Role of Information Systems in Empowering Innovation Networks

Open innovation networks, which involve a diverse set of partners, are vital for developing new products and services, especially for small and medium-sized enterprises (SMEs). Information systems play a significant role in empowering such networks throughout the entire open innovation process. The full article presents the case of an innovation network in the medical device industry, and identifies the key IS functionalities needed and provides guidelines for CIOs to facilitate innovating in networks.