How Crowdsourcing Is Transforming The Way Businesses Operate

2251 words - 9 pages

Recent advancements in technology have helped change the way many businesses operate. Yet, none of these innovations is as promising as Crowdsourcing. Defined as the strategy of outsourcing high-risk, high-cost tasks to an online community known as a crowd this relatively new concept has proven to be a highly effective organizational tool. As a result, an increasing number of private and public sector organizations are incorporating it into their operations. In fact, the only thing that appears to be constraining Crowdsourcing is the speed at which the technology it utilizes advances.
The purpose of this essay is to examine how the emergence of Crowdsourcing is changing the way business operate. This current event will be examined from its conception through its inception into public organizational settings. Within this context, this paper will examine how this technological application has been used to reduce costs. It will discuss how online companies used Crowdsourcing as the foundation of their business model and how Crowdsourcing has emerged in public healthcare and government acquisitions. By advancing the understanding of Crowdsourcing, this study provides useful examples of how organizations are using this relatively new resource. Consequently, this essay serves a conduit for understanding the broad-reaching usefulness of information technology.
Jeff Howe and Mark Robinson thought up the concept of Crowdsourcing in 2005. However, Howe was the first to write about the concept of Crowdsourcing in 2006. His coined the idea after observing a production model developed by a small group of computer programmers. The model showed that a collection of small teams could create a better product than could corporate giants like Microsoft. Using this information, Howe wrote his article titled The Rise of Crowdsourcing.
Howe credited two primary elements uniquely associated with technological advancements with making Crowdsourcing possible. First, he rationalized that rapidly advancing technology created a consumer market enabling cheaper electronic goods. With cheaper products came an explosion of technology into the homes of ordinary people. Technology allowed even the most novice of these users to perform sophisticated business activities. Howe believed the experience and knowledge gained from these activities did much to bridge the gap between expert and amateur business people. The second element Howe recognized was Cloud Computing. Cloud computing provided a virtual place where any user, regardless of their expertise, could gather and swap information instantly. Indeed, Howe believed that the sudden availability of electronics and the creation of virtual knowledge systems is what ultimately made Crowdsourcing possible.
Through Crowdsourcing, businesses and industries are able to tap into the massive knowledge base that exists from networked cloud technology. Business can use this knowledge to educate...

Find Another Essay On How Crowdsourcing is Transforming the Way Businesses Operate

Which Is the Best Way Essay

1056 words - 5 pages people against oppressive rulers. The way in which they lead them is what determines how their cause will go. There are two main ways to get a country to look at the issues and fix them. One being like the Huey P. Newton and Bobby Seale (leaders of the Black Panthers) approach where they go in with guns blazing and it does not work in modern society; it was the key to getting things done back in the dark ages since there was only one real leader

How Parent's Religious Affiliation Affects the Way

1876 words - 8 pages Parenting methods have been affected by numerous factors over the years. Parenting is something that is obviously successful or in the worst case, has failed miserably! We found that the parents' religious affiliation affects the way they raise their children. "The particular theologies theory posits that different religious affiliations put varying efforts into emphasizing family-formation strategies" (Pearce 2002: 325). Religious affiliations

'Explore how mechanical reproduction in the twentieth century has altered the way in which art is perceived and understood.'

1505 words - 6 pages artworks resulted in an influx of the same images reaccuring consistently. In this way, as opposed to an artwork lacking completely in authenticity and aura, it simply detracted from that of the original. Da Vinci’s ‘Mona Lisa’ is an example of how an original artwork can become something of little value due to its constant occurrence. It not only appears as prints on all manner of mediums, but it has been changed and appropriated by

It is a way to provide the reader with information on how sex sells in the media.

758 words - 3 pages , we are able to identify the advertisement strategies.The exploitative way in which advertisements are used is "identification" with a normative self: "If you want to be like me" use this product. This clearly contradicts a general assumption where images of women are used in advertisement in order to exploit male perception. Indoctrination through identification is the main strategy.These are the two ads I used as guides for my paper. They are for Cool Water and Cool Water Woman. I think these articles play on your senses and are sexually explicit and shouldn't be in magazines for children and some teens to see.By Tiffany

Drug Free is the Way to Be

1363 words - 6 pages There are employees who use or abuse drugs, legal or not, that cause interference within the workplace. According to the Human Resource Manager Eileen Esquer, from Isagenix International, when the use of drugs start to disrupt an employee’s job, they generate expensive health costs and loss of productivity for businesses. A controversial issue in the business industry is with employment drug testing. Companies that organize drug testing will

Euthanasia is the Wrong Way to Go.

1525 words - 6 pages Euthanasia is the Wrong Way to Go.Do you believe in miracles? Does everything always turn out to be the way we perceive them? Does sickness always lead to death? With the use of Euthanasia and physician assisted suicide, yes it does. Euthanasia is the practice of putting terminally ill people to death painlessly, cutting their life short of the possibility to recuperate. I feel that in this case a medical license does not differentiate a doctor

Pollution Free is the Way to Be

1192 words - 5 pages only can save lives, but relieve pain. Not only will humans be saved, but animals as well! “Just because it disappears, doesn't mean it goes away.” (Simsbury Connecticut on water pollution). Another way the human population can get involved into purifying lakes, rivers, oceans, etc. is to take action themselves. Only use water that is needed. Many of us let the sink or shower water run, when we don’t realize how much clean water we are wasting

Eminem’s Life Story: The Way He Is

2976 words - 12 pages Eminem’s Life Story: The Way He Is For many years people have been associating young adult’s violent behavior to rap music. Artists such as Eminem, Jay Z, 2 Pac, and many others are being blamed for the acts that teenagers commit, but why do these artists have such an influential impact on us? In our research of Eminem, our group is studying three main controversies; his upbringing, his attacks against family members and other artists, and

Organic Is the Way To Go

1303 words - 5 pages PAGE 5 Reunna WolffBIO-220May 9, 2014Tina DeCellesORGANIC IS THE WAY TO GOOrganic foods are grown with only natural fertilizers, and animals are not given medications like growth hormones, therefore, organic foods are better for consumers and our environment. One of the reasons why customers do not purchase organic foods, is because of the higher prices and they question the health benefits.Organic foods are by far the best choice a shopper can

Web Accessibility: How Improving Online Communication for the Blind Aids Businesses

1958 words - 8 pages world, accessibility is increasingly important. Accessibility allows a greater number of people to use and access an organization’s Web site. Businesses accomplish this by designing Web sites and other content so they work with assistive technology usually accomplishes this goal. Examples of assistive technology include screen readers that vocalize written content and screen magnifiers that increase the size of text and images. Section 508

I wrote this essay because there is alot of people out there in this world that do not understand how to drive stick shift. "How to Operate a Manual Transmission".

602 words - 2 pages How to Operate a Manual TransmissionA lot of people have trouble operating a manual transmission, or stick shift, to be extremely difficult. However, in actuality all it takes is some serious practice and devotion to make driving a stick shift like second nature. For successful driving, the same steps must be followed each time the car is driven.The stick shift panel is typically located between the two front seats of the vehicle. The stick

Similar Essays

How Important Is Human Relations For A Business To Operate Effectively?

1933 words - 8 pages workers to believe that NIKE is a way of living, a religion. So they want to make sure that every worker feels they are part it.This sounds all very workers friendly, but if you look at a different level within this company, the production department, you see a totally different approach of management.At this level, strangely enough, NIKE applies the scientific approach for its workers.My example refers to factories in countries like: Indonesia

How To Operate A Stick Shift Transmission. It Is A Process Essay That Could Use A Better Thesis Statement.

731 words - 3 pages operate a stick transmission. The best place to practice and learn how to drive a stick transmission is in a large, open vacant parking lot.The learner should next familiarize themself with the differences between a stick shift transmission and an automatic transmission. In the parking lot with the vehicle's engine turned off, apply the right foot to the brake pedal, and practice getting a feel of the clutch pedal by pushing it in and out with your

Illustrate How The Way People Essay

653 words - 3 pages Illustrate How The Way People Influenced By Superstitious Belief As we all approaching to 21st century, superstitious belief is slowly being expelled by the people. Superstition is a nonscientific thought, which means the superstitious belief contain no elaboration and any methods that can be proved or disproved. Superstitious thinking can cause a lot of confusion in our desires and our daily life judgement. Today, many Malaysians still

War Is Not The Way Essay

1121 words - 4 pages other way to better themselves. Brought up in poor families in small economically unstable towns, this is their way to afford college and ultimately a better way of life. They are fed lies as we all are by our government. "Join the military! We will fund your college and help you see the world," but all you are receiving is a chanceto die for a country that does not care about you. "Be all that you can be!" how is this possible when you are told who