Marketing Factoids

  • Music sales in the United States will decline to $9.2 billion in 2013, from $10.1 billion this year. source ›
  • Acquiring a new customer costs about five to seven times as much as maintaining a profitable relationship with an existing customer source ›
  • Consumers ages 18 to 27 say they use the Internet nearly 13 hours a week, compared to viewing 10 hours of TV source ›
  • more factoids ›
JUL 1

Cisco I-Prize – Mining the Web and the World for Innovation

FastForward Blog, July 1, 2008 — On the App Gap I recently wrote about Brightidea’s Webstorm Idea Collection and Ranking Portal that facilitates the innovation process (see Brightidea – Brings Focused Enterprise 2.0 Capabilities to Innovation). In my conversation with Matt Greeley, CEO at Brightidea we covered one of the impressive uses of Webstorm outside the firewall, Cisco’s I-Prize. I think this is a great story with some lessons learned for others who want mine the wisdom of crowds, so I will explore it more here.

Category: Innovation
Tags: Cisco, Open Innovation

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