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Collective intelligence for idea management with internet-based information aggregation markets

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dc.contributor.author Bothos, E en
dc.contributor.author Apostolou, D en
dc.contributor.author Mentzas, G en
dc.date.accessioned 2014-03-01T01:29:59Z
dc.date.available 2014-03-01T01:29:59Z
dc.date.issued 2009 en
dc.identifier.issn 1066-2243 en
dc.identifier.uri https://dspace.lib.ntua.gr/xmlui/handle/123456789/19436
dc.subject Ideas generation en
dc.subject Information exchange en
dc.subject Innovation en
dc.subject Internet marketing en
dc.subject Stock markets en
dc.subject.classification Computer Science, Information Systems en
dc.subject.classification Telecommunications en
dc.subject.other PRODUCT DEVELOPMENT en
dc.subject.other PREDICTION MARKETS en
dc.subject.other SUPPORT-SYSTEMS en
dc.subject.other KNOWLEDGE en
dc.title Collective intelligence for idea management with internet-based information aggregation markets en
heal.type journalArticle en
heal.identifier.primary 10.1108/10662240910927803 en
heal.identifier.secondary http://dx.doi.org/10.1108/10662240910927803 en
heal.language English en
heal.publicationDate 2009 en
heal.abstract Purpose - The purpose of this paper is to explore the use of information aggregation markets (IAMs) for community-based idea management and to present IDeM, a novel Internet-based software tool that can be used for generating and evaluating new ideas utilizing the concept of IAMs. Design/methodology/approach - Starting with a review of existing methods for collective intelligence, IAMs are identified as a prominent method for collective intelligence. Specific requirements for exploring IAMs for idea management are derived. Based on these requirements, a software tool for implementing IAMs in the context of idea management is developed (IDeM). IDeM has been evaluated and evaluation results are used to identify IDeM's benefits and limitations. A review of related work points out the innovative characteristics of IDeM. Findings - Evaluation results indicate that IAMs is an efficient method for idea generation and evaluation. Moreover IDeM is perceived both as easy to use and efficient in supporting idea generation and evaluation. Practical implications - IDeM can be used by commercial or other organizations for supporting generation and evaluation of new ideas. Originality/value - IDeM's innovative aspects are: in addition to trading, it allows users involvement by means of new idea submission, rating of ideas and commenting on ideas; it confronts the uncertainty of new idea related events by offering an expert based valuation mechanism.; and it extends the typical output of IAM tools - which is price of idea-stocks - by calculating the volume weighted average price. © Emerald Group Publishing Limited. en
heal.publisher EMERALD GROUP PUBLISHING LIMITED en
heal.journalName Internet Research en
dc.identifier.doi 10.1108/10662240910927803 en
dc.identifier.isi ISI:000264045400003 en
dc.identifier.volume 19 en
dc.identifier.issue 1 en
dc.identifier.spage 26 en
dc.identifier.epage 41 en


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