Discover the impactful ways crowdsourcing – the practice of engaging a ‘crowd’ or group for a common goal, often for innovation, problem solving, or efficiency – is being applied on many different levels and across various industries.
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...
I wish I had come up with that line, but I must give credit to Joe Polish. It neatly sums up the times we’re living in, where the pace and scale of change are disrupting many established business models and social norms, and admittedly causing some damage to what...
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...
Follow the news today and you’re likely to read something about how crowdsourcing is aiding advances in the robotics industry. This week alone we’ve seen stories concerning robots entering the healthcare industry, further advances in self-driving car technology, and...
The past decade has raised the bar in open innovation, particularly the last year. As celebrated at the Crowdsourcing Week 2018 global conference, we’ve recently maximized the power of the group and pushed scientific and technical ideas to their potential. Or have we?...
No matter the scale of your business or the specific nature of your target audience, content marketing has a huge role to play in your overall advertising strategy. However, you may not have unlimited resources to allocate to content marketing, or maybe you may want...
A third of all the food produced in the world is thrown away. It represents an annual value of $1 trillion, and in the UK half the food is wasted in the home. It’s one of our planet’s greatest problems. There are millions of people who don’t have enough,...
Since May 2015, Sourceability has been providing electronic component supply chain solutions on a global basis, with a network of offices based around three global distribution centers in Miami, Hong Kong and Singapore. Sourceability delivers electronic components by...
More and more organizations, including some of the largest corporations, are increasingly moving their problem solution processes and product or service development ideation from an internal to an external environment. Through creating challenges with cash and other...
The blockchain discussion is often focused on the financial benefits – indeed, you can often catch new folks interchange “bitcoin” and “blockchain” in common conversation. The impact, though, will go well beyond fiat currencies and business markets. One of the...
Did you know that leveraging Crowd Wisdom in your organisation will help you to build a better business? Crowd intelligence can support many aspects of business operations thus ensuring you make better business decisions. Business Summary Many businesses face common...
The LinkedIn profile of billionaire entrepreneur Naveen Jain lists 10 active roles. He is driven to solve the world’s biggest challenges through innovation, and is the founder of several successful companies including Moon Express, Viome, Bluedot, TalentWise, Intelius...
Horizon State has leveraged blockchain’s immutable distributed ledger technology to redesign the way that opinion is solicited, votes are cast, and collaborative decisions are made. Horizon State reshapes interactions between the public sector, wider businesses and...
The World Economic Forum is the international, independent organisation behind the celebrated annual Davos event in Switzerland that under the attention of global media draws together 2,500 “business, political, academic, and other leaders of society to shape global,...
Health care to high tech. Aerospace to automotive. Retailing to real estate. Energy to education. No matter what industry you operate in, you’re very likely impacted by disruption, whether it’s from new technologies, customer experiences, or even new business models....
We live in a time of momentous changes. Yet there’s no doubt about it, most people are resistant to change. Change moves people out of a comfort zone of established performance norms and behaviors, and can change the balance of input and reward. In business we’ve all...