Collaboration often lies at the heart of great innovations. So why should the thought of collaborating keep anyone up at night? Businesses which collaborate effectively usually flourish over those operating in splendid isolation. However, issues around data security and intellectual property (IP) protection can undermine the collaborative process. Failing to address these concerns risks turning collaborations aimed at enhancing competitiveness into threats to IP and, ultimately, commercial survival. Securing IP, the lifeblood of any innovative organization, is paramount. If it’s your innovation, it’s all about protecting it, ensuring your IP isn’t undermined with a copied or diluted product, and being the first to market.
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