{"id":544,"date":"2014-07-27T00:00:00","date_gmt":"2014-07-27T00:00:00","guid":{"rendered":"https:\/\/gac.idexlab.com\/blog\/open-innovation-benefits-99\/"},"modified":"2025-04-08T09:31:48","modified_gmt":"2025-04-08T09:31:48","slug":"open-innovation-benefits-99","status":"publish","type":"post","link":"https:\/\/gac.idexlab.com\/?p=544","title":{"rendered":"Open innovation: they are the 99%!"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Open Innovation is about exactly this: allow you to benefit from the other 99% of knowledge<\/h2>\n\n\n\n<p>I only wanted to share this simple infographics inspired by a <a rel=\"noreferrer noopener\" href=\"http:\/\/www.creax.com\/2014\/07\/slideshare-open-innovation-two-things-remember\/\" target=\"_blank\">presentation by Creax<\/a> . Their presentation includes nice representations of the <a href=\"http:\/\/gac.idexlab.com\/results-open-innovation\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Open Innovation benefits (opens in a new tab)\">Open Innovation benefits<\/a>, recommended.<\/p>\n\n\n\n<p>This one simply tries to represent what an innovative company, no matter how big it is, may represent in the world&#8217;s global knowledge.<\/p>\n\n\n\n<p>At best 1% of their own domain, or a drop of water. The company&#8217;s knowledge is mainly represented by its human resources (not in the HR sense but in the sense of all the company&#8217;s employees) and the data generated.<\/p>\n\n\n\n<p>Of course, it is unusual for a company to be alone in a market. Competitors also have their own knowledge. By adding all this knowledge together we obtain the knowledge of an entire industry.<\/p>\n\n\n\n<p>Except that this industry is restricted to the companies that made it up. This knowledge is part of an even broader knowledge that is global knowledge. <\/p>\n\n\n\n<p>A single company can therefore only process, at best, 1% of the knowledge it has internally. 99% of the information that is potentially useful to it cannot be used because the company is closed in on itself. <\/p>\n\n\n\n<p>Thanks to Open Innovation, a company can access the 99% of knowledge it lacks! And with the <a href=\"https:\/\/app.idexlab.com\/login\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"right platform (opens in a new tab)\">right platform<\/a>, it is possible to sort information efficiently and quickly to be able to use it. <\/p>\n\n\n\n<p><a href=\"http:\/\/gac.idexlab.com\/open-innovation-examples\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Several large companies have already taken the plunge (opens in a new tab)\">Several large companies have already taken the plunge<\/a>, since today they must be able to adapt quickly to survive. <\/p>\n\n\n\n<p>Finally, Open Innovation involves working with external actors. This inevitably raises legal issues and more specifically intellectual property issues. The subject being vast, we will not deal with it in this article, but know that you will have all the answers to your questions in our article: <a href=\"http:\/\/gac.idexlab.com\/open-innovation-business-white-paper\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Open Business Innovation: Incompatible with Intellectual Property?  (opens in a new tab)\">Open Business Innovation: Incompatible with Intellectual Property? <\/a><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/gac.idexlab.com\/wp-content\/uploads\/2014\/07\/OI-knowledge-infographics.png\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Open Innovation is about exactly this: allow you to benefit from the other 99% of knowledge I only wanted to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":851,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"The Key Benefits of Open Innovation for Companies","_seopress_titles_desc":"Explore how open innovation helps businesses accelerate product development, reduce costs, and gain a competitive 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