The emergence of new smarter systems which are interconnected and streaming real time information are presenting business and governments with a unique opportunity to transform decision making. New opportunities to use this data to predict business outcomes, optimize old systems and spot trends before they happen are actually a reality. IBM’s new service line, IBM Business Analytics and Optimization Services will draw on the company’s deep expertise in vertical industries, research, mathematics and information management to help clients both improve the speed and quality of business decisions while better understanding the consequences and business outcomes of those decisions.
In 2007, U.S. universities performed $48.8 billion of research and filed 17,589 U.S. patent applications. In that same year universities received back revenues for licensing and royalties on patents of less than $2 billion. Those revenues include ongoing royalties from all of the research licensed over the past 40 years. The implication is clear. An astonishing amount of promising research is left in the lab.
(Posted by Blackberry 8330)
A couple weeks ago, IBM and InformationWeek sponsored a webinar, Optimize Business Performance by Building a Smarter Enterprise, to explore the topic of how companies are improving business processes and workflows in order to become a smarter, more agile enterprise.
You can view the video replay of the webinar. You need to register first by going to Optimize Business Performance by Building a Smarter Enterprise.
A featured speaker on the webinar was James Surowiecki, world-renowned business strategist and author of the best-selling book The Wisdom of Crowds. Also on the call was Jon Iwata, Chief Marketing Officer at IBM. Both of them spoke during the one hour videocast.
The way a company’s employees get their work done is a critical lever in optimizing business performance. But we all know you can improve business performance just by working harder or spending more on resources. You need to figure out how you can make your workforce work ‘smarter’. The secret is to create a collaborative and connected business environment that empowers people, embraces change and ultimately increases productivity.
Some facts about the way we work:
- The time we spend just looking for the right expertise and information to do our jobs adds up to two hours in a typical day
- A typical organization loses 5.3 hours per employee per week due to inefficient processes impacting how they work
- Two-thirds of people believe there are colleagues who can help them do their jobs better…but they don’t know how to find them
To work smarter, we’ll need smarter organizations — enhancing and benefiting from their people’s expertise, enterprise and creativity, rather than inhibiting them. Transforming the collaborative infrastructure and processes of our places of work will enable people to take advantage of the full scope of an instrumented, interconnected and intelligent planet. And the good news is that many organizations around the world are showing the way. The rest of us need to pay attention to these innovative companies and learn from their case studies…then apply what we have learned to our own companies.
For more on the Smarter Work topic, check out IBM’s Smarter Work website here.
The L Prize competition —sponsored by the U.S. Dept. of Energy — will substantially accelerate America’s shift from inefficient, dated lighting products to innovative, high-performance products. Just as Thomas Edison transformed illumination over a century ago, the L Prize will drive innovation and market adoption. The L Prize is the first government-sponsored technology competition designed to spur lighting manufacturers to develop high-quality, high-efficiency solid-state lighting products to replace the common light bulb.
The results are in and a winner has been announced in the $50,000 Intelligent Transportation Traffic Challenge.
Earlier this summer, the Intelligent Transportation Society of America (ITS America), in partnership with IBM and Spencer Trask Collaborative Innovations, launched a global challenge to identify innovative ideas for combating transportation congestion, and to find and fund a solution or start-up that can reduce environmental impact, strengthen economic productivity, move people more efficiently or prevent accidents.
The competition attracted 120 start-ups and solutions from 20 countries, and this was whittled down to nine finalists.
The winner, announced during an IBM session at the 16th ITS World Congress in Stockholm, was iCarpool (www.icarpoool.com). iCarpool received a cash prize of $50,000 as well as development and implementation support to pursue turning their innovative ideas into real-world solutions.
Millions of people drive alone for commute, long distance trips or personal trips such as a shopping trip or an event. iCarpool’s idea is an internet-based service that offers one site for carpooling, which can result in substantial monetary savings by sharing fuel, toll and parking costs. It says it is building infrastructure which provides one multi-modal view with the best options other than driving alone. Unlike a rideshare bulletin board, carpool listing service or zip code matching service, iCarpool uses high precision trip matching to find the best carpool match.
Check it out at www.icarpoool.com