Day 2 in Hong Kong

The day started a little bit later than expected. This first class was about the innovation process. Since I have had the pleasure to see Mercedes, Chrysler and BMW innovation process. My learning from that was having a transparent and defined process will improve a companies performance. It is also a valuable tool to be able to compare projects with each other. It guides the process of development. On the other hand it is important to provide "thinking time" within the process.

The Web 2.0 has revolutionized the knowledge management. It has provided the opportunity to engage and participate in the content on the web.

Wikipedia one of the most known tool nowadays to share information. It has challenged big Encyclopedias like Encyclopaedia Britannica. By the way for our German speaking friends, http://www.leo.org/ is an excellent page to help on assignements.

Companies are benefiting from this as well! Documents are shared via platforms like google.docs. Information can be shared a lot faster.

Collective intelligence aggregate collective ‘wisdom’ competitively. “Crowd wisdom” puts together insights of many, usually cooperatively, in various ways. For a definition of Collective intelligence use the link.

A good case to show collective intelligence is the "bean in a jar" test. Paul won it! And received the proposed scype phone!!!! Congrats!

We talked al lot about American elections in this course. An interesting development with the web 2.0 is sharing of videos as well. It can be stated that "youtube" is influencing the elections! The best video is posted by barely political and is showing the Obama Girl!!!

Social software is the hottest item on the market. Aggregation Mechanisms will help to understand the customer through the customer, this software helps you deriving it.

Following are the main aggregation mechanisms listed...

1. Averaging (Jelly beans, Predictify)
2. Market or auction (prediction market)
3. Voting (Millionaire Game)

The exchange of information will benefit the whole group, the ants example, they follow each other and optimise the straight way back "HOME"!

IBM is researching on networks of knowledge relationships, they developed a model as well.

This was it for the second day!

Lets move on...