the demand (driven by data) is increasing at a much fasterpace
the Big Data gap is actually widening
.The global economy has never been as strong in thehistory of the world. Emerging markets in Africa, maturationof markets in India, China, Brazil, Columbia and EasternEurope all feed into this global demand. Sure, thismaturation means a great deal more educated individualsalso entering the market, but again, the demand for datatalent will greatly outpace the supply.Big Data
and value creation from it
touches everysingle industry, period.This gap in data emergence versus value creation from Big Datais set to only widen over the coming years. A 20th Century,traditional approach to this challenge will fall woefully short.
The answer to this challenge lies in Enterprise Open Innovation and its ability to consistently breed extreme value outcomes.
Extreme Value Outcomes through Enterprise Open Innovation
What is an extreme value outcome? These are your outliers,solutions that are by a long stretch far more powerful, faster,
smarter than the average solution or an existing “gold standard”.They have been described in simplistic terms as “the needle inthe haystack”. Thro
ugh Enterprise Open Innovation practices theability to consistently draw out extreme value outcomes is now a
reality. This is a legitimate innovation “flattener” because it
eliminates the need to source, court and retain top global talent inorder to produce the extreme outcome(s). This is true for all theways Open Innovation can be utilized and is especially realized inthis Big Data arena where talent scarcity is evident and theoutcomes can be extraordinarily impactful to the enterprise.