Let’s Co-Create A New Vision for SMAC Convergence
#SpeedIdeation CrowdChat Sep 22 – 3pm CEST, 9am EDT
This coming week we’ll start one hour earlier. Soren and Thomas will lead a discussion on public WiFi for business purposes as discussed on Twitter.
The two main hosts will publish more information soon.
Chat will be as usual here: https://www.crowdchat.net/SpeedIdeation
/Chris
Next #SpeedIdeation Event on Monday, September 15
Looking forward to global creativity again.
Thanks to @jerryaoverton for hosting http://www.via-cc.at/91mqh
/Chris
Software Engineering for the Data Scientist

#SpeedIdeation progress
After some days of vacation and business travel we’re now preparing the next session. In the meantime we did get some traction in the project(s) started and also received additional ideas.
I will post some updates over the weekend – next session date will also be published until Sunday
/Chris
Join #SpeedIdeation 2nd event today
In less than one hour @JerryAOverton will answer questions to the paper published last week.
Send all your questions during CrowdChat – and keep going with additional ideas
/Chris
2nd #SpeedIdeation: Simulating New Business Innovations
We’ve created a new method of business model simulation and used it to simulate the market disruption of Blockbuster by Netflix.
Click here for the interactive simulation: https://plot.ly/~jerryaoverton/4
The simulation anticipates that the Netflix model can become profitable with much less investment than is required for the Blockbuster model; and it anticipates that the Netflix model has a greater overall revenue potential than the Blockbuster model [Des]:
Table 1: The observed performance of Blockbuster and Netflix. Source [Des]
The simulation predicts a period of similar performance, followed by a period where Netflix far outperforms Blockbuster, followed by another period of similar performance. Gross profit for Netflix and Blockbuster shows agreement between simulation and actual performance:
Figure 3: Gross profit of Blockbuster and Netflix from 1998 to 2008 [Top]
The method was useful in simulating real innovation, it made predictions matched observations, it produced real insight, and was easy to build using R.
Want to know more? You can reach me on Twitter: @jerryaoverton
[Des] Amit Deshpande, Analytics: Netflix vs. Blockbuster, http://bit.ly/1shL3XI
[Top] Top Accounting Degrees, Netflix vs. Blockbuster, http://bit.ly/WUCeZs
1st #SpeedIdeation CrowdChat ended successfully
Thanks again to everybody who helped prepare, run and of course to all of those who joined in and volunteered to “get stuff done”.
We’ll open the projects we decided upon within the next 24 hours.
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