People Open Innovation

By Massimo Magni – Associate professor in the Department of Management and Technology at Bocconi University, and professor of leadership and managerial development at SDA Bocconi School of Management and Likoebe Maruping – Associate professor in the Department of Computer Information Systems in the J. Mack Robinson College of Business at Georgia State University

Digital collaboration platforms provide innovation opportunities for diverse and distributed teams.

In business, difficult problems mean companies need diverse expertise to innovate and problem solve. Take the biomedical engineering company EpiBone. Facing complex problems such as bone reconstruction and implantation, the company relies on knowledge from a diverse disciplinary team of scientists, engineers, clinicians, and entrepreneurs. CEO Nina Tandon describes how this diverse collaboration has put the company at the frontier of bone reconstruction: “We take two things from the patient: a tridimensional X-ray, and a sample of fat tissue so that we can extract stem cells out of it. We use these stem cells to fabricate a living bone on the basis of the data coming from the X-ray. After three weeks, we have a bone ready for implantation.”

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by Enrico Moretti – Professor of economics at the University of California, Berkeley

Amazon might have been the center of a new tech ecosystem in Queens. Here’s what the city can do next.

Amazon’s decision on Feb. 14 to cancel its plans in New York City was actually the second time that New York missed its chance to host Amazon headquarters. The first time was in 1994, and what happened then informs what might happen next.

It was the beginning of the internet era, and a 30-year-old Jeff Bezos was living in Manhattan, working for the hedge fund D.E. Shaw on Wall Street. He had big plans for his new company, an online book retailer, but he wasn’t sure where to locate it. One thing was clear: New York City’s high-tech ecosystem — the engineers and programmers, the venture capitalists, the intellectual property lawyers, the vendors and service providers that specialized in this specific part of the industry — was too small and undeveloped for an internet start-up to thrive.

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byJochen Bessemans – DigitalHRtech.com

The need for innovation in Human Resources is real. By Human Resources, I don’t just mean the HR department, but everything that has to do with the interaction between organizations and their people.

When we think of innovation, we immediately assume this is about bringing in technology, certainly in this age of digital, Artificial Intelligence and robots. Time for a reality check, because this is the one thing innovation in Human Resources nowadays shouldn’t be focused on.

Two examples.

Imagine a company of over 7,000 people. The company’s management has just signed a deal with an internal communications platform. The goal? Reaching out to and engaging their dispersed, mostly blue-collar workforce. 

Truth to be said, technology does sound like an appropriate solution here, doesn’t it?

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From the European Community

Open Innovation gives business get scalable solutions and faster and richer innovation cycles. It gives citizens get personalised, optimised and affordable solutions. It gives the services providers new approaches in their service provisions, making the service creation and personalisation more affordable for them.

Stimulating the creation of more open functional platforms is essential in order to accelerate innovation. For Open Innovation to be implemented in practice, crowd-sourcing or Open Functional Platforms are needed where all actors, including end-users, can interact and new ideas can be captured in a costless and more effective way.

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China broke into the world’s top 20 most-innovative economies asSwitzerland retained its number-one spot in the Global Innovation Index (GII) ranking published annually by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO). Rounding out the GII 2018 top ten: The Netherlands, Sweden, the United Kingdom, Singapore, United States of America, Finland, Denmark, Germany and Ireland.

Now in its 11th edition, the GII is a detailed quantitative tool that helps global decision makers betterunderstand how to stimulate the innovative activity that drives ecomomic and human development. The GII ranks 126 economies based on 80 indicators, ranging from intellectual property filing rates to mobile-application creation, education spending and scientific and technical publications.

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