Spigit CTO to Speak on Enterprise 2.0 Tools for Innovation Management at Collective Intelligence Summit

Dr. Padmanabh Dabke to Highlight How Enterprise Social Media Tools Drive Profitable Innovation by Tapping into the Collective Intelligence.

Pleasanton, CA (PRWEB) November 6, 2009 -- Spigit, the leader in social productivity software for the enterprise, announces today that co-founder and CTO Padmanabh Dabke will present an overview of Enterprise 2.0 tools for innovation management at 1:45-2:30 p.m. CT on Friday, Nov. 6 as part of the Collective Intelligence Summit: Leading Prediction Markets at the University of Chicago Booth School of Business. Dabke will also be featured on a panel of experts to address the adoption of collective intelligence and prediction markets at 3:00 p.m. the same day.

Dabke's presentation, "Enabling Collaborative Innovation," will highlight the technologies and practices that are driving profitable innovation in the enterprise and how these are enabling companies to realize a greater return on investment for their R&D programs by tapping into the collective creativity of the workforce.

"The integration of social media into the corporate environment has fundamentally changed the way companies manage and derive value from their innovation programs," said Padmanabh Dabke, CTO and co-founder of Spigit. "By leveraging tools like InnovationSpigit, companies are able to tap into the collective intelligence of their employees to foster a culture of collaboration that improves efficiency, creativity and profitability."

During the event, for which Spigit is also a sponsor, key scholars, thought leaders and entrepreneurs will examine how new forecasting techniques and technologies are driving executive decision making, leading collaborative forecasting and optimizing business processes.

Based on the popular social software model, InnovationSpigit is the first innovation management platform designed to nurture innovation with community approach within a complete social networking-style package. The platform creates an environment, accessible from anywhere with an Internet connection, which allows companies, organizations and teams to leverage the intellectual assets of participants to optimize the innovation process and arrive at effective solutions. Using InnovationSpigit, participants across the enterprise can contribute ideas, offer feedback and evaluate concepts to help streamline idea generation and reveal actionable intelligence.

Organizations are using Spigit to source new product ideas, manage project proposals, uncover new revenue opportunities, strengthen operational processes, improve their customers' experience and solve global and civic issues.

Spigit's award-winning innovation solutions are already in use by several Fortune 2000 companies and other well-known brands at the forefront of innovation, including IBM, Pfizer, Lloyds Banking Group, MedPlus, Walmart, Southwest Airlines and Choice Hotels International. The company recently closed a $10 million funding round with Warburg Pincus, and was named to InformationWeek's Startup 50 list of the top business technology startups as selected by readers and editors.

For more information about Spigit's award-winning innovation solutions, visit www.spigit.com.

For more information about the Collective Intelligence Summit: Leading Prediction Markets, visit http://www.pmcluster.com/CHI09.htm.

About Spigit:
Spigit is the leading developer of social productivity software for enterprises to drive innovation and empower decision makers. Spigit's product offerings range from the intra-enterprise InnovationSpigit(TM) to its customer-facing IdeaSpigit solutions. Spigit currently powers innovation projects at numerous Fortune 2000 companies and has been named Best of Software Interop 2008 and is listed on the AlwaysOn Global 250 list, the power list of the top 250 private global technology companies. For more information, visit www.spigit.com.

###