Excellent point about needed participants, and the hot-button crowdsourcing tool of the moment, FourSquare, is using a game to push interaction, a smart play knowing the competitive nature of Americans. The thought of "winning" mayorship of a location, or going to a restaurant again so you don't lose it is what retailers dream of, that no-essential transaction. eBay made a fortune off of this concept, seeing people overpay on items just to win.
But feeling part of the conversation or solution, not being told the solution, will drive crowdsourcing. We like the ability to shape information, and this is becoming more relevant as the utensils to do this are in more and more pockets.
Crowdsourcing: The Future of Your Industry?
Categories: News, Rumors, Gossip, & Trends Innovation Discussion Future Trends New Products, Services, and Business Models Innovation Community Ideas
Crowdsourcing. Its one controversial - yet increasingly popular - topic. From marketing agencies to scientific research, many industries are taking a hard look at how crowdsourcing may be a solution for problems too big for one person or even one company to solve.
But why is crowdsourcing catching onand how will it affect the future?
The specific solution varies by industry, but for most crowdsourcing is a low cost way to acquire a greater (in quantityand hopefully in quality) solution set to a defined problem. In other words, crowdsourcing is fulfilling an unmet need for many industriesthe need to attain more for less. But what about the flip side of crowdsourcing? What about the consumers?
Without willing participants, crowdsourcing simply doesnt work. If people are unwilling to participate then theres no content. And that chance is a big gamble. So what makes people want to contribute their time and effort?
A cause. Beyond cash (see Chicago based CrowdSpring for an example of how some people make a living from the flip side of crowdsourcing) , most people find that either helping others or contributing to a cause is a worthwhile investmenta good reason to be part of the crowd.
Take a look at the Aha mobile app, for instance. Sure, Aha guides users via GPS, allows users to customize food alerts on the travel path and has even been designed with a 65MPH-safe interface. But its the community aspect that sets it apart. Aha is a driver to driver network that connects drivers to each other and to relevant information from the internet. For instance, if a user is motoring down a busy interstate and traffic suddenly slows due to an accident, that user can record a voice memo alerting fellow drivers traveling (or planning to travel) down the same roadway. After all, news does travel faster via networks as proved by events like the Hudson River plane crash in January of 2009the public was notified via Twitter first, not by mainstream mediaan example of self-initiated, crowdsourced news reporting.
And speaking of networks, Facebook has also integrated crowdsourcing to solve content and policy problemsThe Facebook Community Council. This council is a crowdsourced tagging application open to only select members. And once invited, the user can tag content that has been pulled for review with one of 8 tagsSpam, Not English, Skip, Nudity, Drugs, Attacking, and Violence. In effect, Facebook users are now patrolling the network for free in an attempt to keep up with content created and shared by its 350 million users.
The most innovative companies of the near future will replace less efficient and commoditized processes with crowdsourcing to bring tangible value to stakeholders and consumers through increased operating efficiency and higher quality products, services, and business models.
What areas of your industry could benefit from crowdsourcing, and how will it affect you?
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Charlieriley said: Excellent point about needed participants, and the hot-button crowdsourcing tool of the moment, FourSquare, is using a game to push interaction, a smart play knowing the competitive nature of Americans. The thought of "winning" mayorship of a location, or going to a restaurant again so you don't lose it is what retailers dream of, that no-essential transaction. eBay made a fortune off of this concept, seeing people overpay on items just to win. But feeling part of the conversation or solution, not being told the solution, will drive crowdsourcing. We like the ability to shape information, and this is becoming more relevant as the utensils to do this are in more and more pockets.
I love the competitive nature of Foursquare. The system of points and badges really keeps me engaged.
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My fear with crowdsourcing with sites like CrowdSpring is market saturation. Projects that would normally be hired out to private companies or individuals are now being competed for by hundreds of people from all different backgrounds. Now suddenly a successful local company in Atlanta is competing with a 15 year old kid in Texas that just got his first bootleg copy of Illustrator. We are seeing the same type of problems in our current job market where job posters are looking for "part time help, college education, 4 plus yrs exp, graphic and web design experience, and sales experience for $12 an hour"...and they are getting flooded with responses with people looking for work. Very success companies like Threadless have even taken advantage of user submitted designs offering small stipends to contest winners while Threadless makes thousands from sales of that idea.

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