Collective Intelligence Networks Summit – LA

KM Clusters is sponsoring the Collective Intelligence Networks Summit in Los Angeles on February 22 at Pepperdine University – LAX, 6100 Center Drive, Los Angeles. There are speakers from NASA's Jet Propulsion Laboratory, Cisco Systems and MIT, as well as several area experts including, Verna Allee, David Brin, and Dr. Harald Katzmair.

As the description says, “Entirely new ways to share, trade and aggregate information using collective intelligence networks are growing rapidly. These networks help companies, schools, governments, and individuals to acquire, to create and lead ever-growing bodies of knowledge.” Very true. It should be a good day.

Comments

[John T. Maloney]

Bill, here is how one company, General Electric, expands their central nervous system for collective intelligence with value networks and information markets.

GE calls them ‘Imagination Markets.’

"Since we knew that innovative ideas could come from anywhere, we asked lab managers, project leaders, individual contributors, contractors, summer interns, and other support staff to join in. Participants could propose ideas throughout the market. These ideas were represented as securities on the market. Participants bought and sold shares based on which ideas they thought would best satisfy the following criteria:

• Have a high $ impact to one or more GE businesses;
• Utilize advanced technology compatible with our organization’s focus areas;
• Demonstrate impact within 1-3 years; and
• Be focused on growth-related ideas.

The highest price security at the end of the market, based on the volume-weighted average price over the last 5 days of traded, was considered the “best” idea.

The individual who proposed the idea was awarded research funding to more fully explore the research topic. Participants were also awarded prizes based on the value of their portfolio. Some participants also won lottery-based prizes just for participating." From David Perry, ConsensusPoint.

These enterprise complex adaptive systems breakthroughs is what the SoCal sponsors will investigate on 22 Feb at their popular "Collective Intelligence Networks Summit." -- see:

http://www.pmcluster.com/LAX.htm

-j