In your organization you carry out different types of
programs, events and functions right? All these efforts are made to make a
growth in the industry. However, have you ever thought about something dynamic
and trendy?
What do you think about Hackathons? Have you ever heard about this or practiced it? Once
you conduct such a program in your business, you can reap the best outcomes.
There are some wonderful benefits of conducting this concept have aloak below:
-
Exploring fresh technologies
-
Driving different
types of business innovation
-
Sourcing development
programs
-
Forming potential
start-ups
-
Branding of an organization or products
-
Finding out solutions
for social causes
-
Analysing data
to create predictions
-
Rewarding creative
and innovative thinking
For this concept that focus on the output, the
objective aim be IP development, strong branding, or even innovation.
Internal hackathon concept confers the below given
advantages:
-
Crowdsource
ideas from the existing talent of a company
-
Reinforce the
values of a company
-
Assist in
assessing the company’s current employee pool on the basis of the team
collaboration ability, presentation skills and so on.
-
Trigger engagement
by concentrating on self-directed and fresh learning
-
Form a diverse
and supple work environment by motivating empowered groups and teams
-
Endorse transparency
in the management by enabling talent mobility and making u sure a culture of
recognition
-
Give employment
to people with the right skills and attitudes
This type of platforms can be used as an effective innovation
management software and work as platforms to interact and ideate for developing
interesting products and procedures. Such platforms only take the individuals
and organizations towards growth.
What really this
concept is?
A hackathon is a competitive program or event wherein
teams of developers, designers, and subject matter professionals collaborate to
form solutions for a particular problem inside a defined time frame. The aim is
to construct a working prototype in shape of a website, an application, or a
robot to solve an assumed problem. It is also called as hack fest or hack day,
the program gives participants the chance to collaborate, network and
productize their ideas. However, the most famous form of a hackathon
is an offline or physical one. It generally lasts for twenty four hours and it
is generally scheduled on the weekends. Participants are motivated to come up
with innovative solutions to solve problem statements for particular themes
mentioned in the hackathon.
For the participants and attendees, a hackathon is an
ideal platform to explore fresh technology, work on a project they are
dedicated about, and construct a working proof-of-concept in a short period of
time. It is also a chance for them to collaborate and network with like-minded
people who are determined and passionate about constructing products.
Hackathons are no longer limited to just the developer community. Anyone or
anybody who can contribute to forming a product can take part in a hackathon.
It is like a rich platform for learners and developers and overall
professionals.
Organizations usually conduct this concept to
encourage innovative problem solving, drive innovation, and construct brand
awareness. Various companies carry out internal hackathons inside their
organization to involve their employees and endorse a collaborative work
environment. Apart from this, external hackathons are helpful for firms in
finding and recruiting innovative and talented professionals at a lesser cost
than conventional recruiting methods. Instead of going through humdrum rounds
of interviews, firms can assess potential candidates by their overall
performance in a hackathon. Relying on their objective, companies might thus
opt for either an external hackathon or internal hackathon. It is always as per
the convenience of the organization.
In this present day digital era, the success of a
business depends on its capability to sustain innovation. To fulfil growing
customer expectations and beat the growing competition, companies should
innovate fast and construct fresh features to enhance their product or service.
The hugest advantage that a hackathon caters is a structure to scale creativity
and build fresh features. Concrete ideas resulting from hackathon can help the
organizations provide better customer experience and enhance revenue.
Conventionally the responsibility of coming up with
creative and innovative services, products and business models was associated
only to a handful of individuals and people inside the organization. Usually, a
dedicated R&D or the Innovation Department is given the responsibility of
the task. In this present era, companies, both big and small carry out
hackathons to trigger innovation. This concept is becoming really popular
amidst both small and big organizations. Whether a start-up firm or a big
multi-national company; everybody is considering this concept of innovation,
learning and exploring.
Businesses are scaling innovation by reaching out to
everybody inside or outside the organization as different from depending on
only a handful of people. With these platforms, organizations can now easily
find out solutions, from both internal and external spectators, with negligible
investment of effort time, and capital. With such an approach, the team mainly responsible
for innovation works with the whole hackathon crowd to manufacture ideas, form the
proof of concepts and then carry out the shortlisted ideas for growth and
development. By catering a structure to develop ideas, a hackathon mainly make it
convenient for companies to implement innovation.
In case you peep into the history, innovation does not
emerge just from giving people incentives but it also derives from creating
environments wherein their ideas can link up. Of course, when there is a
program or an event where people from different places, organizations and
backgrounds blend for discussions and learning; outcomes are destined to be
innovative only. In a way, this concept compliments traditional innovation
methods. Via this concept, companies harvest knowledge and ideas to take their
technology to the finest levels. With the additional advantage of crowd-driven
ideation, firms can now move quickly, diminish the time-to-market, and stay
ahead of increasing competition.
Thus, you should ponder over this concept of
Hackathon. It is going to give you new horizons to grow and you can make the best developments!
