GLASTONBURY, Conn., June 11, 2012 /PRNewswire/ -- TopCoder®, Inc., the world's largest Community of digital creators for open innovation today announced company Founder and Chairman Jack Hughes will provide a preview of the company's new methodology and platform for Enterprise Open Innovation (EOI) at the MIX Mashup in San Francisco on June 19th. Hughes will preview the powerful nature of EOI as a new management model driven by value chains which share benefits amongst participants and enable companies to realize faster and repeatable innovation with greater returns with far lower risk.
The invitation only MIX event features fresh thinking and stirring storytelling from in-the-trenches innovators who will share their vision of Management 2.0 and unpack the fundamental design principles for 21st century organizations.
Enterprise Open Innovation is an open online platform ideally suited to open and transparent business strategies such as Gov2.0, Challenge-based open call competitions and access to talent in the cloud. Underlying EOI is the concept of broadcast search that connects domain experts and idea generators through collaborative platforms that feature new approaches to solve complex business and social challenges that would be difficult, if not impossible, to achieve traditionally. At TopCoder, EOI is enabled via a member community of over 400,000 digitally creative people who participate through well-honed processes for the creation of innovative digital products and services for a growing high-profile client base and their customers and constituents. Content, assets, applications and analytics are combined to produce outstanding results for customers. Value chains are supported through collaborative co-creation and the re-use of digital assets where the consumer of a downstream asset may be the producer of an asset used upstream. Projects developed using EOI also share the appropriate metrics, measurement, intellectual property controls and security that drive faster time to market along with the benefits of economies of scope and scale.
By coupling internet communities with robust search methodologies, incentives and process, EOI has changed the concept of open collaboration and in support of innovation. By breaking a large project previously developed by one person into a series of specialized subprojects performed by an online community of many highly talented individuals, the enterprise can realize significant improvements in quality, speed, and cost. As a result, repeatable, sustainable innovation can be woven into the fabric of an organization.
Founder and Chairman of TopCoder, Inc. Jack Hughes is a pioneer and expert in the field of open innovation and its application to the discipline of software development. He is an authority on competitive collaboration in transparent enterprise systems amongst global virtual communities. Hughes is also a leading authority on the management systems necessary to manage a large, virtual workforce, and the requisite approach necessary for companies to engage and get the best out of professional networks by understanding both the cultural aspects of the changing work environment as well as the structure of work itself.
About the MIX Mashup
The MIX Mashup will gather the vanguard of management innovators—pioneering leaders, productive rebels, courageous experimenters, and agenda-setting thinkers from every realm of endeavor and is designed to showcase advanced thinking and ambitious experiments—and to inspire, instruct, and connect aspiring management innovators in the collective project of reinventing management for a new age. For more details visit http://www.mixmashup.org/index.php .
About TopCoder, Inc.
TopCoder is the world's largest Open Innovation Community of digital creators with over 400,000 members representing algorithmists, software developers and creative artists from over 200 countries. The TopCoder Open Innovation Community creates digital assets including analytics, software and creative designs and solutions for a wide-ranging client base through a competitive, rigorous, standards based methodology. Combined with our extremely talented community this groundbreaking methodology results in superior outcomes for our clients. For more information about sponsoring TopCoder events and utilizing TopCoder's software services and platforms, visit www.topcoder.com.
TopCoder is a registered trademark of TopCoder, Inc. in the United States and other countries. All other product and company names herein may be trademarks of their respective owners.
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SOURCE TopCoder, Inc.