Big Data for Open Innovation in SMEs and Large Corporations: Trends, Opportunities, and Challenges

17 Pages Posted: 20 Feb 2018

See all articles by Pasquale Del Vecchio

Pasquale Del Vecchio

University of Salento

Alberto Di Minin

Istituto di Management - Scuola Superiore Sant'Anna; BRIE - University of California, Berkeley

Antonio Messeni Petruzzelli

Politecnico di Bari

Umberto Panniello

Politecnico di Bari

Salvatore Pirri

Scuola Superiore Sant'Anna di Pisa

Date Written: March 2018

Abstract

The notion of ‘Big Data’ has recently been attracting an increasing degree of attention from scholars and practitioners in an attempt to identify how it may be leveraged to create innovative solutions and business opportunities. Specifically, Big Data may come from a variety of sources, especially sources outside the usual boundaries of organizations, and it represents an interesting and emerging opportunity for sustaining and enhancing the effectiveness of the so‐called open innovation paradigm. However, to the best of our knowledge, no prior works have provided a broad overview of the use of Big Data for open innovation strategies. We aim to fill this gap. In particular, we have focused our investigation on two types of companies: small and medium‐sized enterprises (SMEs) and big corporations, reviewing the major academic works published so far and analysing the main industrial applications on this topic. As a result, we provide a relevant list of the main trends, opportunities, and challenges faced by SMEs and large corporations when dealing with Big Data for open innovation strategies.

Suggested Citation

Del Vecchio, Pasquale and Di Minin, Alberto and Petruzzelli, Antonio Messeni and Panniello, Umberto and Pirri, Salvatore, Big Data for Open Innovation in SMEs and Large Corporations: Trends, Opportunities, and Challenges (March 2018). Creativity and Innovation Management, Vol. 27, Issue 1, pp. 6-22, 2018. Available at SSRN: https://ssrn.com/abstract=3126530 or http://dx.doi.org/10.1111/caim.12224

Pasquale Del Vecchio (Contact Author)

University of Salento

via Taranto 35
Piazza Tancredi, N.7
Lecce, 73100
Italy

Alberto Di Minin

Istituto di Management - Scuola Superiore Sant'Anna ( email )

Piazza Martiri della Liberta 33
MaIn Lab
Pisa, PI 56127
Italy

HOME PAGE: http://www.diminin.it

BRIE - University of California, Berkeley ( email )

2234 Piedmont Ave
Berkeley, CA 94720
United States

Antonio Messeni Petruzzelli

Politecnico di Bari

Via Edoardo Orabona
Bari, 70123
Italy

Umberto Panniello

Politecnico di Bari ( email )

Via Edoardo Orabona
Bari, 70123
Italy

Salvatore Pirri

Scuola Superiore Sant'Anna di Pisa

Biblioteca Scuola Superiore Sant'Anna
Piazza Martiri della Liberta, n. 33
Pisa, 56127
Italy

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