge exchange platforms link the company’s research and development community worldwide.
One example of this kind of networking is the online communities known as crowds, which often include several thousand experts. Here, employees can discuss problems, identify the best ideas, and develop them to market maturity.