Collective intelligence for idea management with Internet‐based information aggregation markets

Author:

Bothos Efthimios,Apostolou Dimitris,Mentzas Gregoris

Abstract

PurposeThe purpose of this paper is to explore the use of information aggregation markets (IAMs) for community‐based idea management and to present IDeM, a novel Internet‐based software tool that can be used for generating and evaluating new ideas utilizing the concept of IAMs.Design/methodology/approachStarting with a review of existing methods for collective intelligence, IAMs are identified as a prominent method for collective intelligence. Specific requirements for exploring IAMs for idea management are derived. Based on these requirements, a software tool for implementing IAMs in the context of idea management is developed (IDeM). IDeM has been evaluated and evaluation results are used to identify IDeM's benefits and limitations. A review of related work points out the innovative characteristics of IDeM.FindingsEvaluation results indicate that IAMs is an efficient method for idea generation and evaluation. Moreover IDeM is perceived both as easy to use and efficient in supporting idea generation and evaluation.Practical implicationsIDeM can be used by commercial or other organizations for supporting generation and evaluation of new ideas.Originality/valueIDeM's innovative aspects are: in addition to trading, it allows users involvement by means of new idea submission, rating of ideas and commenting on ideas; it confronts the uncertainty of new idea related events by offering an expert based valuation mechanism.; and it extends the typical output of IAM tools – which is price of idea‐stocks – by calculating the volume weighted average price.

Publisher

Emerald

Subject

Economics and Econometrics,Sociology and Political Science,Communication

Cited by 33 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. Impact of Collective Intelligence on Business Management;Big Data Marketing Strategies for Superior Customer Experience;2023-02-24

2. Technologies of collective intelligence in the management of business processes of an organization;Business Informatics;2022-06-30

3. Benefits of Web-based Idea Management System Application;European Journal of Management Issues;2021-09-17

4. Political preferences nowcasting with factor analysis and internet data: The 2012 and 2016 US presidential elections;Technological Forecasting and Social Change;2021-05

5. Idea Management System Application Type Impact on Idea Quantity;European Integration Studies;2020-10-22

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3