IBIT

Engages with industry to develop digital knowledge and talent

Munir Mandviwalla

Thirteenth Annual Fox IT awards – Registration is now open!

Registration for the Thirteenth Annual Fox IT awards is now open!

Tuesday, April 16, 2013, 6:00pm –  8:00pm, Temple University’s main campus

FOX IT LEADER AWARD
Suja Chandrasekaran, Vice President of Enterprise Information Management
Wal-Mart Stores, Inc.

FOX IT INNOVATOR AWARD
Aleem Walji, Director of Innovation Labs
The World Bank

FOX IT AWARD FOR DISTINGUISHED ALUMNI
Atish Banerjea, Executive Vice President and Chief Information Officer
NBCUniversal, Inc.

The reception will also feature awards for students, administrators, and faculty.

To attend, register online by April 02, 2013 at http://ibit.temple.edu/itawards

Online Labor Markets: An Informal “Freelancer Economy”

The Institute for Business and Information Technology (IBIT) is pleased to announce the release of The IBIT Report – Online Labor Markets: An Informal “Freelancer Economy” authored by Kevin Yili Hong, Temple University and Paul A. Pavlou, Temple University.

In this report, we discuss three aspects of online labor markets. First, we give an overview of the current state of major online marketplaces that offer intermediary services for buyer companies and IT professionals with a focus on one marketplace in particular – Freelancer. Second, we show some findings on the measurable economic benefits online labor markets provide to companies that outsource IT services (measured with consumer surplus) and what factors contribute to higher buyer satisfaction. Third, we offer a novel perspective on the frictions that exist in the micro-level interactions between buyer companies and service providers given the global nature of these markets and how reputation signals can  alleviate these frictions. Finally, we offer practical implications and recommendations for companies that use these marketplaces to outsource IT services to professionals across the globe.

Crowdfunding: Tapping into the Wisdom (and Wealth) of Crowds

Crowdfunding - THE IBIT REPORTThe Institute for Business and Information Technology (IBIT) is pleased to announce the release of The IBIT Report – Crowdfunding: Tapping into the Wisdom (and Wealth) of Crowds authored by Gordon Burtch, Temple University, Anindya Ghose, New York University, and Sunil Wattal, Temple University.

This report examines a new application of crowdsourcing focused on the generation of funding for ideas initiated by others. While news articles and reports on crowdfunding have cited the success of numerous campaigns, the majority of efforts have actually failed. A better understanding of the design of campaigns and the management of the required platform can result in success. The report discusses opportunities, benefits, and pitfalls and demonstrates how the crowdfunding marketplace has the potential to be an innovation hub and improve open innovation practices. The report also provides suggestions on how businesses can leverage crowdfunding concepts, how to conduct a crowdfunding campaign, and how to influence contributor behavior.

Online Labor Markets: An Informal “Freelancer Economy”

Kevin Yili Hong, Temple University

Paul A. Pavlou, Temple University

February 2013

In this report, we discuss three aspects of online labor markets. First, we give an overview of the current state of major online marketplaces that offer intermediary services for buyer companies and IT professionals with a focus on one marketplace in particular – Freelancer. Second, we show some findings on the measurable economic benefits online labor markets provide to companies that outsource IT services (measured with consumer surplus) and what factors contribute to higher buyer satisfaction. Third, we offer a novel perspective on the frictions that exist in the micro-level interactions between buyer companies and service providers given the global nature of these markets and how reputation signals can  alleviate these frictions. Finally, we offer practical implications and recommendations for companies that use these marketplaces to outsource IT services to professionals across the globe.

We identified two key aspects that affect the selection of service providers and the pricing of their services: global frictions and reputation signals.

Download Now

© 2013 The IBIT Report, Institute for Business and Information Technology, Fox School of Business, Temple University, Philadelphia, PA 19122, USA. All rights reserved. ISSN 1938-1271.

Crowdfunding: Tapping into the Wisdom (and Wealth) of Crowds

Gordon Burtch, Temple University

Anindya Ghose, New York University

Sunil Wattal, Temple University

February 2013

This report examines a new application of crowdsourcing focused on the generation of funding for ideas initiated by others. While news articles and reports on crowdfunding have cited the success of numerous campaigns, the majority of efforts have actually failed. A better understanding of the design of campaigns and the management of the required platform can result in success. The report discusses opportunities, benefits, and pitfalls and demonstrates how the crowdfunding marketplace has the potential to be an innovation hub and improve open innovation practices. The report also provides suggestions on how businesses can leverage crowdfunding concepts, how to conduct a crowdfunding campaign, and how to influence contributor behavior.

In donation-based platforms, we have found that crowdfunders’ contribution behavior parallels that observed in charitable contexts

Download Now

© 2013 The IBIT Report, Institute for Business and Information Technology, Fox School of Business, Temple University, Philadelphia, PA 19122, USA. All rights reserved. ISSN 1938-1271.