Companies will now have 5 billion people to test their good ideas-and bad ones
Open innovation, the practice of crowdsourcing business solutions and new ideas outside the four walls of a company, has revolutionized the way companies and governments innovate. Will this trend continue? Yes-and at massive scale. However, the way companies manage the potential of a billion more innovators could either spark breakthrough innovations or ignite mass confusion. Hear ideas about the evolution of problem solving as Quartz invites today's leading experts on crowdsourcing and open innovation for a rotating interview to unpack how connectivity and collaboration are disrupting traditional business practices.
Peter Bale, CNN International
Alph Bingham, Innocentive
Anand Shah, Sarvajal
S. Mitra Kalita, Quartz (Moderator)
Peter Bale is the incoming chief executive officer of The Center for Public Integrity, based in Washington. Bale is joining the center in February from CNN, where he headed digital operations outside the United States. A former Reuters correspondent and editor he was a founder of FTMarketWatch and was online editorial director of The Times and The Sunday Times. He spent four years at Microsoft running MSN editorial in the UK and then as global editorial director.
Alpheus Bingham, PhD., is the Founder and a Member of the Board of Directors of InnoCentive, Inc. He is a strong advocate of open innovation and founded InnoCentive, Inc., along with other ventures that create the advantages of open and networked organizational structures, including: YourEncore, Inc., Coalesix, Inc., Maaguzi, Inc., Indigo Biosystems, Seriosity, Chorus and Collaborative Drug Discovery, Inc. He currently serves on the Board of Directors of InnoCentive and Collaborative Drug Discovery, Inc., and the advisory boards of the Center for Collective Intelligence (MIT) and The Business Innovation Factory. Dr. Bingham has over 25 years of experience with Eli Lilly and Company in pharmaceutical research and development, research acquisitions and collaborations, portfolio management, and R&D strategic planning. In April 2011, Dr. Bingham co-authored with Dwayne Spradlin the groundbreaking book, “The Open Innovation Marketplace,” published by FT Press. Dr. Bingham received a B.S. in chemistry from Brigham Young University, and a Ph.D. in organic chemistry from Stanford University.
S. Mitra Kalita
S. Mitra Kalita is the ideas editor at Quartz. She worked previously at The Wall Street Journal, where she oversaw coverage of the Great Recession, launched a local news section for New York City and, most recently, reported on the housing crisis. She also launched Mint, a business paper in New Delhi, and has previously worked for the Washington Post, Newsday and the Associated Press. She is the author of three books related to migration and globalization, and speaks seven languages (but only four of them well). She is an adjunct professor of journalism at St. John's and Columbia universities, and previously served as president of the South Asian Journalists Association. Born in Brooklyn, Mitra was raised in Long Island, Puerto Rico and New Jersey—with regular trips to her grandparents’ villages in Assam, India. She lives (and eats) in the Jackson Heights neighborhood of New York City, along with her artist husband and two daughters. She tweets @mitrakalita and her website is www.mitrakalita.com.
Anand Shah is CEO of Sarvajal and Piramal Foundation. Sarvajal aims to bring clean water to rural parts of India in order to stop the diseases spreading due to unsafe water. The private foundation of Piramal Foundation builds a platform for India's youth to participate in progress of the whole nation. He is also on the board of members for Indicorps, non-profit organization for Indians around the world to participate in India's progress.
Alph Bingham, Co-Founder of InnoCentive, explains how most of the time, the solutions his company has been able to crowd source, come from innovators working outside their specialized field. Additionally, these innovators are often people the company, such as Intel, would never initially think to hire.