Global software company SAP opened a new Co-Innovation Lab (COIL) in Newtown Square, Pa., on the site of the company’s North American headquarters.
The lab is intended to develop business applications that focus on emerging technologies such as Big Data analytics. SAP is following a trend that big businesses are making in creating controlled innovation labs.
“Co-innovation builds an agile and vibrant partner ecosystem that drives value through external expertise in digital technologies, hardware and networks,” said Rodolfo Cardenuto, SAP President of global channels & general business in a Philadelphia Magazine article.
The lab, which opened early last month, is the second in North America, with a total of 15 labs across the globe.