How crowed-sourcing can help cut costs and drive growth and innovation
Posted by precysetech on August 8, 2010
Read the full story on the New York Times: http://ow.ly/2mAyN
By Laura Rich, August 4, 2010
“InnoCentive, a crowdsourcing company based in Waltham, Mass., worked with Precyse Technologies, a wireless technology company based in Atlanta that wanted to conserve its own engineering resources, to develop a product that would activate a device remotely.
InnoCentive helped Precyse draw up a detailed description of its goals, and the project was listed on InnoCentive’s Marketplace. The price tag was listed as $50,000. Problem “solvers,” as InnoCentive calls its work force, selected Precyse’s project from among others in the queue. The result: hundreds of ideas for a technology that could activate a device remotely. “They delivered not just a solution, but also the algorithm and calculations that proved the solution could be done,” said Rom Eizenberg, chief marketing officer at Precyse.”
