"Ideas that transform markets and solve complex societal issues do not come fully formed or fully funded. Ideas percolate through various filters of evolving technologies, business models and mindset changes, often overlapping and feeding each other," says Patrick Halford, Vice President for Key Digital Technologies at Spinverse. Here are some of his insights on open innovation.
The exponential development of technology is driving fundamental change in the world. As the pace of change is continuously increasing, people and companies need to understand the nature of exponential growth.