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Crowdsourcing business or other organization solutions from external problem solution providers, often through prize challenge platforms
While governments and global pharmaceutical corporations search for an ultimate long-term solution, a life-saving vaccine, response to the COVID-19 has thrown up many near-term challenges. Prize challenges communicated through mass digital connectivity have given a...
History shows that crowdsourcing is not new. Today, a proliferation of open innovation platforms encourages skilled experts throughout the world to compete for cash and status by offering solutions to an array of prize challenges, whether as individuals or as...
"An open innovation platform shares human brains and ingenuity like Airbnb shares spare accommodation." These are the words of Christian Cotichini, co-founder and CEO of the HeroX innovation platform. There is growing recognition among organization leaders that...
More and more organizations are recognizing the benefits of open innovation challenges as a means to tap in to the collective wisdom of many people outside of their own employees or other regular sources. Solutions can be surprisingly different from people outside of...
At first glance the open innovation sector can appear a crowded and perhaps confusing space. A closer look reveals many platforms have focused down on to one area of specialist business interest. OpenIDEO is one such platform and provides an interface for social...
Aurelie Wen is Managing Partner at Agorize for North America, based in Montreal, Canada. Agorize is a 100-strong open innovation tech company that brings together companies and an astonishing five million innovators from 185 countries. It is “the missing link between...
Agorize began as a French-based open innovation challenge platform that connects businesses and innovators from all over the world. Since it started in 2010 it has hosted over 200 challenges, connected with five million innovators from 185 countries, and earlier this...
In our July 2019 article that featured Surcle, the open innovation challenge platform in the electronics hardware sector, we mentioned briefly a challenge that was live at the time. Zollner Elektronik AG had launched The Protocol Converter Challenge in an effort to...
The banking and financial services sector is becoming more strategically focused and technologically advanced. It has to respond to growing consumer expectations while trying to defend market share against an increasing array of competitors who are each trying to eat...
As the population grows at an ever faster and faster rate, transforming how the world feeds itself is going to be a necessity. Even though up to a third of the food currently produced goes to waste, incremental improvements to current practices aren’t going to be...
Surcle.io is a global crowd-engineering platform enabling corporations, SMEs, and start-ups to scale resources and tackle engineering and hardware challenges within their organizations and product life cycle. It was launched by the online electrical hardware...
Hi! We are Michael and Bonnie, the founders of the world’s largest wine brand. Did you know that we used crowdsourcing to build Barefoot Wine? Sure, it wasn’t called “Crowdsourcing” back then, but it was the secret to our success! If Necessity is the Mother of...
With young people finding it increasingly hard to find quality and meaningful work, more and more are turning to the gig-economy. Although this form of work can be unpredictable, stressful and at times downright precarious, and offers no traditional employee benefits...
This is the third part in our three-part blog series on prize competitions. In Part 1 we shared the power of prize competitions. Part 2 helped you understand what makes a successful prize competition. Now, we will give you some insight on how to choose the appropriate...
This is the second part in our three-part blog series on prize competitions, or prize challenges as some people prefer to call them. In Part 1 we shared the power of prize competitions as a means to generate open innovation solutions, and thus accelerate R&D. In...
This is the first part in a three-part blog series on using prize competitions, also called prize challenges. In this Part 1 we share the power and benefits of prize competitions. In Part 2 we will help you understand what makes a successful prize competition. And in...
Crowdsourcing is a great way for an organization to generate external input, particularly when it faces a new challenge. Benfits include tapping in to specific areas of interest or expertise that don't exist within your own organization; getting input from people who...
Crowdsourcing and open innovation are staring to be recognised within primary industry as effective ways to validate concepts at low risk, solve complex challenges, find new innovative suppliers and automate work. As a consequence, new industrial leaders are emerging...
It’s easy to forget that the Internet was once all open. Rather, the Internet has been in a continuous cycle of highly-structured portals and free-flowing information. The initial platforms, like BBS boards, gave way to walled gardens like America OnLine. AOL’s drop...
Open innovation is a term coined by Henry Chesbrough in his 2003 book, “Open Innovation: The new imperative for creating and profiting from technology”. Open innovation assumes that valuable ideas can come from inside or out of the company and can go to the market...
We’re getting increasingly used to witnessing the commercial disruption taking place due to mass digital connectivity giving rise to new business models. In many instances it’s where existing players in a market place come under threat from newcomers who have torn up...
Just two decades ago, the worldwide web was an uncharted universe. It was so unmapped, companies became billion-dollar brands based on organizing it. Netscape, one of the world’s first widely adopted browsers, turned company co-founder Marc Andreessen into the new...
For centuries, science has been the pursuit of amateur, self-funded and self-motivated scientists: Sir Isaac Newton, Benjamin Franklin, Charles Darwin and Thomas Edison – to name just a few. However, in the first half of the 20th century, science became dominated by...
Managing change within an organization is never easy since a company is essentially formed by people, and people are not usually easy to change because of cultural factors (the culture of the country, the industry, the company itself, and so on). The ennomotive...