Drinking From The Firehose With InnovationSpigit 2.0
Spigit brands itself as a purpose-built social networking tool for the enterprise, but it's more than that. It's a fully customizable engine for idea and innovation management. Since we first noticed it in 2007, it's grown to be the solution of choice for 15% of the Fortune 500, and added a unique set of features that have led to InnovationSpigit 2.0.
Through a SaaS web application, Spigit adds social and algorithmic filtering to let companies develop a granular process for developing new concepts, and lets managers of that process see detailed metrics on the state of an idea. InnovationSpigit 2.0 adds a richer virtual incentive system to the mix, one that draws everyone in the enterprise into managing innovation.
Rather than using a generalized app and soft social networks to nurture new concepts, which can quickly become chaos in environments with thousands of participants, Spigit uses a virtual currency system of reward, an algorithmic reputation system for users, and Digg-like voting on individual proposals to strictly organize information.
It's the application of game theory to a virtual currency system that really differentiates Spigit from other innovation management solutions, like BrainBank, Brightidea, and Imaginatik. While at first users might find it strange to be pushing an idea towards acceptance with virtual stock purchases, they're likely to find it less so when they discover they could potentially buy real world rewards and swag with the returns.
If there's one criticism to be made of Spigit, it's that the product is so feature-rich that it's not well suited to the small enterprise. Both the price point and the power of Spigit are probably overkill for anyone but those with extremely large overhead when it comes to information management.
But the good news for those who do have that kind of overhead (like if you're Pfizer) is that Spigit offers a pretty robust solution for managing the flow of ideas that makes the enterprise tick.
1 TrackBacks
TrackBack URL for this entry: http://www.readwriteweb.com/cgi-bin/mt/mt-tb.cgi/11658
Facebook
Sponsored by
-
French Government Chooses Mozilla To Replace IBM and Microsoft For 130,000 Desktop PC's
October 30, 2009 / 12 Comments -
Is the Relational Database Doomed?
February 12, 2009 / 111 Comments -
Proton Media: The Most Advanced Collaboration Technology in the Market?
October 30, 2009 / 11 Comments -
Netvibes Goes From Web 2.0 To Enterprise 2.0 In Partnership With Sage Software
November 3, 2009 / 5 Comments -
Microsoft Embraces Open Source (in the Online Ad Business)
November 2, 2009 / 8 Comments
-
French Government Chooses Mozilla To Replace IBM and Microsoft For 130,000 Desktop PC's
October 30, 2009 / 12 Comments -
Novell Pulse: Security and Backup to Google Wave
November 4, 2009 / 5 Comments -
Second Life Goes Behind The Firewall
November 4, 2009 / 4 Comments -
Box.net Partners with Salesforce.com: The Next Step for SaaS and the Enterprise
October 22, 2009 / 7 Comments -
Is Enterprise 2.0 A Crock?
November 4, 2009 / 2 Comments
Comments
Subscribe to comments for this post OR Subscribe to comments for all ReadWriteEnterprise posts
Having developed a site utilising the crowd for idea sourcing, I can attest to how quickly this sort of thing becomes difficult to manage.
It does look very interesting, and I have at least one client that would be interested in using this type of service, but they are a small business, so this looks out of their price range.
I can't be sure since their "pricing" page, doesn't actually have any pricing information!
I will check out the other links provided, maybe they are closer to requirements.
Ronan,
Susan Scrupski has some pricing info on her blog:
http://itsinsider.com/2009/04/20/putting-20-to-work-spigit/
Thanks Sameer.
Looks pricey from my perspective/requirement, but I can see how many corporations will get a decent ROI on their investment.
I'm sure there will be more service providers targeting the lower end of the market in the coming year or so, I may stick with what I have til then.
Looks pricey from my perspective/requirement, but I can see how many corporations will get a decent ROI on their investment.
I'm sure there will be more service providers targeting the lower end of the market in the coming year or so, I may stick with what I have til then.
It's the application of game theory to a virtual currency system that really differentiates Spigit from other innovation management solutions
Thank you very much.it is looks very good
"so when they discover they could potentially buy real world rewards and swag with the returns."
So when... But good luck.
Great post, Steven, and thanks for the shout out. We’ve been talking about the promises of innovation management for a decade, and are glad others are taking notice of the opportunity involved.
Small enterprises may not be adopting innovation management solutions at the rate of large enterprises and Fortune 500s, but we’re seeing a lot of companies (ex:ideas.acrobat.com) who see innovation management as value-add to their brands, and we’re confident small enterprises will get there someday as collaborative work environments become the norm.
- Matthew Greeley, Brightidea.com