The document discusses crowd sourcing, defining it as outsourcing tasks to a large group of people online rather than employees. It outlines the history, process, common types including crowd voting, funding, searching, micro and macro work, and inducement prize contests. The document also discusses leveraging innovation through online competitions and characteristics of crowd sourcing projects involving and not involving innovation. It notes advantages like access to ideas, and disadvantages like reliability questions. In conclusion, crowd sourcing can be effective with proper motivation to create value from diverse groups.
Crowd sourcing is an invitation to all people in the crowd to create, discuss, refine and rank meaningful ideas or tasks or contributions via the web.
Today organizations are using crowd sourcing for a variety of purposes,
The presentation details, The crowd sourcing landscape, who can use crowd sourcing, when to use crowd sourcing, Why should an organization use crowd sourcing, The building blocks of crowd sourcing, The crowd sourcing process and success stories associated with crowd Sourcing
Simply SaaS University: Marketing 101 - Asia MatosJacey Lucus
Atlanta Ventures hosted the 2nd Simply SaaS University class: Marketing Metrics 101 with Asia Matos. In the class, SaaS entrepreneurs learned more about the fundamentals to defining their customer acquisition strategy, why it’s important to define your primary marketing channels, best practices around researching, how to create an amazing funnel.
Crowd sourcing is an invitation to all people in the crowd to create, discuss, refine and rank meaningful ideas or tasks or contributions via the web.
Today organizations are using crowd sourcing for a variety of purposes,
The presentation details, The crowd sourcing landscape, who can use crowd sourcing, when to use crowd sourcing, Why should an organization use crowd sourcing, The building blocks of crowd sourcing, The crowd sourcing process and success stories associated with crowd Sourcing
Simply SaaS University: Marketing 101 - Asia MatosJacey Lucus
Atlanta Ventures hosted the 2nd Simply SaaS University class: Marketing Metrics 101 with Asia Matos. In the class, SaaS entrepreneurs learned more about the fundamentals to defining their customer acquisition strategy, why it’s important to define your primary marketing channels, best practices around researching, how to create an amazing funnel.
GROWTH HACKING Neil Patel Join the KISSmetrics team! kissmetrics.com/careers
@neilpatel
“Growth is important, and most great companies take it seriously.” Adam Nash HTTP://KISS.LY/ANASHNOTES
WHO ARE YOUR Customers? HTTP://KISS.LY/SMBANALYSIS
HOW DO YOU REACH YOUR Customers? HTTP://KISS.LY/KISSBLUEGLASSLA2012
CHANNELS GET CROWDED Fast!
Google AdWords Cost per acquisition: $233$388 For a $99 product. Fail. HTTP://KISS.LY/DREWDROPBOX
Distribution Hacks
Five strategies for distribution: Integrations, Work Emails, Embeds, Powered By, Free Stuff
Integrations
Shopify has 30,000+ businesses
Salesforce has 100,000+ businesses
Box has 120,000+ businesses
37signals has 150,000+ businesses
Yammer has 200,000+ businesses
Constant Contact has 400,000+ businesses
Github has 1,900,000+ people
MailChimp has 2,000,000+ people
Google Apps has 4,000,000+ businesses
FreshBooks has 4,500,000+ people
Google Analytics has 30,000,000+ accounts
Evernote has 30,000,000+ people
Dropbox has 50,000,000+ people
How to optimize integrations. Integrations make your product better. Measure your conversions and revenue. Discover valuable integrations. Ask users about integrations. Make your partner pages awesome
Work Emails HTTP://PODIO.COM
Work Emails HTTP://YAMMER.COM
How to optimize “Work Emails” Optimize on-boarding Show people who they should follow Utilize invitations during on-boarding Measure # of people in every company Discover the engaging interactions
Embeds HTTP://KISS.LY/YTEMBED
Embeds HTTP://KISS.LY/SSEMBEDS
How to optimize embeds Why should people embed? Make it as easy as possible to embed. Track how well your embeds convert. Test relevant call to actions. Optimize for search but don’t obsess
Powered By
How to optimize “Powered By” What are you Powering? Test the copy of your call to action. Test and optimize your landing pages. Track views, clicks, conversions and LTV Measure individual effectiveness
Free Stuff HTTP://GRADER.COM
Free Stuff HTTP://NEWRELIC.COM/ASI
Free Stuff HTTP://WWW.HUBSPOT.COM/INBOUND-MARKETING-KIT/
How to optimize free tools. Map to customer decision making. Think about what you can repurpose. Educate your prospects. Test your ideas minimally (ghetto). Measure and optimize revenue
FIGURE OUT WHAT’S BEST FOR Your Product
YOU HAVE No Excuses
We’re hiring. Join our team! kissmetrics.com/careers Neil Patel npatel@kissmetrics.com
Phil Dillard, Black Ant, @PhilD0210
The objective of the Lean Startup 101 training is to introduce the concepts, terminology and approaches — and, to help organizations overcome resistance accepting the new approach so that exploration and learning can begin. This practical, interactive session will provide a solid foundation for advanced sessions, including the Lean Startup 201 & 301. This training is designed for practitioners in both the enterprise and in startups who are relatively new to the Lean Startup approach or who are seeking a quick refresher. Lean Startup 101 is a perfect way to kick off your week of Lean Startup!
Thanks to Lean Startup Co.’s law firm, Orrick, for being the sponsor for this track.
A presentation on the search for product-market fit at the Harvard Business School Black Tech Masters Series by venture capitalist and entrepreneurship faculty professor Jeff Bussgang
Social media marketing (SMM) refers to the process of gaining traffic or attention through social media sites.SMM refers to techniques that target social networks and applications to spread brand awareness or promote particular products. We provide the best social media marketing services for your business. For more details visit us at http://bit.ly/1DDySgM or contact 8888988882
Design Thinking is a design methodology that provides a solution-based approach to solving problems. It’s extremely useful in tackling complex problems that are ill-defined or unknown, by understanding the human needs involved, by re-framing the problem in human-centric ways, by creating many ideas in brainstorming sessions, and by adopting a hands-on approach in prototyping and testing.
So the purpose of product discovery is to make sure we have some evidence that when we ask the engineers to build production-quality software, it won’t be a wasted effort.
Summary of the strategy of building low-burn-rate startups, i.e. capital efficient and generally frugal. By taking advantage of open source, agile software, and iterative development, lean startups can operate with much less waste.
If you're looking to accelerate innovation, you have to hack your business, and there’s no better way to do that than with a hackathon. Hackathons are quick and effective ways for companies to tackle problems and innovate for the future.
Dan Olsen, The Lean Product Playbook , @danolsen
Room: C260
Everyone working on a new product is trying to achieve the same goal: product-market fit. Although product-market fit is one of the most important Lean Startup concepts, it’s also the least well defined. Dan Olsen shares the top advice from his book The Lean Product Playbook, including the Product-Market Fit Pyramid: an actionable model that breaks product-market fit down into 5 key elements. Dan also explains the Lean Product Process, a 6-step methodology with practical guidance on how to achieve product-market fit, illustrated with a real-world case study.
A very basic presentation giving examples of crowdsourcing platforms and uses. Created in conjunction with the book "The Complete Idiot's Guide to Crowdsourcing."
The presentation gives a broad overview of crowdsourcing and crowdsensing. It motivates the ideas of several types of crowdsourcing and crowdsensing applications using typical examples from business and society.
GROWTH HACKING Neil Patel Join the KISSmetrics team! kissmetrics.com/careers
@neilpatel
“Growth is important, and most great companies take it seriously.” Adam Nash HTTP://KISS.LY/ANASHNOTES
WHO ARE YOUR Customers? HTTP://KISS.LY/SMBANALYSIS
HOW DO YOU REACH YOUR Customers? HTTP://KISS.LY/KISSBLUEGLASSLA2012
CHANNELS GET CROWDED Fast!
Google AdWords Cost per acquisition: $233$388 For a $99 product. Fail. HTTP://KISS.LY/DREWDROPBOX
Distribution Hacks
Five strategies for distribution: Integrations, Work Emails, Embeds, Powered By, Free Stuff
Integrations
Shopify has 30,000+ businesses
Salesforce has 100,000+ businesses
Box has 120,000+ businesses
37signals has 150,000+ businesses
Yammer has 200,000+ businesses
Constant Contact has 400,000+ businesses
Github has 1,900,000+ people
MailChimp has 2,000,000+ people
Google Apps has 4,000,000+ businesses
FreshBooks has 4,500,000+ people
Google Analytics has 30,000,000+ accounts
Evernote has 30,000,000+ people
Dropbox has 50,000,000+ people
How to optimize integrations. Integrations make your product better. Measure your conversions and revenue. Discover valuable integrations. Ask users about integrations. Make your partner pages awesome
Work Emails HTTP://PODIO.COM
Work Emails HTTP://YAMMER.COM
How to optimize “Work Emails” Optimize on-boarding Show people who they should follow Utilize invitations during on-boarding Measure # of people in every company Discover the engaging interactions
Embeds HTTP://KISS.LY/YTEMBED
Embeds HTTP://KISS.LY/SSEMBEDS
How to optimize embeds Why should people embed? Make it as easy as possible to embed. Track how well your embeds convert. Test relevant call to actions. Optimize for search but don’t obsess
Powered By
How to optimize “Powered By” What are you Powering? Test the copy of your call to action. Test and optimize your landing pages. Track views, clicks, conversions and LTV Measure individual effectiveness
Free Stuff HTTP://GRADER.COM
Free Stuff HTTP://NEWRELIC.COM/ASI
Free Stuff HTTP://WWW.HUBSPOT.COM/INBOUND-MARKETING-KIT/
How to optimize free tools. Map to customer decision making. Think about what you can repurpose. Educate your prospects. Test your ideas minimally (ghetto). Measure and optimize revenue
FIGURE OUT WHAT’S BEST FOR Your Product
YOU HAVE No Excuses
We’re hiring. Join our team! kissmetrics.com/careers Neil Patel npatel@kissmetrics.com
Phil Dillard, Black Ant, @PhilD0210
The objective of the Lean Startup 101 training is to introduce the concepts, terminology and approaches — and, to help organizations overcome resistance accepting the new approach so that exploration and learning can begin. This practical, interactive session will provide a solid foundation for advanced sessions, including the Lean Startup 201 & 301. This training is designed for practitioners in both the enterprise and in startups who are relatively new to the Lean Startup approach or who are seeking a quick refresher. Lean Startup 101 is a perfect way to kick off your week of Lean Startup!
Thanks to Lean Startup Co.’s law firm, Orrick, for being the sponsor for this track.
A presentation on the search for product-market fit at the Harvard Business School Black Tech Masters Series by venture capitalist and entrepreneurship faculty professor Jeff Bussgang
Social media marketing (SMM) refers to the process of gaining traffic or attention through social media sites.SMM refers to techniques that target social networks and applications to spread brand awareness or promote particular products. We provide the best social media marketing services for your business. For more details visit us at http://bit.ly/1DDySgM or contact 8888988882
Design Thinking is a design methodology that provides a solution-based approach to solving problems. It’s extremely useful in tackling complex problems that are ill-defined or unknown, by understanding the human needs involved, by re-framing the problem in human-centric ways, by creating many ideas in brainstorming sessions, and by adopting a hands-on approach in prototyping and testing.
So the purpose of product discovery is to make sure we have some evidence that when we ask the engineers to build production-quality software, it won’t be a wasted effort.
Summary of the strategy of building low-burn-rate startups, i.e. capital efficient and generally frugal. By taking advantage of open source, agile software, and iterative development, lean startups can operate with much less waste.
If you're looking to accelerate innovation, you have to hack your business, and there’s no better way to do that than with a hackathon. Hackathons are quick and effective ways for companies to tackle problems and innovate for the future.
Dan Olsen, The Lean Product Playbook , @danolsen
Room: C260
Everyone working on a new product is trying to achieve the same goal: product-market fit. Although product-market fit is one of the most important Lean Startup concepts, it’s also the least well defined. Dan Olsen shares the top advice from his book The Lean Product Playbook, including the Product-Market Fit Pyramid: an actionable model that breaks product-market fit down into 5 key elements. Dan also explains the Lean Product Process, a 6-step methodology with practical guidance on how to achieve product-market fit, illustrated with a real-world case study.
A very basic presentation giving examples of crowdsourcing platforms and uses. Created in conjunction with the book "The Complete Idiot's Guide to Crowdsourcing."
The presentation gives a broad overview of crowdsourcing and crowdsensing. It motivates the ideas of several types of crowdsourcing and crowdsensing applications using typical examples from business and society.
20140628 crowdsourcing, family history, and long tails for libraries [ala ann...Frederick Zarndt
In all of its many flavors, crowdsourcing works. It works for cultural heritage organizations too. During this presentation we look at various aspects of crowdsourced OCR text correction, commenting, and tagging for digitized historical newspapers at the National Library of Australia’s Trove, the California Digital Newspaper Collection (CDNC), and at the Cambridge Public Library in Cambridge Massachusetts as well as the astounding number of historical birth, death, marriage, census, and other records transcribed by “crowd” volunteers at Family Search. Some aspects include: demographics, experiences, motivation, quality, preferred data, economics and marketing. You will see that crowd sourcing is not only feasible but also practical and desirable. You will wonder why your own cultural heritage organization hasn't begun its own crowdsourcing project!
Crowbe: An Approach to a Crowd Banking SystemJan Beeck
A transparent collaborative financial approach through the protocol of cryptocurrency
and descentralization of transactions on the Internet. An environment for
micro loans based on points where the benefits and risks are shared in a community
through prorations based on the weight of the lender. This approach can be used for
people who do not participate no have access to the financial institutions.
In this article, we review the basics of Bitcoin, its main characteristics and opportunities as well as interesting innovations that have recently been developed in various parts of the world.
This slides discuss with the technology of Crowd sourcing and its Benefits. it also contents its applications, issues and characteristics, and other applications which are related to it..
Bruno Pellegrini made a lesson in Bocconi about Crowdsourcing.
Bruno Pellegrini is one of the top Italian experts in new media and UGC, after graduating in business administration at the Bocconi University in Milan, he worked at Procter & Gamble and Bain & Co. He took his MBA at Insead, Paris, and joined Mediaset where he developed and produced multimedia projects including the web-TV during the first edition of Big Brother.
He was co-founder in 2001 of Offside, a company which produces several television programs and films for private cinema that won numerous international awards, including the Locarno Film Festival and David di Donatello.
In 2004 he conceived and founded the satellite channel, NessunoTV.
He is currently CEO of TheBlogTV, a media company he founded in 2006 specializing in user-generated production.
www.theblogtv.it/en
www.userfarm.com
Collaborative Consumption: The 7 Key Business ModelsCollaborative Lab
Companies such as Airbnb, Lyft, Taskrabbit, Zipcar are all examples of thriving Collaborative Consumption businesses that balance profits with a clear sharing purpose. But what are the business models behind these ideas? In this deck, Collaborative Lab maps out the seven key models used.
Crowdsourcing is an online, distributed problem solving and production model that revolutionized the internet and mobile market at present. It turns the customers into designer and marketers. The practice of Crowdsourcing is transforming the web and giving rise to a new field. Today the leading enterprises are embracing the next paradigm shift in the distribution of work by outsourcing to the crowd in the cloud. Everyday millions of people make all kind of voluntary online contribution. With the number of people online approaching 3 billion by 2016 and projected to reach 5 billion by 2020, new workforce has emerged that are now used for different purposes. Available on-demand this workforce has abundant capacity and the expertise knowledge to perform work from simple to complex and solve problems and grand challenges. This paper gives an introduction to Crowdsourcing, its theoretical grounding, model and examples with case study. In this paper we show that Crowdsourcing can be applied to wide variety of problems and that it raises numerous interesting technical and social challenges. Finally this paper proposes an agenda for using Crowdsourcing in NLP.
Crowdsourcing Innovation Examples - MIT ID InnovationPankaj Deshpande
Here are some excellent crowdsourcing innovation examples. Let's have a look at the blog to know in detail: https://mitidinnovation.com/recreation/crowdsourcing-innovation-examples/
This presentation outlines what crowdsourcing is, examines how it has effected the advertising and marketing industry and examines whether or not it offers up a new model for creativity.
I work as a lobbyist in EU. Here I follow the ITRE committee and I write proposals that are of interest for them. ITRE = Industry, Technology, Research, Energy
Start Innovating Already: 13 Poisons to Open InnovationLisa Thorell
An somewhat irreverant intro to Open Innovation for advanced beginners. The presentation discusses 13 poisons (and their antidotes) to Open Innovation.
Companies covered include AirBNB, Best Buy, LudoBites,Netflix, NPR, Starbucks, Saatchi & Saatchi, RelayRides and Threadless.
Join us for an exclusive webinar with the authors of Crowdstorm: The Future of Innovation, Ideas and Problem Solving. This book and author discussion is the first (and the only one open to non-members) for the Social Business Book Club, brought to you by Wiley and Social Media Today. Talk to the authors and ask questions pertaining to their book. We will be giving away a free book club membership to one of our lucky participants! Follow along using the hashtag #socbizbooks throughout the webinar.
Crowdstorm explains how to leverage external networks to solicit, refine, and select ideas for innovation, no matter the size of the business. Learn the processes and gather the right tools for mass collaboration, and motivate talent to improve their approach to complex problem solving, idea creation, and innovation.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
2. AGENDA
Definition
History
Process
Common types
Leveraging Innovation through Online Idea Competitions
Crowd Sourcing Projects Characterized Bt Innovation
Crowd Sourcing Projects not Characterized by Innovation
Advantages
Disadvantages
Conclusion
Examples
3. Crowd Sourcing
Crowd Sourcing may be defined as a act of outsourcing
tasks originally performed inside an Organization or
assigned externally in the form of business relationship to
an indefinably large , heterogeneous mass of Potential
actors.
Crowd sourcing is the practice of obtaining needed services
, ideas or content by soliciting contributions from a large
group of people , and especially from an online community
rather than from traditional employees or suppliers.
5. Process Of Crowd Sourcing
The process of crowd sourcing always depends on the
outcome desired.
Crowd sourcing has many forms based on the type of
task that need to be accomplished.
Crowd sourcing happens through internet via an open
call mainly for free or some times a monetary
compensation.
7. Common Types Of Crowd Sourcing
Crowd Voting
Crowd Funding
Crowd Searching
Micro work
Macro work
Inducement Prize Contests
8. Crowd Voting
Crowd voting is a type of crowd sourcing which occurs
when people are called to Vote or Voice their opinion on a
particular thing. This can be either in garment industry or
food products or even when selecting a wonder of the
world.
Example : When “Tajmahal” was being selected or
continued to be the wonder of the world there were many
votes from the crowd all over the world. We can find a
new one daily on Face book page . It is an ongoing
process
10. Crowd Funding
Crowd Funding is a type of Crowd sourcing where a
small amount of fund is collected from every
individual or asking for donations for a global cause or
monetary.
Example : when Typhoon “Haiyan” has occurred in
Philippines Red cross Canada is asking for donations
to help people in Philippines. People who are in need
of help can be saved by donations through internet.
12. Crowd Searching
Crowd searching is similar to a lost and found items.
When a valuable thing has lost like a pet or item or
property. A virtual search can be passed by internet
and many people would be searching at the same time.
Example: A Chicago based company “crowdfynd”
utilizes this type of Crowd Sourcing and helps a lot of
people and in this process there is no payment
involved.
14. Micro work
This is a type of Crowd Sourcing where a small amount of
payment is involved in order to complete small jobs or
tasks.
On internet there are many websites which can form a
perfect example for this type of activity. I myself use this
type of Crowd sourcing in order to search for small cash
jobs and help people.
Examples:
www.askfortask.com
www.metrotask.com
16. Macro work
Macro work is a type of crowd sourcing where a
specialized skills are involved which may be related to
education or infrastructure or technology or anything.
Examples : Google help outs which was launched
recently is a perfect example for this type of work .
Some times they may be free but involves a
professional help.
17. Inducement Prize Contests
This type of Crowd sourcing involves people to come
up with their own ideas for a grand prize which may be
any type of ideas depending on the company.
Example: Netflix award in 2009
IBM’s Innovation Jam
Research Oriented Projects.
19. Leveraging Innovation through
Online Idea Competitions
This is similar to collecting innovative idea collections
and improving the products. It works well specially in
technical fields or food Industry.
In 2007 Cisco indicated its first online idea
competition to collect ideas for Innovative IT solutions
to ensure the suggestions offered were feasible.
(cont’d)
20. Leveraging Innovation through
Online Idea Competitions (cont’d)
Participants were asked to support their business plans
to support their ideas. This competition allowed Cisco
to get new ideas and more and more people were
participating which improved Cisco's popularity as
well as publicity.
Cisco has awarded the winner with $250,000 for an
amazing idea in energy efficiency.
Cisco has got more than 450 investors for this project.
21. IBM’s Innovation Jam
IBM is conducting jams from the year 2001 to collect
more and more innovative ideas
It involves more than 300,000 employees around the
world to collect new ideas.
People from 104 countries and 67 companies
participate in this event.
Every year the people participating are increasing in
thousands and IBM gets more and more number of
ideas.
These ideas are not only involved with technology but
even Habitat, sustainability.
22. Crowd Sourcing Projects
Characterized By Innovation
This type of Projects are assigned for a particular
type of task and collecting Innovative ideas. There
are many types of ways to solve even to solve a simple
math Problem
This type involves tremendous skill or remarkable
experience in a particular field.
Technological and scientific fields are major areas
where we get these type of projects as Innovation and
creativity is involved.
23. Crowd Sourcing Projects
Characterized By Innovation
(Cont’d)
Major Companies and leaders in the world like Dell
even wants to know about their products and uses a
website for such ideas. www.Ideastorm.com has been
designed specially to collect Innovative ideas and
solutions to their products.
www.wilogo.com this website collects new ideas for
the new companies and for companies who want to
change their logo.
24. Crowd Sourcing Projects not
Characterized By Innovation
These type of Projects are not designed for a specific
task and no special skills are involved in projects. Its
more like a community help.
The best example of such projects is wikipedia.org
where people are editors and owners of the
information.
OpenstreetMap.org is another website which allows a
person to browse complete area map on surrounding
by using GPS satellites and its absolutely free.
25. Crowd Sourcing Projects not
Characterized By
Innovation(Cont’d)
Websites like www.clickworker.de is anotehr example.
In this tasks which cannot be performed by computers
are provided to the crowd in order to find a user who is
interested in that particular field and some times may
receive a little compensation.
www.askfortask.com is an example for small jobs
around the city.
26. Advantages
Access to enormous databases as thousands and
thousands of people are involved.
We understand what people need as they come up
with their own ideas.
More and more Innovative solutions for a problem.
Flexibility and multiple task can be accomplished in
small amounts of time.
Cheaper as most of the tasks are done through
internet.
27. Disadvantages
Reliability can be questioned as we may not be sure
whether a solution is correct or wrong.
Some projects could be amazing but some ideas could
be waste of time.
As its public there may be no control
Copyrights issue may occur.
28. Conclusion
Crowd sourcing is a new variety of value creation
which is characterized by different kinds of people.
Crowd sourcing might be risky sometimes but its quite
effective. If a proper motivation has been done crowd
sourcing can be a vital source of information and
knowledge in near future.
29. Few Example Videos
I have found some of the videos which define the
complete process of crowd sourcing
I am posting the links of the video.I don’t own the
videos I am just using them for reference and to get a
better understanding of the concept.
http://www.youtube.com/watch?v=-38uPkyH9vI
http://www.youtube.com/watch?v=Buyub6vIG3Q
http://www.youtube.com/watch?v=NVt6587GGg4
Disclaimer : All the credit goes to the video makers.
30. References
Business & Information Systems Engineering – Hammon ,
Larissa and Hippener , Hajo ,06/12, Volume 4, Issue 3,Pp163-166
Research Technology Management –Fiona , Maria
Schweitzer , Walter Buchinger, Oliver Gassman , Marianna
Obrist.05/12,volume 55 ,Issue 3.P32
www. Collaborationjam.com
Merrianwebster.com August 31,2012.
Disclaimer : In this presentation I have used certain
articles as a reference all the credit goes tot eh Authors. I
am using them for reference only . I don’t any rights of the
material.