Crowdsourcing: Shaping the Future of Everything

Crowdsourcing: Shaping the Future of Everything

Crowdsourcing, a word that was first heard in 2006 in Wired Magazine in “The Rise of Crowdsourcing” by Jeff Howe. This term is made with two words: crowd and outsourcing. This simplifies its meaning. People outsourced in bulk to practice sharing of knowledge and experience with each other. This technology will help in making decisions more precisely. It provides more ideas and more experience in less time. Let’s know about it in brief.

What is Crowdsourcing?

As the term says it is the gathering of resources and information from a group of people. It helps in raising ideas and money for businesses, organizations, and individuals.

Founder of Crowdsourcing Week, Epi Ludvik says it is about resources facilitated by a high technology platform. Also thanks to our new technologies making it easy to share ideas and stay connected from the farther distance. It challenges the conventional process of working in a company. The future is human-centric the same way this technology is.

Bringing Changes Today

Crowdsourcing was introduced when everything was centralized and now it is challenging those models. There was a time when Crowdsourcing introduced a word crowd currency. That thing is now recognized as ICO (Initial Coin Offering) or cryptocurrency. Now decentralization is happening across many platforms. Due to this decentralization and cryptocurrency, it’s now easy to innovate, micro-tasking and co-creation and sharing economy faster than ever.

Business, Politics and Culture Implications

It has massive implications on these sectors of today’s world. No one is fully aware of what this technology is capable of. But we humans are living in a world of mixed realities. This causes some problems here for the private and public sectors. It is hard for them to adapt to this is a massive challenge. Our old economy is being compared with the new economy but they have different origins. This difference causes here some tension.

Crowdsourcing in Normal People’s Life

It is said to be the new DNA of the society, not just physically but also digitally. Our society is still living with an old mindset. The global economy we are seeing today is based on the scarcity and fear that is lethal for society. Crowdsourcing is a big help in moving every human future to a better being.

Crowdsourcing provides new and complicated problems for participants. This helps them in improvising and finding a new way to solve the problem. This exposure to different problems enhances their problem-solving ability. It is always about talent, passion, skills, and tangible resources. This technique can improvise your rough ideas and polish them. It can be the answer everyone is looking for in the next decade.