80% of digitally mature companies create partnerships with other organisations to accelerate innovation

MIT Sloan Management Review and Deloitte

Organisations most successful in innovation understand that they cannot do it all alone. They recognise the importance of partnering with other organisations to accelerate innovation. A recent study found that 80% of digitally mature companies create partnerships with other organisations to drive innovation. So, who are the most critical innovation partners? The most obvious answer is other companies working on similar products or services. This type of partnership allows organisations to share resources, ideas, and expertise. However, organisations should also consider partnering with universities, government agencies, and non-profit organisations. These partnerships provide access to new perspectives and ideas and valuable resources. Ultimately, the most important innovation partners can help an organisation achieve its goals.