The term innovation hub is particularly at home in the areas of digital transformation, artificial intelligence and Industry and Factory 4.0. An innovation hub is a place or platform where new ideas emerge and companies work together on innovative solutions. This is where creative minds, start-ups and established companies come together to test technologies, share knowledge and drive innovation faster.
Imagine an innovation hub as a modern co-working space where experts from different areas work on new digital products. For example, a team uses artificial intelligence to develop a solution that enables machines in a factory to recognise and rectify errors independently. At the Innovation Hub, they receive support from experts, can try out new prototypes and benefit from partnerships.
Innovation hubs offer a valuable environment, especially for companies that want to make progress in the digital transformation. They help to recognise current trends and react more quickly to changes. This makes innovation hubs an important driver of progress and competitiveness in the digital world.