GE Quests for Better Hospitals and More Efficient Flying
The IdeaConnection website reported that instead of hiring a crack team of researchers to improve upon or develop new algorithms, some companies are turning to the crowd and setting up prize-based competitions instead. One of those is General Electric (GE) a company that has long embraced open innovation. In 2012, the American multinational launched two ‘Industrial Internet Quests’– The Flight Quest and the Hospital Quest – designed to create new algorithms to reduce air travel delays and increase efficiency for hospitals.”New tools alone are not enough to solve our big data challenges,” said Bill Ruh, VP of GE’s Software and Analytics Center. “The Quests give developers and data scientists access to the information needed to spark new ideas, perspectives, analytic approaches, and find ways of working across diverse industries.”
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