Contests as Economic & Social Drivers of the Future

September 24 2008 / by Alvis Brigis / In association with Future Blogger.net
Category: Social Media   Year: 2018   Rating: 4

Contests have been picking up steam thanks to the web and new social media technologies. Their next generation could facilitate an increase of economic output, innovation, happiness, leisure time and broader social efficiency.

Games and contests are powerful frameworks for idea and behavior selection that have played a big role in the human learning process. Because communication is key to organizing large complex games, it should come as no surprise that the rapidly quickening web is catalyzing an explosion in competitions of all sorts, including robust new innovation contests. It’s interesting to contemplate how these might evolve as bandwidth and web intelligence continues to accelerate over the next decade.

Humans have already deployed large-scale positive-sum innovation contests pertaining to private space flight, the manufacturing of more fuel-efficient cars, a wide variety of energy goals and even broad world changing ideas, just to list a few. Companies are increasingly turning to games for logos, commercials, machinima, and so forth. Nimble little social media companies are launching myriad contest websites for all sorts of content.

It can also be argued (and I am doing so) that web powerhouses like Digg and Stumble Upon, or even RSS Lists like Techmeme (many tech bloggers customize their content to increase the likelihood it will get picked up here) are fundamentally contest-based. The cool part is that they also represent a big leap forward in web content organization.

That being the current state of things, how can we then expect contests to evolve over, say, the next 10 years?

Contests as Work: As the web gets more reliable, robust, and broad, people will perform more work via remote connections. It will then become possible to add effective, proven contest structures to these efforts (think the next generation of contest sites) that will reduce the need for oversight and up prouctivitiy and output.

Invisible Contests: As the web gets better at quantifying human behavior, certain companies, groups and governments will want access to this data. One way (out of many) of getting at this data will be hosting contests that people can win (wholesale or incrementally) and benefit from on a regular basis. Just do what you do, and if you do anything that the system really likes (perform an efficient new search algorithm, fall into a personality category ideal for a certain study, etc), it will reward you for it. This way you can be playing many games without having to divert your focus from your interests.

Hierarchical Contest Structures: Companies like Google already have a game-like hierarchy built in to their corporate structure. Expect these models to evolve as new companies based more exclusively on gaming are born and then scale. It is possible that such “automated” companies (with the right human and software assets) will be able to move far more quickly than traditional companies.

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Clean Energy Prize Competition Down to 14 Teams

December 22 2008 / by amisampat / In association with Future Blogger.net
Category: Environment   Year: General   Rating: 2

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By Ami Sampat

The Clean Energy Prize Competition was founded with the goal of using clean energy technology from the labs to actual use. DTE Energy, in conjunction with the University of Michigan, want the contestants to create the best business plan for bringing clean energy technologies into stores and the market. The team with the most creative module receives $100,000 plus the grand prize of $65,000.

The competition started with 20 teams and is now down to 14.

This contest prepares the participants with the experience and knowledge of what it takes to start a clean energy business.

The business proposals include: "Aeolian is involved in the design and manufacture of air-powered automotive engines", "CTW International would develop land-based projects that have climate, biodiversity, and community benefits", "Husk would convert agricultural waste into high-grade insulation" and "Potential Energy would create clean, sustainable storage for wind energy".

The competition is judged by leaders from different sectors. In the first round, the judges came from companies such as Google, the Michigan Public Service Comission, and Next Energy.

The next round in the competition is creating a financial overview which must be submitted by January 16, in which six teams will be eliminated. The next judging, the semi-finals, will take place on February 13 and on March 20 the final will be held.

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