Ads




Profiles

Blogroll



  • Ashish's Niti - Old Blog

Your email address:


Powered by FeedBlitz

« Steve Jobs blames teacher unions | Main | Minsky and Housing Bubble »

February 21, 2007

Virtual Gold Rush

 Via the Division of Labour, This BussinessWeek article, Innovation in the Age of Mass Collaboration, describes how a conservative mining company discovered gold by opening up its proprietary database on the Internet and offering a prize:

The contestants identified 110 targets on the Red Lake property, more than 80% of which yielded substantial quantities of gold. In fact, since the challenge was initiated, an astounding 8 million ounces of gold have been found—worth well over $3 billion. Not a bad return on a half million dollar investment.

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/t/trackback/330304/16291092

Listed below are links to weblogs that reference Virtual Gold Rush:

Comments

Post a comment

Comments are moderated, and will not appear on this weblog until the author has approved them.

If you have a TypeKey or TypePad account, please Sign In

Subscribe




  • Subscribe to my RSS feed

  • Enter your Email


    Preview |

Tip Jar



  • Amazon Honor System Click Here to Pay Learn More

Ashish's shared items in Google Reader

Search


  • Google

  • Search Now:
    Amazon Logo

BookShelf - Recently Read

September 2007

Sun Mon Tue Wed Thu Fri Sat
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30            
Blog powered by TypePad