By Ron Shulkin

Here are some thoughts on contributor’s perceptions when involved in crowd sourcing and collaborations…

It is an accepted fact at this point: tapping into the “wisdom of the crowd” or “crowd sourcing” is a great way to get to a reliable set of truths. By asking lots of people what they think about any given challenge, the group, acting as a holistic unit, will generally push the best idea forward.

A promoted idea will most often

• yield the best financial return,
• offer the best way to answer the challenge at hand and,
• ultimately point to the best path forward for the organization discussing the topic.

However, human nature can sometimes add a mix of positive and dangerous components into the process! By being aware of both effects, the company’s innovation managers can keep the process on track.

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By Peter Verschuere

Our clients don't worry about not getting enough ideas. When you deploy CogniStreamer at your company your problem might be too many ideas!

Fortunately our social science algorithms will help you promote the best ideas automatically taking into account which ideas were voted on, discussed, viewed the most, and so on.

This infographic illustrates in 10 steps how the principle of the Wisdom of Crowds can boost an idea.

Peter Verschuere is Team Coordinator at CogniStreamer®, an Open Innovation Management System. Learn more about CogniStreamer®, follow our tweets or join us on Facebook.