Attendees at our first Virtual Crowd Summit experienced an international panel of speakers discussing and sharing how crowdsourcing-led techniques and models can help organisations. Help them to not only face up to the economic and operational implications of the...
Rewards crowdfunding matters because of the part it is playing in moving us from where we are today, to where we need to go. The world is facing unprecedented challenges - environmental, economic, and social. One only needs to turn on the news to see the vast array of...
The threat of cyber-attacks has risen in the current COVID-19 pandemic, with many company employees working remotely and outside centralised company security systems. Now even small companies need access to experts in cybersecurity and penetration testing on an urgent...
Here is a snapshot of how various forms of crowdfunding are being used around the world to help tackle the impact of the coronavirus pandemic. Donations There is phenomenal UK public support for Special Forces veteran Captain Tom Moore, who is 99. He is walking with...
Crowdfunding is by no means easy: most projects fail. Effective communication of crowdfunding opportunities presents unique information challenges for entrepreneurs who must convince funders to support their project, while at any time the latter are interpreting the...
The extreme conditions of the Corona crisis lay bare the good, the bad and the ugly. As interesting as it was to observe how countries fight the same virus in different ways, it is equally fascinating to witness a strong mobilization of crowds from within the general...
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...
Since the 2004 publication of James Surowiecki’s highly influential book, The Wisdom of Crowds, the idea that large groups of people can be smarter than a few individuals, no matter how brilliant, has been gradually gaining prominence in academic circles, business...
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...
The global threat of COVID-19 has crippled the travel and tourism industries, tested the world’s capacity to respond to massive and rapidly growing healthcare challenges, and forced many other industries to adapt to the times lest they sink under the weight of “the...
It is fascinating to see how different leaders choose to deal with a crisis like the coronavirus outbreak. Let's compare three approaches: the “Populists,” the “Believers” and the “Proactives.” The Populists Solutions put forward by populist leaders who mobilised “the...
"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...
A fundamental tenet of the sharing economy is to use resources more efficiently. At a time when all of us as individuals are increasingly asked to consider our use of air travel, single-use plastic products, and turning down room temperatures, the construction...