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The Economist-Lumina Foundation Quantified Work Challenge

TAGS:Math/Statistics Lumina Business/Entrepreneurship Engineering/Design Computer Science/Information Technology
STATUS: Awarded
ACTIVE SOLVERS: 603
POSTED: 6/03/13

New personal tracking devices such as the Nike Fuel Band, along with new sophisticated data visualization platforms, have made it easy to track personal health and fitness. This phenomenon, known as “the quantified self” provides insight into individuals’ activities such as sleeping, eating, exercising, and overall wellness.  The Economist and Lumina Foundation envision this trend reaching into people’s work lives as well. 

This Challenge requests that Solvers propose the potential objective inputs or data and potential methods of collecting and reporting that information that organizations could use to build a personalized “skills tracker” for individual employees.  This system, which could be an app, an emerging technology, software program, etc., could then be combined with subjective assessments of employees by their colleagues to provide a deeper view into development needs for both the employee and talent development professionals.  We are particularly interested in inputs that provide insight into the ongoing educational needs of employees. 

This is an Ideation Challenge with a guaranteed award for at least one submitted solution. 

Submissions to this Challenge must be received by 11:59 PM (US Eastern Time) on 15-July-2013.  Late submissions will not be considered.

Source: InnoCentive
Challenge ID: 9933374
 
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Challenge Overview

New personal tracking devices such as the Nike Fuel Band, along with new sophisticated data visualization platforms, have made it easy to track personal health and fitness. This phenomenon, known as “the quantified self” provides insight into individuals’ activities such as sleeping, eating, and exercising, and overall wellness.  The Economist and Lumina Foundation envision this trend reaching into people’s work lives as well. 

This Challenge requests that Solvers propose the potential objective inputs or data and potential methods of collecting and reporting that information that organizations could use to build a personalized “skills tracker” for individual employees.  This system, which could be an app, an emerging technology, software program, etc., could then be combined with subjective assessments of employees by their colleagues to provide a deeper view into development needs for both the employee and talent development professionals.   We are particularly interested in inputs that provide insight into the ongoing educational needs of employees. 

This is a special Ideation Challenge, which has the following unique features:

  • There is a guaranteed award.  The awards will be paid to the best submission(s) as solely determined by the Seeker. The total payout will be $10,000, with at least one award being no smaller than $5,000 and no award being smaller than $2,000. 
  • In addition to the direct monetary awards, the overall winner of this Challenge will be given a unique opportunity to present their idea to high-profile thought leaders at the upcoming Economist “Human Potential Summit” in New York City, New York, USA on September 18, 2013.  This includes paid travel and accommodations to the event, admission to the event, and an opportunity to present live on-stage or to be interviewed by an Economist editor at the event. 
  • The Solvers are not required to transfer exclusive intellectual property rights to the Seeker.  Rather, by submitting a proposal, the Solvers grants to the Seeker a royalty-free, perpetual, and non-exclusive license to use any information included in this proposal, including for promotional purposes.

After the Challenge deadline, the Seeker will complete the review process and make a decision with regards to the Winning Solution(s).All Solvers that submitted a proposal will be notified on the status of their submissions; however, no detailed evaluation of individual submissions will be provided.

What is InnoCentive?
InnoCentive is the global innovation marketplace where creative minds solve some of the world's most important problems for cash awards up to $1 million. Commercial, governmental and humanitarian organizations engage with InnoCentive to solve problems that can impact humankind in areas ranging from the environment to medical advancements. What is an InnoCentive Ideation™ Challenge?

An InnoCentive Ideation™ Challenge is a broad question formulated to obtain access to new ideas, similar to a global brainstorm for producing a breakthrough idea or market survey which may include ideas for a new product line, a new commercial application for a current product, or even a viral marketing idea to recruit new customers. Ideation™ Challenge submissions are typically about two written pages, and Seekers receive a non-exclusive, perpetual license to use all submissions.

In an Ideation™ Challenge, Solvers may:

  • Submit ideas of their own
  • Submit third party information that they have the right to use and further the authority to convey that right and the right to use and develop derivative works to Seekers
  • Submit information considered in the public domain without any limitations on use

Solvers should not reveal any confidential information in their submissions. Often the Ideation™ Challenge will be followed by one or more of the other three Challenge types to further develop the ideas and gain Intellectual Property protection when the concept has been well-defined.

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