DataPalooza 2022

Use external crowdsourcing and open innovation challenges – Similar to hackathons, crowdsourcing or open innovation challenges are methods to get ideas and solutions from people outside your organization. For government agencies, it is a way to get ideas from private industry or individuals. Challenges are often posted on an organization website explaining the problem to solve, and the rules or instructions to submit responses. Individuals or groups submit solutions to the challenge. Typically, prizes are given to several winners. Depending on the amount of time and value of prizes, you may even receive working solutions that can be implemented. Good when you want to: Get access to expertise that you don’t have inside the organization Get many different potential solutions to a difficult problem Resources: https://www.nist.gov/ctl/pscr/open-innovation-prize-challenges https://www.challenge.gov/blog/july-31-2021-why-should-government-leaders-invest-in-open innovation/ Nurture a sandbox environment The term sandbox has a variety of meanings. A digital sandbox can be a separate software/hardware environment where reports can be run, documents created, or other ideas tested without putting the production system at risk. A regulatory sandbox is “a regulatory approach, typically summarized in writing and published, that allows live, time-bound testing of innovations under a regulator’s oversight. (Source: ungsa.org) What both have in common is creating a safe environment to explore non-traditional approaches. They both encourage ‘learning by doing.’ Good when you want to Have a software environment where you can test things out without impacting your production systems (digital sandbox) Test regulations with a limited number of participants in a controlled manner (regulatory sandbox) Resources https://www.unsgsa.org/sites/default/files/resources-files/2020-09/Fintech_Briefing_Paper_ Regulatory_Sandboxes.pdf

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