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 efficient business operations. Here is an analysis of some of the real management applications of Big Data:
Have you ever wondered where great ideas come from? If your company has ever stalled for the lack of innovation, then you’ve probably thought about it from time to time. Innovative ideas can come from nothing, or from a long process of brainstorming and debate, but it always seems like some industries are consistently coming out with the best new products and processes, while others lag far behind. This isn’t your imagination; some industries are moving much more quickly than others. But which industries are the most innovative, and what sets them apart?
Alongside the annual Innovation Leaders analysis of large organizations’ performance, we also identify upcoming companies that are seen as potential future catalysts for change. While these are organizations that are yet to achieve global scale, they are already making significant impact. They are the companies that are inventing new technologies, applying new business models and creating value in new ways that may well have significant global influence in the years ahead. Some are new ventures; others have been around for a few years and are building momentum.
This month we’ve seen how the crowd continues to contribute in the political arena and in further developing clean and safe cities. The trend of incorporating “citizen scientists” in the search for data and groundbreaking ideas is expanding from the glaciers all the way to Mars. This month we’re seeing a large number of medical studies calling for crowdsourced data, and finally we can learn from ZTE’s failure to crowdsource a smartphone.
These days, when migrants arrive at a refugee camp, one of the first things they ask for is access to WiFi and electricity to recharge their cell phones. Their smartphone is as basic a resource for survival as food and water. This is a vivid reminder of the fact that we are fully immersed in a digital world.
Merck KGaA, Darmstadt, Germany is a leading science and technology company in the sectors of healthcare, life science and performance materials. In this interview, Dr. Christoph Huels, Chief Innovation Officer at Merck KGaA, Darmstadt, Germany, discusses entrepreneurial thinking, strategy, ecosystems and culture in the digital era.
2016 was a big year for crowdsourcing. In our final edition of What’s New for the year, we clearly see how crowdsourcing is being used to create transparency and provide citizens with an active voice in our local governments. Crowdsourcing continues to play an important part in new product development for large and small companies, and our new capacities to collect scientific and locational data is proving to be game-changing. Check out the latest news stories from around the world.
Attention innovators: here’s your chance to showcase tech & science projects and benefit from international promotion among a tech-oriented crowd, media, industry representatives and business professionals for free. The digital campaign, “Bringing tech&science closer to people,” carried out under the auspices of UNESCO, is here to celebrate innovators and inventors and the world-changing solutions they are working on.
Ron Gutman, founder and CEO of HealthTap, discusses the need to balance broad strategic thinking with a granular-level understanding of the fundamental human experience that a new product seeks to improve or create. As an example, Gutman explains how his digital-health app is just an extension of the archetypal interaction between healer and patient.
Med-tech entrepreneur Michael Ackermann cites the various reasons why healthcare has yet to be disrupted by technology akin to how Amazon, Netflix and other companies have transformed their respective industries. Now vice president of neurostimulation at Allergan, Ackermann lists healthcare’s diverse and complex array of consumers, industry regulations, ethical and legal privacy concerns, and the fact that medical science moves at a much slower pace than software development.
When Céline Schillinger looked around her workplace she saw that the system didn’t value the diversity of competencies that different people could bring. They were being wasted. The system was focusing on a very narrow bandwidth of talents and always promoted the same kind of people, coming from the same background, and with the same kind of thinking. She decided to do something about it. Céline was called a troublemaker by her bosses, but thanks to her passion to grow and improve on rigid corporate systems, she was awarded Woman of the Year — La Tribune Women’s Awards in 2013. Céline is now the Head of Quality Innovation & Engagement at Sanofi Pasteur, the vaccines division of the multinational pharmaceutical company Sanofi.
October 4, 2016: These days the wisdom of the crowd is helping with everything from decoding war correspondence from 150 years ago to studying breast cancer and preventing terrorism. The conservative parties in both the US and UK are even asking the crowd for help— on topics previously reserved for top strategists.
Innovation is all about survival – how often do we hear versions of that line? But in the field of humanitarian aid this really is the case. Innovation can sometimes be a matter of life and death. It’s a world characterised by crisis – but it’s also somewhere from which we might learn some new lessons to help manage innovation.
August 16, 2016: Are you a crowdsourcing enthusiast? If so, you probably find it hard to keep up with the latest news because the crowd is literally contributing to positive change all over the world. For this reason IM.se is launching a new blog to give you a rundown of recent stories and help you find the best platforms to contribute your own ideas.
We seem to have a problem. Health care costs are doubling every thirteen years in the US, (Regalado 2013). By 2030 they will devour a third of the US federal budget (Regalado 2013). In spite of this, the US was ranked last in 2011 by the Commonwealth Fund in quality of health care among similar countries (Wikipedia 2013). We can sense the impending disaster and it seems the hope is that our usual panaceas for all problems, policy, technology or better education, will someday deliver us from our pains. But how?