Crowdsourcing business or other organization solutions from external problem solution providers, often through prize challenge platforms
Welcome to an update in July 2024 of what proved to be a popular article looking at some great open innovation platforms. Innovation is crucial to survive in today’s disruptive and fast moving industrial and commercial landscape. Back in 2017 it was predicted that...
Harnessing the power of artificial intelligence (AI) and crowdsourcing in the context of patents and intellectual property (IP) offers innovative approaches to streamline IP management and IP research processes, enhance accuracy, and democratise IP management,...
Crowdsourcing is having an ever-increasing impact on businesses. That’s whether an established company is integrating crowdsourcing into its processes, often through accessing collective intelligence, or a new business is based from the outset on crowdsourcing...
In our fast-paced and interconnected world, innovation is the key to staying competitive and relevant. Businesses, research institutions, and creative minds worldwide are continuously searching for novel ideas and breakthroughs to drive progress. One powerful approach...
Innovation is the driving force behind progress and positive change, and it thrives on fresh perspectives, diverse expertise, and creative solutions. Crowdsourcing and prize challenges - a form of open innovation - have emerged as powerful methods to tap into the...
Space exploration, and the exploitation of more affordable access to “near space,” both provide tremendous opportunities for innovation. Mass data generated by new technology can be analysed by artificial intelligence faster and more robustly to provide meaningful...
As an Innovation Manager, Dessie Maliaka at HeroX constantly seeks new ways to create value for businesses while ensuring a rapid and positive impact on their sustainability goals. The world is facing critical challenges, and she wants us all to take shared...
Prize challenges have become increasingly popular as a way to spur innovation and solve complex problems in various industries, including technology, healthcare, environment, and social impact. In the future, organisations may use more data and analysis to design...
The use of AR/VR technology in online gaming has given more people than any other experiences an idea of being in the metaverse. It’s an immersive 3D world of interaction, taking place in any designated or chosen location. AR and VR tech is already transforming...
At Crowdsourcing Week we champion the benefits of open innovation as a means to accelerate the development of breakthroughs, solutions and inventions. A growing number of organisations utilise open innovation platforms to go beyond in-house R&D teams, who work in...
It’s possible to find different answers to this question of ‘What is open innovation?’ Though the majority agree it is a process that goes beyond an organization’s own R&D resources and enlists the support of outside help for innovation ideas to resolve...
When seeking open innovation solutions for vexing problems, many large organizations and companies think they have a binary either/or choice. The perceived choice is to go down a broad crowdsourcing route with a wide range of non-expert potential problem-solvers, or...
Some fundamental obstacles prevent most big companies adopting methods or business models that are more sustainable. C Corporation company directors have their hands tied by a legal requirement to maximise shareholder value. Stock markets appear to believe shareholder...
Our ability to communicate with many minds on a mass scale has made it a lot easier to turn to large groups of people to provide us with solutions to challenging issues, to deliver innovative new ideas, or give their feedback on our own ones. Turning a question or a...
Prizes can spur all types of innovation and R&D, and the use of prize challenges to accelerate R&D is experiencing a boom. Many organizations and governments around the world are launching prizes to accelerate R&D, and it’s a tool used by the likes of...
2020’s upheaval of lifestyles and work practices has seen many business winners and losers. Social distancing, and in some countries curfews, have floored many leisure and hospitality companies. Travel clampdowns have grounded aircraft and caused hotel closures. On...
We are at the beginning of a period of exponential growth through harnessing human intellect with intelligent technology. The pace of change is often said to get faster and faster, the increase in the world’s collective knowledge is certainly growing faster and...
Could you imagine a tiny country like Singapore aiming to lead the acceleration of Open Innovation in Asia? Its population of under six million belies its economic strength and vitality, and Enterprise Singapore is doing just that - working with a number of public and...
The coming together of miniaturization that began with microfilm, the advent of digital technology, and the proliferation of personal computers and then other portable devices, has enabled governments, commercial businesses, non-profit organizations, and billions of...
The Virtual Crowd Summit attendees on September 17 heard insights covering Collective Consciousness from a true collection of global experts. This article recaps the key issues the speakers covered regarding the benefits, demands and procedures of pulling together...
The novelty of using crowdsourcing for innovation is not a new one. In fact, a few years back, one of Crowdsourcing Week's own featured writers, Marcus Barber, talked about how the future of manufacturing was upon us, and that crowdsourcing could potentially be a huge...
It is widely acknowledged that collective intelligence delivers better solutions compared to a limited number of team members working on an innovation project. However, what is not talked about enough is the effect of this open model on the innovation process...
Have you heard about Edelman Trust Barometer? This is a popular trust and credibility survey conducted annually by Edelman Intelligence, a global insight and analytics consultancy. The 2020 edition of the Barometer says that none of the four major societal...
This article from Matt Burns at Unearthed Solutions gives a fresh breakdown of the structured stages of an open innovation prize challenge. Headquartered in Perth, Western Australia, Unearthed Solutions helps its clients in the mining and mineral extraction industry...