Welcome!

@DXWorldExpo Authors: Automic Blog, Liz McMillan, Pat Romanski, Yeshim Deniz, Nate Vickery

News Feed Item

Managed Services, Grand Challenges, Innovation Contests and Multiyear Programs Propel NineSigma's Growth

Open Innovation Leader Delivers Business Value for Worldwide Client Base

CLEVELAND, Aug. 21, 2014 /PRNewswire/ -- NineSigma, the leading innovation partner to organizations worldwide, today forecast strong global growth for 2013-2014, resulting from demand for its managed services, Grand Challenges, Innovation Contests, and multiyear programs. This year, the company expects 20 percent and 75 percent growth in revenues and earnings, respectively, as it continues to advance the way organizations innovate.

"Our growth tells us that our unique approach to open innovation delivers business value," said Andy Zynga, CEO of NineSigma. "With thousands of engagements over fourteen years, we continue to create new innovation models to help our clients lead their industries."

Founded in 2000, NineSigma helped pioneer the strategy of open innovation (OI), which enables organizations to speed the development of groundbreaking products, outpace their competition, and tackle problems affecting humankind. Using NineSigma's proprietary OI methodology, they can reach outside their networks for existing solutions, technologies and ideas. They can also tap into NineSigma's worldwide ecosystem of technical and scientific experts, including several Nobel Prize winners.

In 2013, NineSigma worked with 167 clients from the private, public and nonprofit sectors, with the strongest growth coming from the energy, oil and gas and manufacturing industries. New clients represented all parts of the world, from Croatia to Korea.

Many of these clients are tapping NineSigma to help manage their open innovation programs through its online platform, NineSights.com. Samsung Display, Mattel, Pfizer, Xerox, Siemens, Johnson Controls, Kraft, Mondelez, Haier, Agrokor, ICL, Tata Steel, and Ohio Third Frontier have Managed Innovation Galleries on the platform. These galleries enable the companies to post technology needs, collaborate on an ongoing basis with a global network of innovators and drive awareness of their innovation programs.

NineSights also houses NineSigma's Grand Challenges which enable organizations to uncover real solutions to the world's most pressing problems. Recent programs include:

  • The CCEMC (Climate Change and Emissions Management Corporation) Grand Challenge to achieve a net reduction of greenhouse gases by one megatonne per year. CCEMC recently awarded CAD$12 million to 24 Round One winners.
  • Head Health Challenges sponsored by GE, the NFL and Under Armour to advance understanding of traumatic brain injury, improve protection and diagnostic tools, and track head impacts in real time. One challenge attracted more than 450 submissions.
  • The Cisco Security Grand Challenge to secure the Internet of Things. Winners to be announced October 2014.

Innovation Contests on NineSights offer a specialized form of business crowdsourcing. Only highly qualified organizations and professionals are invited to help companies invent, reinvent or improve products at an accelerated pace. General Electric (GE) has already launched four separate contests to tackle everything from 3D printing production, to ergonomic circuit breaker handle designs.

More than $28 million in Grand Challenge prize money has been offered or awarded on NineSights so far in 2014. Millions more in prize money is available through Innovation Contests, Innovation Galleries, and Requests for Proposals.

In addition:

  • NineSigma is completing the second year of the Open Innovation Incentive program with the Ohio Third Frontier, to help mid-market companies leverage open innovation resources. The 31 companies working with NineSigma expect to increase sales by $330 million and to add 180 new jobs in three to five years.
  • This year, NineSigma is adding more capabilities and workplace tools to NineSights, as it becomes a focal point for the global community of innovators.
  • The company has been named to the Inc. 5000 list for 2014 (its second year on the list) and also won a 2014 NEO (Northeast Ohio) Success Award from Inside Business.
  • In May, NineSigma sponsored its fourth Innovation Leadership Summit. Speakers represented PepsiCo, Eaton Corporation, Converse, GE, ExxonMobil, the NFL, Shell Technology Ventures, Vitamix, and Xerox Innovation Group, among others.

About NineSigma

NineSigma helps organizations in the public, private and nonprofit sectors find new solutions, knowledge and partners to accelerate the innovation cycle. The leader in creating 'unexpected connections' across industries and technical disciplines, NineSigma has produced billions of dollars in value for its clients. The company also helps for-profit and nonprofit organizations address problems of a global magnitude through Grand Challenges. NineSigma's online community, NineSights®, connects innovators of all sizes with the resources and relationships needed to drive growth. Learn more at www.ninesigma.com or www.ninesights.com.

Media Contact: 
Dawn Ringel, Warner Communications — [email protected], (781) 449-8456

SOURCE NineSigma

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@BigDataExpo Stories
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
Sanjeev Sharma Joins June 5-7, 2018 @DevOpsSummit at @Cloud Expo New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve f...
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone inn...
Digital Transformation (DX) is not a "one-size-fits all" strategy. Each organization needs to develop its own unique, long-term DX plan. It must do so by realizing that we now live in a data-driven age, and that technologies such as Cloud Computing, Big Data, the IoT, Cognitive Computing, and Blockchain are only tools. In her general session at 21st Cloud Expo, Rebecca Wanta explained how the strategy must focus on DX and include a commitment from top management to create great IT jobs, monitor ...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
Cloud Expo | DXWorld Expo have announced the conference tracks for Cloud Expo 2018. Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DX Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive ov...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, discussed how they built...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams. In his session at 22nd Cloud Expo | DXWorld Expo, Daniel Jones, CTO of EngineerBetter, will answer: How can we improve willpower and decrease technical debt? Is the present bias real? How can we turn it to our advantage? Can you increase a team’s effective IQ? How do DevOps & Product Teams increase empathy, and what impact does empath...
SYS-CON Events announced today that Evatronix will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Evatronix SA offers comprehensive solutions in the design and implementation of electronic systems, in CAD / CAM deployment, and also is a designer and manufacturer of advanced 3D scanners for professional applications.
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that's no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, explored how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He expla...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
DevOps promotes continuous improvement through a culture of collaboration. But in real terms, how do you: Integrate activities across diverse teams and services? Make objective decisions with system-wide visibility? Use feedback loops to enable learning and improvement? With technology insights and real-world examples, in his general session at @DevOpsSummit, at 21st Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, explored how leading organizations use data-driven DevOps to close th...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
"Digital transformation - what we knew about it in the past has been redefined. Automation is going to play such a huge role in that because the culture, the technology, and the business operations are being shifted now," stated Brian Boeggeman, VP of Alliances & Partnerships at Ayehu, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.