In 2006, Jeff Howe coined the term crowdsourcing and he defined it via his Wired Magazine as the “act of taking a job traditionally performed by a designated agent (usually an employee) and outsourcing it to an undefined, generally large group of people in the form of...
One Friday morning a few months back, the creators of Lockitron, an innovative deadbolt system controlled by your smartphone, were rejected by the folks over at Kickstarter. The following week, the Lockitron team formed a plan: they would launch Lockitron on their own...
Below is a preview of a chapter I wrote on Crowd Empowered Microfinance in the forthcoming book Microfinance in Developing Countries, edited by Jean-Paul Gueyie, Ronny Manos, and Jacob Yaron. Microfinance is a multi-billion dollar industry with a rich history...
My first cross with crowdsourcing was more like a collision, brought on by a friend’s (considerate) attempt to help out and my (persistent) aversion to social-media-overshare. I had made the decision to buy a smartphone and asked a friend I considered tech-savvy for...
We are so thrilled to announce that Ross Dawson will be joining us for our next Twitter #CrowdChat -- the man who wrote what’s considered “the must-read bible on using crowdsourcing effectively.” How to even begin introducing Ross Dawson? He is a globally-recognized...
"…knowledge diversity facilitates all types of contributions to open innovation projects" When we talk about interactions between companies and its exterior stakeholders, we can say that the knowledge or cultural diversity or even diversity with experiences is key to...
Social innovation refers to new strategies, concepts, ideas and organizations that meet social needs of all kinds — from working conditions and education to community development and health — and that extend and strengthen civil society. Social media and the internet...
At the Minds+ Machines Conference in Silicon Valley, November last year, GE's CEO Jeffrey Immelt hosted an event to address a room full of innovators in San Francisco. He touted the "Industrial Internet" as the next frontier in innovation. What is the Industrial...
We are always being taught to become great leaders. But how often have you see information or tips to become a great follower? What makes a pioneering follower. You will agree with me that a movement cannot be created with just a bunch a great leaders. We need an...
Our first #Crowdchat of 2013 was with the CMO of Elance Rich Pearson. Elance is a leading workforce crowdsourcing platform and Rich's expertise in crowd-centric business models makes him a leading marketing voice in the space. On the crowd chat, Rich covered a range...
Using a crowdsourcing site for referrals can be a big time-saver as well. Anyone who owns or runs a business is always trying to maximize his limited time, and online crowdsourcing is very efficient. There is no travel involved, and conversations are limited to the...
Do you know what the return is on your saving account? Close to nothing. The sharing and crowdsourcing economy is paving the way for more robust methods of investments with real return on many fronts. Mosaic just launched the first online clean energy investment...