IoT ONE Insights
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How to grow a tech business in Asia
Asia is home to 60% of the world’s population and has grown into a tech powerhouse in the past decade. With several of the world’s most advanced economies and many promising emerging economies, the continent is increasingly a key growth driver for multinational companies.
Open innovation playbook - Competitive digital innovation strategies in Asia’s most dynamic markets
China is at the forefront of digital innovation yet foreign companies are often unprepared to participate due to a lack of local innovation capabilities. Open innovation strategies provide a solution. The term ‘open innovation’ was coined by Professor Chesbrough of UC Berkeley in 2003 to illustrate how companies incorporate external ideas and expertise to advance their innovation goals.
Innovation Insight: Ally with sales to gain access to customer insights
The history of innovation is a littered with failure. Studies regularly find that more than 90% of new products fail to meet expectations. For every Tesla in the market, there are a dozen Zeos, Edsels and LeEcos. Big ideas, smart people, and deep pockets are not enough to realize success. Innovators must gain a deep understanding of their customers. Below, we provide a real-world example on how to do just that.
The New Era of Digital Twin Innovation in China
China's digital twin market is surging due to policy support and intense competitive pressure to improve operational efficiencies. We explore the role of role collaboration, open-source innovation, and investment inbuilding a digital twin ecosystem, promoting its integration with the physical world, and driving industry transformation in the digital era.