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

Bothos, E; Apostolou, D; Mentzas, G

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