Crowdsourcing

What is Crowdsourcing?

 

‘Crowdsourcing’ involves sourcing or obtaining work, ideas, votes, tasks, opinions, etc. from an extensively large number of people. Mostly, it is done online and the results collected can be used for the common benefit of everyone.

 

The people submitting the required data would be doing it on a freelance basis, or even voluntarily. The major advantage of crowdsourcing is that the company can collect the data of a wide variety of individuals.

 

Further benefits of crowdsourcing include savings in cost and the faster speed at which the company can arrive at the desired output. Some examples of crowdsourcing include Lego Ideas, which ask you to put in ideas for Lego toys. Another example is that of Wikipedia, which is written and edited by a wide variety of people.

More HR Terms

Group Dynamics

What is Group Dynamics ?    ‘Group Dynamics’ refers to the study of behaviour of groups of individuals and their interactions. It is concerned with

Tacit Knowledge

What is Tacit Knowledge ? ‘Tacit Knowledge’ refers to the kind of knowledge that is difficult to be passed on from individual to another using

Deferred Compensation

What is Deferred Compensation?   ‘Deferred Compensation’ is the compensation deferred to the next financial year to save taxes on the salary. Generally, employees request

Contact Us

Contact Us

We use cookies on our website to provide you with the best experience.
Take a look at our ‘privacy policy’