2017 Annual Meeting - IRI Medalist Address: The Future of Open Innovation

The future of open innovation will be more extensive, more collaborative, and more engaged with a wider variety of participants. It will extend beyond technology to business models, and will embrace both product and services innovation. Just as no man is an island, no firm that restricts itself to the confines of its own R&D lab will be successful in an open innovation world. As one R&D manager observed, “Before open innovation, the lab was our world. With open innovation, the world has now become our lab.”