Business Models

Innovation Lessons from the Outcome of the Netflix Prize

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You probably heard about the contest that Netflix started in 2006 to crowdsource improvements in their recommendation algorithm. They offered a $1 million prize to anyone that could improve the accuracy of the recommendation algorithm by at least 10%. In 2009, a team of people hit the target, and won the prize. Awesome, right? The team got their big check, Netflix got their performance improvement, and everyone ended up happy. Well, sort of.

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Innovation Insights WEF Latin America 2012

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The seventh World Economic Forum on Latin America took place in Puerto Vallarta, Mexico, on 16-18 April 2012. The meeting, held under the theme “Regional Transformation in a New Global Context”, convened a record number of participants for this regional gathering, with close to 900 top regional and global leaders from 70 nations.

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Phase 1 Innovation Analytics

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How do you analyze innovation at a large multi-national corporation? I've been using Data Analytics Life Cycle to internally construct a strategy for analyzing global innovation processes and methodologies at my own corporation (EMC). I've published some of the results...

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You Need To Innovate – Now What?

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A lot of people talk about innovative companies. All the management magazines and books refer always to the same select group of Apple, Google, 3M, Microsoft, P&G, BMW, Facebook, Virgin, Samsung, WAL-MART, Toyota, Amazon, INTEL, Starbucks and a few others. But so few people really work in them. This means a whole lot of people are working in not so innovative organisations. You are probably one of them, or a consultant advising them.

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