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    Crowdsourcing

    Crowdsourcing involves a large group of dispersed participants contributing or producing goods or services—including ideas, votes, micro-tasks, and finances—for payment or as volunteers. Contemporary crowdsourcing often involves digital platforms to attract and divide work between participants to achieve a cumulative result. Crowdsourcing is not limited to online activity, however, and there are various historical examples of crowdsourcing. The word crowdsourcing is a portmanteau of "crowd" and "outsourcing". In contrast to outsourcing, crowdsourcing usually involves less specific and more public groups of participants. Advantages of using crowdsourcing include lowered costs, improved speed, improved quality, increased flexibility, and/or increased scalability of the work, as well as promoting diversity. Crowdsourcing methods include competitions, virtual labor markets, open online collaboration and data donation. Wikipedia

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  2. investopedia.com

    Feb 3, 2025Learn what crowdsourcing is, how it works, and why companies use it to gather information, opinions, or work from a large group of people online. Explore the advantages and disadvantages of crowdsourcing, and see examples of different types of crowdsourcing, such as wisdom, creation, voting, and funding.
  3. britannica.com

    Crowdsourcing is a framework that uses a large and decentralized group of people for gathering data, solving problems, or addressing challenges via digital platforms. Learn how crowdsourcing works, its benefits and limitations, and some real-world examples from various industries and organizations.
  4. ideascale.com

    Dec 1, 2023Learn what crowdsourcing is, how it works, and why it is useful for various purposes. Explore different types of crowdsourcing, such as idea generation, funding, design, and problem-solving, and see examples of successful crowdsourcing initiatives.
  5. merriam-webster.com

    The meaning of CROWDSOURCING is the practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people and especially from the online community rather than from traditional employees or suppliers. How to use crowdsourcing in a sentence.
  6. techtarget.com

    The term crowdsourcing is a combination of crowds and outsourcing and was coined in 2006 by Wired magazine author Jeff Howe in his article "The Rise of Crowdsourcing." How crowdsourcing works. As the term implies, crowdsourcing is when an entity -- whether an individual or an organization -- requests specific resources from a group of people.
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