Twitter has decided to use the open source Cassandra data management system instead of the MySQL database system.

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Twitter opts for Open Source Cassandra system

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In the week ended February 19, 2010, the open ended DSP BlackRock World Mining Fund has topped MF schemes with a growth rate of 5.33 percent. As on February 19, the net asset value (NAV) of the company is Rs.9.74.

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DSP BlackRock World Mining Fund tops MF schemes last week

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The world if filled with incredibly smart people. If you can locate them and convince them to partner with you, they can help to drive your open innovation efforts forward. Stefan Lindegaard shares several strategies for making that happen.

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How to find potential open innovation partners

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Nuxeo, the Open Source Enterprise Content Management (ECM) company, announced that it has enriched the value of its Nuxeo Connect support and maintenance offering with the introduction of Nuxeo Studio.

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Open Source ECM firm Nuxeo launches Studio software

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Cypress Semiconductor has introduced a touchscreen device driver supporting the Android mobile handset platform, and announced that it has joined the Open Handset Alliance.

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Cypress offers Android drivers, joins Open Handset Alliance

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Wipro Technologies, the global IT services major, has joined the Open Handset Alliance, extending its device development and service integration expertise around Android platform. The Open Handset Alliance (OHA) is a partnership of more than 60 global mobile industry leaders working together to accelerate innovation and offer consumers an enhanced mobile experience. Read More Tweet This Post

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Wipro Technologies Joins the Open Handset Alliance

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A recent post entitled “Is Open Innovation Over?” attracted a fair bit of attention on this blog. My colleague Michael Arndt, reporting from the Open Innovation Summit in Florida , chatted with an innovation consultant who dubbed the concept “yesterday’s idea”. Not so fast, cried a lot of our readers, including Roland Harwood , who has spent the past three years developing open innovation programs at NESTA (the National Endowment for Science Technology and the Arts) in the U.K. I met Roland a year or so ago at a NESTA event in London, and we caught up on the phone just before the holidays. In particular, we spoke about the Open 100 , a competition he and his team have launched to “celebrate the power of openness and mass collaboration” in business. (See below.) We also touched on why Harwood thinks it’d be no bad thing if we all stop using the term “open innovation” altogether. “It’s over-hyped and has been used and misused,” he said bluntly. “But the trends that underpin it are only going to increase.” And then he said something which to my mind hits the nail of so many innovation-related problems smack bang on the head: “Open innovation is being prioritized at a senior level in organizations. Leaders like its promise of creating value quicker, cheaper, faster,” said Harwood. “But it’s the middle managers and heads of departments who have the responsibility for implementing this. They’re struggling for the right processes and business models and they don’t know where to start. That’s where the gap is. The strategic argument has been won; now it’s a pragmatic challenge.” That struck a real chord for me as one of the major challenges for companies looking to implement a grand new innovation plan. The practice is always so much more difficult than the theory. Anyway, back to the Open 100, which Harwood says came about as a result of hearing so many people wondering who was actually making a go of this lovely-sounding idea of open innovation. “We got the same old examples of P&G, Spinbrush, the Swiffer or IBM, but there are tons of other examples out there, from multinational companies to interesting small companies, all opening up their processes and businesses in different ways and creating substantial value as a result,” he says. The Open 100 aims to collect and celebrate these companies (anyone can nominate a suitable firm) and the winners will be announced in February at a conference to be held at NESTA in London. There’s no prize as such, though the Guardian’s a media sponsor, so some chance for winners to get a media splash.

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Introducing the Open Innovation 100

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by Hutch Carpenter At the Open Innovation Summit last week in Orlando, there were a number of companies there discussing their various initiatives for open innovation. What is open innovation? UC Berkeley professor Henry Chesbrough, perhaps the father of the movement, formulated this definition several years ago: “Open innovation is a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology. At the Summit, several companies expressed their growth related to and/or impact of open innovation: Cisco: Cisco’s internally generated growth is at 5%.

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Open Innovators Outperform the Market by 16.9%

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Red Hat took possession of SPICE in the September 2008 acquisition of Qumranet and is now offering it to the Open Source Community.

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Red Hat open sources its SPICE Protocol

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Editor’s Note:  We offer long term sponsors like American Express the opportunity to speak to you in their own voice. Any such post is clearly marked as sponsored, like this one.  We hope you find this information useful. Managing cash flow is often a challenge for small businesses, and in tight economic times many companies find themselves in a double bind: customers take longer to pay as they work to manage their own cash-flow, and at the same time suppliers demand payment more quickly, for the same reason. Negotiating hard on trade terms is a good first step in addressing this squeeze. Common trade terms are “net 30” or “net 60,” meaning that a business has 30 or 60 days from the invoice date to pay in full for the purchase. If you can persuade some of your vendors to accept more generous payment terms – or at least maintain the terms you already have – that can put more cash in your pocket. Sometimes suppliers will offer a discount on payments that are made right away, and if you selectively take advantage of this you can save money there too. The Plum Card® from American Express OPEN can give you similar benefits, while saving you the time and trouble of negotiating with suppliers.

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Sponsored Post – Benefits for Your Bottom Line: The Plum Card from American Express OPEN

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