By Mark McGovern (auth.), Theo J. Bastiaens, Ulrike Baumöl, Bernd J. Krämer (eds.)

Welcome to the court cases of the inaugural Symposium on Collective Intelligence (COLLIN 2010). This used to be the 1st of a brand new sequence of occasions that may evolve over the arriving years, and we have been chuffed to carry the development in Hagen the place the belief for this symposium used to be born. The individuals visited Hagen in April, with very good possibilities to get rain, wind and sunlight. Collective intelligence denotes a phenomenon in keeping with which the functional interplay among members creates clever strategies and behaviors that may no longer have come to lifestyles with out this concerted attempt of a group. The contributors of such groups shape a social community, ordinarily over the web. they're interact with one another over a sustained time period to enhance a space of innovation via collaboration and trade of rules, stories and knowledge. modern details and conversation applied sciences (ICT) supply plentiful possibilities for permitting collective intelligence. COLLIN goals to develop into the flagship convention within the components collective intelligence and ICT-enabled social networking, that's attracting a growing number of researchers and practitioners from either academia and industry.

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The tabular presentation shows that a crowd creates a solution. The reason that leads individuals to participate is a financial award. The basis of the process is a contest. Management is part of a hierarchy within an organization. It gets a financial compensation in form of salary. Table 1. Building blocks of web-based collective intelligence at the example of InnoCentive InnoCentive Who Why Crowd Management Money Money What Create Decide Solution Who gets rewards How Contest Hierarchy Concerning the web-based collective intelligence, the visual representation gives a broad overview for an observer.

The customer is not only consumer of products and services. He is rather directly or indirectly part of the production process. 0 is here the high degree of user participation [11] and the results of the participation process. 0 this phenomenon is called collective intelligence (e. g. [16]). Roughly, in this context collective intelligence can be explained as a general term for user participation and the resulting added value. Examples like the T-Shirt retailer “Threadless” or the open innovation marketplace “InnoCentive” show the potential of these business models.

The Wisdom of Crowds. Anchor (2005) 13. : Open Innovation: Researching a New Paradigm. Oxford University Press, Oxford (2008) 14. : Open Innovation: The New Imperative for Creating and Profiting from Technology. Oxford University Press, Oxford (2006) 15. : The Wisdom of Consumer Crowds: Collective Innovation in the Age of Networked Marketing. Journal of Macromarketing 28, 339–354 (2008) 16. : Democratizing Innovation. MIT Press, Cambridge (2005) 17. : Free Competition and the Optimal Amount of Fraud.

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