Click here to close now.




















Welcome!

@ThingsExpo Authors: Esmeralda Swartz, Liz McMillan, Pat Romanski, Elizabeth White, Rolando Kahn

News Feed Item

Managed Services, Grand Challenges, Innovation Contests and Multiyear Programs Propel NineSigma's Growth

Open Innovation Leader Delivers Business Value for Worldwide Client Base

CLEVELAND, Aug. 21, 2014 /PRNewswire/ -- NineSigma, the leading innovation partner to organizations worldwide, today forecast strong global growth for 2013-2014, resulting from demand for its managed services, Grand Challenges, Innovation Contests, and multiyear programs. This year, the company expects 20 percent and 75 percent growth in revenues and earnings, respectively, as it continues to advance the way organizations innovate.

"Our growth tells us that our unique approach to open innovation delivers business value," said Andy Zynga, CEO of NineSigma. "With thousands of engagements over fourteen years, we continue to create new innovation models to help our clients lead their industries."

Founded in 2000, NineSigma helped pioneer the strategy of open innovation (OI), which enables organizations to speed the development of groundbreaking products, outpace their competition, and tackle problems affecting humankind. Using NineSigma's proprietary OI methodology, they can reach outside their networks for existing solutions, technologies and ideas. They can also tap into NineSigma's worldwide ecosystem of technical and scientific experts, including several Nobel Prize winners.

In 2013, NineSigma worked with 167 clients from the private, public and nonprofit sectors, with the strongest growth coming from the energy, oil and gas and manufacturing industries. New clients represented all parts of the world, from Croatia to Korea.

Many of these clients are tapping NineSigma to help manage their open innovation programs through its online platform, NineSights.com. Samsung Display, Mattel, Pfizer, Xerox, Siemens, Johnson Controls, Kraft, Mondelez, Haier, Agrokor, ICL, Tata Steel, and Ohio Third Frontier have Managed Innovation Galleries on the platform. These galleries enable the companies to post technology needs, collaborate on an ongoing basis with a global network of innovators and drive awareness of their innovation programs.

NineSights also houses NineSigma's Grand Challenges which enable organizations to uncover real solutions to the world's most pressing problems. Recent programs include:

  • The CCEMC (Climate Change and Emissions Management Corporation) Grand Challenge to achieve a net reduction of greenhouse gases by one megatonne per year. CCEMC recently awarded CAD$12 million to 24 Round One winners.
  • Head Health Challenges sponsored by GE, the NFL and Under Armour to advance understanding of traumatic brain injury, improve protection and diagnostic tools, and track head impacts in real time. One challenge attracted more than 450 submissions.
  • The Cisco Security Grand Challenge to secure the Internet of Things. Winners to be announced October 2014.

Innovation Contests on NineSights offer a specialized form of business crowdsourcing. Only highly qualified organizations and professionals are invited to help companies invent, reinvent or improve products at an accelerated pace. General Electric (GE) has already launched four separate contests to tackle everything from 3D printing production, to ergonomic circuit breaker handle designs.

More than $28 million in Grand Challenge prize money has been offered or awarded on NineSights so far in 2014. Millions more in prize money is available through Innovation Contests, Innovation Galleries, and Requests for Proposals.

In addition:

  • NineSigma is completing the second year of the Open Innovation Incentive program with the Ohio Third Frontier, to help mid-market companies leverage open innovation resources. The 31 companies working with NineSigma expect to increase sales by $330 million and to add 180 new jobs in three to five years.
  • This year, NineSigma is adding more capabilities and workplace tools to NineSights, as it becomes a focal point for the global community of innovators.
  • The company has been named to the Inc. 5000 list for 2014 (its second year on the list) and also won a 2014 NEO (Northeast Ohio) Success Award from Inside Business.
  • In May, NineSigma sponsored its fourth Innovation Leadership Summit. Speakers represented PepsiCo, Eaton Corporation, Converse, GE, ExxonMobil, the NFL, Shell Technology Ventures, Vitamix, and Xerox Innovation Group, among others.

About NineSigma

NineSigma helps organizations in the public, private and nonprofit sectors find new solutions, knowledge and partners to accelerate the innovation cycle. The leader in creating 'unexpected connections' across industries and technical disciplines, NineSigma has produced billions of dollars in value for its clients. The company also helps for-profit and nonprofit organizations address problems of a global magnitude through Grand Challenges. NineSigma's online community, NineSights®, connects innovators of all sizes with the resources and relationships needed to drive growth. Learn more at www.ninesigma.com or www.ninesights.com.

Media Contact: 
Dawn Ringel, Warner Communications — [email protected], (781) 449-8456

SOURCE NineSigma

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of streaming data in the cloud with an enterprise grade SLA. It features built-in integration with Azur...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and analyzed? As an area of investment, how might a retail company move towards an innovation methodolo...
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Treloar, President and COO of Bebaio, will explore examples of brands transforming their businesses by t...
A producer of the first smartphones and tablets, presenter Lee M. Williams will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. In his session at @ThingsExpo, Lee Williams, COO of ETwater, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater.
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer,...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevOps to advance innovation and increase agility. Specializing in designing, imple...
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes about through a Communications Platform as a Service which allows for messaging, screen sharing, video...
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
The Internet of Things (IoT) is about the digitization of physical assets including sensors, devices, machines, gateways, and the network. It creates possibilities for significant value creation and new revenue generating business models via data democratization and ubiquitous analytics across IoT networks. The explosion of data in all forms in IoT requires a more robust and broader lens in order to enable smarter timely actions and better outcomes. Business operations become the key driver of IoT applications and projects. Business operations, IT, and data scientists need advanced analytics t...
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device access to health records while reducing operating costs and complying with government regulations.
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducted a live demonstration of how quickly application development can happen when the need to comply wit...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with APIs within the next year.
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...