Picture of Bono
U2 singer Bono was one speaker at this year's WEF

Technology collaboration will be the driving force behind business

The World Economic Forum showcases a future of shared working practices

Written by Neon Kelly

User-centric technologies, crowd-sourcing, shared working practices: next-generation collaboration tools such as these may be in their infancy, but they will change the business of business forever.

At its high-profile annual conference in Davos last week, the World Economic Forum (WEF) published its Technology Pioneers report, showcasing companies exploiting the latest technical capabilities in biotechnology, energy and IT. The power of collaboration was the central theme.

“The work undertaken by these companies holds the promise of significantly affecting the way business and society operate,” said WEF managing director Andre Schneider.

“Each innovation is another step in society’s attempt to harness, adapt and use technology to change and improve our world.”

WEF’s main argument is that the internet creates an almost unimaginably vast source of innovation. It also enables different types of products and services, creates giant data sets and gives firms access to the skills and ideas of enthusiasts and volunteers across the world.

What is not yet clear is how businesses can make the most of such potential.
Of the three UK firms included in the report’s 39-strong list of pioneers, two are technology companies.

One is Garlik, an online identity tracking and management service. The other is Imaginatik, one of the first companies to explore the potential for corporate problem solving using collaborative software tools.

Other notable inclusions are:

- The Wikimedia Foundation, whose projects include the multi-sourced online encyclopaedia site, Wikipedia.
- Polar Rose, a joint initiative from universities in Poland and Sweden that analyses digital photos. By helping its software to identify people, the project’s user base will support a new search engine for finding online images.
- AdMob, a US startup, creating a marketplace for buying and selling mobile web advertising. It manages 1.6 billion ads, allowing content producers to target users in more than 160 countries.

Collaborative working is not a new idea. Focus groups have used it for many decades, and the old adage that “many hands make light work” has been around for centuries.

But consumer access to sophisticated technology and the internet is taking the concept to an unprecedented scale.

And with traditional business models shifting to exploit customer participation, the industry is in an “innovation Big Bang”, according to Matt Bross, chief technology officer at BT, which sponsors the Technology Pioneers report.

“The power in a site such as eBay comes less from algorithms and computers, than it does from people and the objects they sell,” said Bross. “Facebook is powerful because of the sheer number of users it has.”

The changing environment requires a flexible approach from companies.
“The innovation genie is out of the bottle globally, so there has to be a fundamental move from closed models to open ones,” said Bross.

“You have to seek innovation around the planet, wherever it is, and use it together with the best men and women within your organisation.”

But not everyone is convinced that user-centric technology is all for good. There are major pitfalls in relying on the input of many individuals, according to London School of Economics professor of information systems Ian Angell.

“Such projects are not controllable,” he said. “The idea that someone can manipulate them over the long term, to their own ends, is naïve.”

User-centric systems undoubtedly can serve a purpose, but firms may be wise to take an even-handed approach.

“The best that business leaders can hope to do is to steer the course of events,” said Angell. “Build up a portfolio of approaches, watch to see which ones are successful, and stop the moment it appears they are failing.”

The inherent complexity of crowd-sourcing and collaboration can also be a significant hurdle, said Imaginatik chief executive Mark Turrell.

“Communication problems are tricky enough when you are working with six or seven people that you know well,” he said.

“When you scale the problem up to 1000 people, where 30 of them work for you and the others are based in different countries and departments, you get a lot of complex issues.”

Tags:

reader comments

related articles

Picture of a crowd of people

Web 2.0 taps the wisdom of crowds

Crowdsourcing allows companies to gain more insight from customers 11 Oct 2007

 

Two UK companies make the top technology pioneers list at Davos 2008

Imaginatik and Garlik were among the companies recognised at the World Economic Forum 31 Jan 2008

Finding the right strategy

The government-backed Technology Strategy Board wants to play a vital role in the development of innovation in the UK 13 Dec 2007

Web 2.0 is ignored by businesses

Only 32 per cent of companies are using next generation online tools 15 Nov 2007

Two UK companies make the top technology pioneers list at Davos 2008

Imaginatik and Garlik were among the companies recognised at the World Economic Forum 31 Jan 2008

Wikipedia celebrates seventh birthday

Public encyclopaedia outlasts critics [citation needed] 16 Jan 2008

Wikipedia celebrates seventh birthday

Public encyclopaedia outlasts critics [citation needed] 16 Jan 2008

related whitepapers

today's top stories

WiMax: Threat or opportunity?

We examine the merits of WiMax and its benefits relative to other wireless technologies in our latest video 13 Oct 2008

Learning from the credit crunch to avoid a broadband crunch

While it might be the most pressing issue de jour , the financial system isn’t the only area where government needs to... 10 Oct 2008

How careerism can warp IT procurement

Many working in IT put their career interests before those of their employer when weighing up purchasing options 10 Oct 2008

The definitive guide to software development

Five key trends and five best practice tips to help you improve your programming capabilities 09 Oct 2008

Computing podcast - IT implications of the banking crisis, and the FSA clamps down on IT security

We discuss the effect of shotgun mergers and acquisitions on financial services IT staff, and examine the industry regulator's plan to fine directors for information security breaches 09 Oct 2008

Advertisement

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Jobs

Related jobs

Job of the week

Job alerts

Sign up here

Find your next job


IT Salary Checker

Check salary here

Advertisement

White papers

Search white papers

Top categories

VPN, Extranet and Intranet Solutions

WAN/ LAN Solutions

Network Security

Interoperability-Connectivity

Grid/ Utility Computing

Latest poll

Are you worried about your job prospects in IT over the next 12 months?

Are you worried about your job prospects in IT over the next 12 months?

Will the economic crisis affect your job prospects?

Previous poll results

Latest audio and video articles

Remote workerVideo

WiMax: Threat or opportunity?

We examine the merits of WiMax and its benefits relative to other wireless technologies in our latest video 13 Oct 2008

programming codeVideo

The definitive guide to software development

Five key trends and five best practice tips to help you improve your programming capabilities 09 Oct 2008

Latest in-depth articles

Financial Services Authority buildingAnalysis

FSA threatens executives with fines

Senior management to be held accountable for security lapses at banks 09 Oct 2008

Comment

Broadband must be a spending priority

For the economic health of the nation, the government would do better to bankroll an optical fibre rollout rather than prop up profligate banks 09 Oct 2008

Advertisement

Primary Navigation