Advantages in Making Use of Information and Communication Technology in Designing Open Innovation Business Models
Information and communication technology is a resource used in the processes and activities of business and government. Recent trends indicate that it is becoming an important resource in the daily activities of human beings. But the similarity between information and communication technology ends here. While other technologies tend to be applicable only in the specific industries and defined areas of operations, the potential of information and communication technology in business, government, and human activities is more universal. Information and communication technology provides several concepts that enable business, government, and human beings to reach new realities in their sector. Some of the concepts have created opportunities for designing and manufacturing electronic devices. This chapter talks about making use of the electronic devices in an open innovative thinking and approach.