Open Innovation, Internet of Things & Patents

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Copyrights, FitBit, Google, Ideapoke, Innovation, Internet Of Things, IoT, IP, Microsoft, OpenInnovation, Patents, Strategy, Technology, Wearables

(This blog was first posted on ideapoke.com)

One of the most exciting changes in the last decade is the rapid change in rate of technology. The world has witnessed Technology come to the forefront and one of course the leader to this pack today undoubtedly is the Internet of Things (IoT). IoT is particularly interesting because of the impact it is having on certain markets such as – Medical, Wearables, Automotive, and Home-Automation. More surprising is the impact on the B2B Industrial markets. As expected, these frontrunners causing disruptions are playing up the trump card early on – Patented IP. IoT developers & companies both need to understand this patent landscape and tread the line carefully.

How the connects are going to matter!

Technology is seen at 3 levels in IoT – Devices, Platforms and Applications.

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Understanding Open Innovation & the Internet of Things

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Business Model, Cloud, Ideapoke, Innovation, Internet Of Things, IoT, Microsoft, OpenInnovation, Platform, Samsung, Strategy, Technology

(This blog was first posted on ideapoke.com)

While most people think “Internet of Things” (IoT) is the ‘latest rage’ and newest member to the technology works, the roots of IoT date back to the last millennium. In fact over 30 years ago, the availability of Coke was checked from the internet! What is the “Internet of Things”? It’s the interconnection of the Internet to products/devices that enable real-time and interactive information sharing. Certainly today’s smartwatches and wearables are significantly more sophisticated in their features, performance and capabilities but they fundamentally do the same thing – interact and communicate data. Yet again, how would companies understand the ecosystem dynamics to truly interconnect devices and increase their value proposition unless they do not share information, cooperate and think of innovative ways to partner cross-industry. Open Innovation would be key to solve this problem.

Getting back to the basics

Internet of Things & Open Innovation

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Business Ecosystem, Google, Ideapoke, Innovation, Internet Of Things, IoT, IP, Microsoft, OpenInnovation, Samsung, Strategy, Technology

(This blog was first posted on ideapoke.com)

We’re seeing a multitude of new possibilities for consumers and industries alike, all enabled by the Internet of Things (IoT). And even as the concept of Open Innovation continues to garner popularity since it’s inception a little over a decade ago, we at Ideapoke, believe the marriage of the two would bring about the revolution of opportunities to the brightest innovators with the companies looking to bring to market game-changing ideas and shape the IoT industry future.

Working together – IoT & Open Innovation

Open Innovation goes beyond being a converse paradigm to traditional innovation, crowdsourcing, or management of internal resources towards innovation.

Semiconductors, Open Innovation & The Internet of Things

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Cloud, Ideapoke, Innovation, Internet Of Things, IoT, Mobile, OpenInnovation, Semiconductors, Strategy, Technology

(This blog was first posted on ideapoke.com)

Leading semiconductor companies are utilizing multiple tactics associated with Open Innovation (OI) to dominate the mobile ecosystem. By moving the focus on growth beyond the confines of their traditional markets, companies such as Intel, Broadcom, Qualcomm and Samsung are successfully implementing platform leadership strategies that incorporate key elements of the OI playbook – combinations of the outside-in, inside-out, and a coupled OI strategy.

The Ripple Effect of 3 Concepts

Source: UCLA Echo Lib

The common use of the five tactics becomes apparent in each instance where semiconductor mobile growth through OI is targeted. These tactics include: