Premium Essay

Disruptive Innovation: a New Era of Crowdsourced Data Analytics!

In:

Submitted By maltchem
Words 1574
Pages 7
Disruptive Innovation: A new era of Crowdsourced Data Analytics!

Abstract: The existing business paradigm of data analytics is set for a transformation. Today, companies are experimenting to replicate the “Outsourced data analytics” model to “Crowdsourced data analytics”. Companies like Kaggle, Crowdanalytix and others are hitting the headlines of top analytics blogs across the globe. The reason is that the new business model promises a drastic decrease in the cost of analytics for companies long with the flexibility to get the problem solved anytime with much less effort. In short, it’s not just crowdsourcing that is the novelty of the concept, but the manner in which it is put to use that steals the show.
Abstract: The existing business paradigm of data analytics is set for a transformation. Today, companies are experimenting to replicate the “Outsourced data analytics” model to “Crowdsourced data analytics”. Companies like Kaggle, Crowdanalytix and others are hitting the headlines of top analytics blogs across the globe. The reason is that the new business model promises a drastic decrease in the cost of analytics for companies long with the flexibility to get the problem solved anytime with much less effort. In short, it’s not just crowdsourcing that is the novelty of the concept, but the manner in which it is put to use that steals the show.
General Management
General Management
MBA Core, 2nd Year
MBA Core, 2nd Year
Ayush Malhotra
NMIMS,Mumbai

Ayush Malhotra
NMIMS,Mumbai

Strategy Article On:
Strategy Article On:

Disruptive Innovation: A new era of Crowdsourced Data Analytics!
On Thursday, November 3,2011 news came out that Kaggle has bagged $11 million through VC funding. The money came from Silicon valley VCs Khosla Ventures, Index Ventures,SV ventures and others including Paypal. Kaggle entered the business of solving complex data

Similar Documents

Premium Essay

How Ideo Used the Metrics of Design & Design Thinking for Effective Collaboration:

...INTRODUCTION www.openideo.com is a web-based innovation platform developed by the foremost design firm IDEO.The site is an open innovation platform where people come together to collaborate and design together. Launched in 2010 (IDEO, 2011), the site have received much recommendations from the media, the learning and design community, Due to its effective design, global adoption and ultimate purpose that it has actually helped solve some of the world’s greatest social challenges. The site has become a reference point for effective collaborative-participation and crowd souring for social-good. LETS’S OPEN IT.. Courtesy: ideo.com, 2011 OVERVIEW Openideo.com was designed as a site where people will collaborate, share ideas and draw inspiration from the crowd in the process of solving a challenge. The challenge question often sponsored by a non-profit, represents the purely social nature of the site. The IDEO designers in London observed that there is a tremendous human-resource online (AIGA,2011). The online community spends hour’s facebooking, tweeting and linking-in and they decided to turn that opportunity into a platform for social-good. The site was created with the view of including a wide range of people in the design process. The high-points of the site is mostly the level on which it engages the online community...

Words: 2176 - Pages: 9

Premium Essay

Next Shoring

...advances, such as more powerful robotics and the Internet of Things, are creating a range of new opportunities for manufacturers to digitize operations. Why it matters Manufacturing strategies built on labor-cost arbitrage are becoming outmoded; the race is on to get ahead of what comes next. What to do about it Place greater emphasis on proximity to both demand and innovation while: • Making location decisions that balance economies of scale against the growing diversity of tastes within and across global markets Building supplier ecosystems that combine technical expertise with local domain and market knowledge Developing the people and skills needed to make the most of technological advances across the organization • • © Bruno Ehrs/Corbis 2 When offshoring entered the popular lexicon, in the 1990s, it became shorthand for efforts to arbitrage labor costs by using lowerwage workers in developing nations. But savvy manufacturing leaders saw it as more: a decisive change in globalization, made possible by a wave of liberalization in countries such as China and India, a steady improvement in the capabilities of emerging-market suppliers and workers, a growing ability to transfer proven management processes to new locales, and increasingly favorable transportation and communications economics. Something of equal moment is occurring today. As we settle into a “new normal” catalyzed by the global financial crisis, the ensuing recession, and an uneven global...

Words: 4145 - Pages: 17