Social Glass

Update: The “recent” article I link to in fact is not very recent at all.  It was published in March, 2006.
I’m fascinated by how collective intelligence can be leveraged to produce value to the business that wasn’t harnessed before. Ideas like prediction markets and enterprise knowledge markets are indeed intriguing. And this is why I enjoyed a recent article in the New York Times called Here’s an Idea: Let Everyone Have Ideas. The article cites a company called Rite-Solutions that has built an ingenious

internal market where any employee can propose that the company acquire a new technology, enter a new business or make an efficiency improvement. These proposals become stocks, complete with ticker symbols, discussion lists and e-mail alerts. Employees buy or sell the stocks, and prices change to reflect the sentiments of the company’s engineers, computer scientists and project managers — as well as its marketers, accountants and even the receptionist.

The founders are quoted as saying “At most companies, especially technology companies, the most brilliant insights tend to come from people other than senior management. So we created a marketplace to harvest collective genius”. And so far the marketplace has been working for them. An idea from an administrative staff member lead to a contract with Hasbro, for example.

What Rite-Solutions is fantastic, but I think it could be extended to include other knowledge items that aren’t explicitly submitted to be “traded”. Why not create a discovery application that measures statistics on content items (similar to Google Analytics) to create a value index for them. Statistics about:

• Page Views
• RSS Subscriber Count
• User Rating
• Incoming Links

could be used to programmatically generate the index. This raises the visibility of content generated by authors may not have thought to submit it to the marketplace for consideration by the broader organization and provides more comprehensive coverage of potential innovative content as a result.