Thu.Jun 15, 2017

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Crowdsourcing vs. Open Innovation: What’s the Difference?

IdeaScale

Open innovation vs. crowdsourcing can be a tough call. What’s the difference between crowdsourcing and open innovation? It can feel like a simple question, but it’s a bit more complex than you might expect. Here’s a deeper look at how these two concepts differ. Crowdsourcing Vs. Open Innovation. The key difference between the two is the audience.

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What accelerates innovation

Jeffrey Phillips

Lately I've been reading about the efforts to build or create innovation accelerators. Universities, businesses and even cities and regions are talking about innovation and the need to create accelerators or innovation enablers. I'm glad that everyone is excited about innovation, and that they want to provide the means to help it flourish and help it move more quickly.

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Bad idea of the Week: Kronum – an overly complicated sport nobody wanted

Idea to Value

In “Bad Ideas of the Week”, we highlight the inventions which people tried to get off the ground but which failed and we can learn from. This week, I want to bring you the story of a new sport which was doomed from the start as a concept. It is called Kronum, and was designed to be the ultimate sport, combining aspects of soccer, basketball, rugby and some would even say Quidditch.

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Four Models of Intrapreneurship Innovation

Integrative Innovation

Research shows that growth fueled through organic innovation is more profitable than growth driven by acquisition, in part because the organizational capability required is vastly different. But the litmus test is: How can established organizations build successful new businesses through corporate entrepreneurship, also referred to as Intrapreneurship , on an ongoing basis?

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Peak Performance: Continuous Testing & Evaluation of LLM-Based Applications

Speaker: Aarushi Kansal, AI Leader & Author and Tony Karrer, Founder & CTO at Aggregage

Software leaders who are building applications based on Large Language Models (LLMs) often find it a challenge to achieve reliability. It’s no surprise given the non-deterministic nature of LLMs. To effectively create reliable LLM-based (often with RAG) applications, extensive testing and evaluation processes are crucial. This often ends up involving meticulous adjustments to prompts.

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How Ideation Transformed the Culture of the Largest Bank in the Southern Hemisphere

Planview

89% of Spigit customers are leveraging ideation to create a culture of innovation. That’s a stat we uncovered in our 2017 Business Innovation Report. Establishing a culture of innovation is a hot topic. It’s on the shortlist of strategic initiatives executives around the world are implementing to transform their organizations. However, it takes investment both from a resource and effort standpoint.

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Towards A Spiral Economy

100%Open

Today’s Ellen MacArthur Foundation Summit 2017 brought together a truly global tribe of attendees all interested in the concept of building a circular economy. This is an idea about creating an economy that consists of a continuous system of reuse and recycling of technical and biological materials as demonstrated in the following graphic. It was an exquisitely curated event, and hosted at the wonderful Roundhouse venue in London, I felt right at home with my 100% biodegradable spectacles (made

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Real Management Applications of Big Data

InnovationManagement

Big Data has had a big impact on the competitive landscape. Businesses that have embraced this explosive technology of digital media are better positioned to market faster with products and services that satisfy customers' needs adequately. Wise management of time is very critical in staying ahead of the competition. Utilizing Big Data solutions in processing digital data is one way of enabling managers or organizations and business owners to make quick, informed decisions that streamline effici

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What Horses, Camels, and Birdwatching Teach Us About Innovation

Innovation Excellence

One of my favorite quotations is that a camel is a horse designed by a committee. This oft-repeated maxim serves as a succinct statement of the sub-optimization that can occur when one relies on a myriad of individual opinions to develop a solution. The story assumes that a group of people gets together with the.

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Mind the Gap

100%Open

Corporations and start-ups need each other more than ever. So why are corporate and start-up collaborations so difficult to get right and prone to failure? Large companies require the creativity and agility that a smaller partner can bring. And smaller companies can benefit from the scale, brand and investment that a larger partner can bring. We have learned that there are three big gaps in understanding that need to be better managed by both start-ups and corporates for collaborations to be suc

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Listen to Your Subconscious Mind

Idea Champions

If you study the lives of people who have had Eureka moments, you'll discover that their breakthroughs almost always came after extended periods of intense, conscious effort. They worked. They struggled. They abandoned all hope. They recommitted -- and then the breakthrough came. And often at the most unexpected of moments. They weren't buying lottery tickets at their local deli, hoping to win a breakthrough fortune.

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From Data to Decisions: Maximizing Retail Potential with AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and guest speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.