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Fort Knox

Unimaginable for many companies: They protect their supposed intellectual property like Fort Knox. However, this way of thinking - sealing oneself off instead of jointly driving new developments - no longer works.
Gregor von Jagow, Red Hat
February 24, 2023
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This text has been automatically translated from German to English.

Why we need a democratization of innovation

Increasing competitive pressure due to globalization, shorter product life cycles and the resulting higher pressure to innovate contribute significantly to the need to optimize and open up the innovation process. Many players simply lack the necessary financial resources for groundbreaking new developments, but also the internal expertise. For the purpose of risk minimization, the need to join forces with partners, suppliers or even other providers develops almost automatically.

This trend toward coopetition, i.e., cooperation between competitors, is by no means selfless, but is due to the clear realization that market share can only be achieved and maintained in the long term if companies break new ground. This saves high investments in technologies that are not part of the actual core business and ensures that software developers, who are in high demand anyway, can focus their work on what makes the difference in competition with customers. However, the platform economy is not only more economical, but also more ecologically sound. In times of rising pollution, raw material scarcity and regulatory pressure, cross-company collaboration can save valuable resources. It is thus the key to greater sustainability.

The fact is, the so-called innovation threshold is very high. Whether you call it open innovation, platform economy or information economy - the idea behind it is always the same: Why reinvent the wheel every time when someone else with probably more know-how has already done it? Digital ecosystems and platforms, which are also the basic idea behind open source, are the basis for innovation today. Instead of spending a lot of money and resources on the completely new development of products and solutions, companies can fall back on existing technologies and "refine" them with their own ideas. Especially in times of crisis, when budgets for new projects are held back, the platform idea significantly lowers the innovation threshold for companies. And we urgently need this democratization.

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Gregor von Jagow, Red Hat

Gregor von Jagow is Senior Director and Country Manager at Red Hat Germany


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Working on the SAP basis is crucial for successful S/4 conversion. 

This gives the Competence Center strategic importance for existing SAP customers. Regardless of the S/4 Hana operating model, topics such as Automation, Monitoring, Security, Application Lifecycle Management and Data Management the basis for S/4 operations.

For the second time, E3 magazine is organizing a summit for the SAP community in Salzburg to provide comprehensive information on all aspects of S/4 Hana groundwork. All information about the event can be found here:

SAP Competence Center Summit 2024

Venue

Event Room, FourSide Hotel Salzburg,
At the exhibition center 2,
A-5020 Salzburg

Event date

June 5 and 6, 2024

Regular ticket:

€ 590 excl. VAT

Venue

Event Room, Hotel Hilton Heidelberg,
Kurfürstenanlage 1,
69115 Heidelberg

Event date

28 and 29 February 2024

Tickets

Regular ticket
EUR 590 excl. VAT
The organizer is the E3 magazine of the publishing house B4Bmedia.net AG. The presentations will be accompanied by an exhibition of selected SAP partners. The ticket price includes the attendance of all lectures of the Steampunk and BTP Summit 2024, the visit of the exhibition area, the participation in the evening event as well as the catering during the official program. The lecture program and the list of exhibitors and sponsors (SAP partners) will be published on this website in due time.