Question

Why open innovation is claimed to be an innovation model in the era of AI (After Internet)?

(long answer please)

Answer 1

Open Innovation is witnessed to bring with it, various possibilities in the After internet era because of the potential it holds to make innovation widely acceptable. It will become an innovation model for enhancing the implications of innovation in different fields and bringing various new opportunities with it .The nature of Open innovation due to being more participative, accessible and distributed will make the innovation a global norm. This approach to innovation will gain wide acceptable and will be largely followed because of its decentralized nature which will make it a Innovation Model in the era where internet progress will be surpassed.

The concept of "Open Innovation" enables making innovation widely distributed through shared knowledge through overcoming the barriets for a company to pursue innovation in isolation which makes it more costly and highly riskier.

Open innovation makes it easier to connect the disparate activities through an effective architecture thus providing a model which can innovate on itselfitself in the era where information will not be developed or created but put to not extensive use to create new discoveries and inventions. As the model makes use of strategically managed and documented information in collaboration with external parties or agents to bring together the resources and extensive knowledge for integration through which the organization witnesses innovation. Therefore this concept will gain widely recognition in the future also, making it an innovation model to pursue inventions and creativity.

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