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The term crowdsourcing was coined in 2006 by two editors at Wired, Jeff Howe and Mark Robinson, to describe how businesses were using the Internet to "outsource work to the crowd", which quickly led to the portmanteau "crowdsourcing". [15] The Oxford English Dictionary gives a first use: "OED's earliest evidence for crowdsourcing is from 2006 ...
Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. [1] [2] Crowdfunding is a form of crowdsourcing and alternative finance.
Explicit crowdsourcing lets users work together to evaluate, share, and build different specific tasks, while implicit crowdsourcing means that users solve a problem as a side effect of something else they are doing. [23] Advantages of using crowdsourcing may include improved costs, speed, quality, flexibility, scalability, or diversity. [24]
So, business owners are having to make sacrifices, from turning to crowdsourcing instead of lenders, borrowing from family or friends, or simply forgoing expansion plans that would have been ...
Crowdshipping, sometimes referred to as crowd logistics, [1] applies the concept of crowdsourcing to the personalized delivery of freight.Crowdshipping can be conceived as an example of people using social networking to behave collaboratively and share services and assets for the greater good of the community, as well as for their own personal benefit.
Crowd computing is a form of distributed work where tasks that are hard for computers to do, are handled by large numbers of humans distributed across the internet.. It is an overarching term encompassing tools that enable idea sharing, non-hierarchical decision making and utilization of "cognitive surplus" - the ability of the world’s population to collaborate on large, sometimes global ...
Crowdcasting is the combination of broadcasting and crowdsourcing. The process of crowdcasting uses a combination of push and pull strategies first to engage an audience and build a network of participants and then harness the network for new insights. Those insights are then used to shape broadcast programming.
Equity crowdfunding is the online offering of private company securities to a group of people for investment and therefore it is a part of the capital markets.Because equity crowdfunding involves investment into a commercial enterprise, it is often subject to securities and financial regulation.