It is widely acknowledged that collective intelligence delivers better solutions compared to a limited number of team members working on an innovation project. However, what is not talked about enough is the effect of this open model on the innovation process lead-time. After five years spent working on open innovation challenges, I am still surprised by the power of crowdsourcing to accelerate the innovation process.

Crowdsourcing has an accelerating effect on each stage of an innovation process. Investing in resources during the early stages of an innovation project with the aim of capturing a broad number of ideas and solutions (and evaluating them correctly) truly accelerates the remaining stages of the process. …


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