|By Business Wire||
|June 12, 2014 03:14 PM EDT||
Five teams stood before the judges, delivering their best ideas in an evening’s battle for funding or corporate support, hoping for the important nod that would push their vision toward fruition.
Meet the newest innovation tactic of today’s Booz Allen.
Narrowed from an original pool of forty submissions, five teams from across the firm were invited to present their near-market ready innovations to solve client problems in the firm’s Santa Monica, Calif. “Combustion Chamber” event June 5.
By the end of the evening, two ideas had earned $20,000 each in investment dollars and a mentorship from one of the firm’s partners. In total, the teams received $55,000 in funding and various other forms of corporate support, which will allow them to transform the concepts into marketable client solutions.
As Booz Allen pivots its business toward new growth areas, the firm generates innovative ideas from a variety of sources, including partnerships with start-ups, strategic alliances with third parties, the annual employee Ideas Festival and even informal conversations with colleagues – all championed by the 1,800-person Strategic Innovation Group (SIG). The firm’s competitive nature and collaborative spirit drive perhaps the most energy and enthusiasm for one of its newest innovation enablers: the Combustion Chamber.
Modeled after the hit TV show, “Shark Tank,” the latest Combustion Chamber event featured five teams of Booz Allen employees competing at Cross Campus, a start-up incubator in Santa Monica, Calif. They pitched their ideas to four senior Booz Allen judges and an audience of more than 100 employees for over an hour.
“Congratulations to all of the teams for superb ideas that will help our firm deliver solutions that will meet clients’ current challenges,” said Executive Vice President Karen Dahut, who leads the SIG. “Events like Combustion Chamber foster a fast-paced, start-up vibe within our 100 year old firm and they act as a catalyst for encouraging innovative forward-thinking because it gives employees who are working side-by-side with clients the opportunity to develop solutions in a rewarding, positive environment. Our firm will continue to develop new growth opportunities thanks to the collaboration and fresh, actionable ideas that come from the Combustion Chamber and other employee innovation activities.”
Combustion Chamber judges granted the following ideas corporate support:
- Strategic Management and Resource Trade-off Simulation, presented by Dusty Varcak and Bill Bland, was awarded $20,000 and mentorship from Senior Vice President Tom Pfeifer.
- Wireless Flight Line Key Distribution, presented by Josh Wentlandt, was awarded $15,000 and $5,000 for the top popular vote. The idea proposes a command-and-control center to expedite the distribution of flight keys to pilots.
- Data Defense Solutions, presented by Joseph Wyrwas and Derek Aucoin, was awarded $10,000. This solution uses modified tools designed by Booz Allen for data security in the government for commercial clients.
- Leveraging the Tactical ISR PED System (TIPS), presented by Mike Morgan, was awarded marketing counsel and support. TIPS helps the U.S. Navy take advantage of video intelligence on constrained network bandwidth via a Cross Domain Solution to move the video from the unclassified platform to a ship's SIPRNet connection.
- Secure Health, presented by Reechik Chatterjee, was awarded $5,000 and mentorship from Booz Allen senior staff members Michael Farber and Julie McPherson. This mobile application would allow delivery teams to share information on their phones in HIPAA compliant and real time format and reduce medical errors.
Celebrating its 100th year, Booz Allen has begun to pivot its business toward new growth areas, including engineering and technical services, commercial and international markets, and a focus on innovation that has led to a pipeline of new products and capabilities and a workforce that is better aligned to support a culture of innovation. Innovation today drives how the firm approaches new ideas, solutions and advancements in the fields of data science, cyber security and rapid prototyping.
About Booz Allen Hamilton
Booz Allen Hamilton has been at the forefront of strategy and technology consulting for 100 years. Today, the firm provides business and technology solutions to major corporations in the financial services, heath, and energy markets, leveraging capabilities and expertise developed over decades of helping US government clients in the defense, intelligence, and civil markets solve their toughest problems. Booz Allen is headquartered in McLean, Virginia, employs approximately 23,000 people, and had revenue of $5.48 billion for the 12 months ended March 31, 2014. In 2014, Booz Allen celebrates its 100th anniversary year. To learn more, visit www.boozallen.com. (NYSE: BAH)
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 10, 2016 11:15 PM EST Reads: 1,215
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Dec. 10, 2016 10:15 PM EST Reads: 2,071
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 10, 2016 09:15 PM EST Reads: 1,353
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Dec. 10, 2016 07:30 PM EST Reads: 1,818
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Dec. 10, 2016 07:00 PM EST Reads: 4,154
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Dec. 10, 2016 06:45 PM EST Reads: 1,105
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Dec. 10, 2016 06:30 PM EST Reads: 1,971
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Dec. 10, 2016 06:30 PM EST Reads: 1,549
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
Dec. 10, 2016 06:30 PM EST Reads: 1,033
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Dec. 10, 2016 06:15 PM EST Reads: 1,096
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 10, 2016 05:30 PM EST Reads: 1,010
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Dec. 10, 2016 05:15 PM EST Reads: 2,384
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Dec. 10, 2016 05:15 PM EST Reads: 1,425
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
Dec. 10, 2016 04:30 PM EST Reads: 1,373
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Dec. 10, 2016 04:30 PM EST Reads: 1,841