This is a driving principle for companies of all sizes as they plan for digital transformation. Open innovation can play an important role in accelerating digital transformation for existing businesses of all sizes across all industries.
Hackathons on open innovation platforms have become popular lately. Several Fortune 500 companies are leveraging developer communities to build solutions and improve existing processes. Businesses are using the principles of hackathons to break through organisational inertia by offering short intense bursts of creativity and problem-solving in a high energy atmosphere. In a hackathon environment, innovation can be accelerated with excellent results.
