Equity crowdfunding is an alternative finance model that leverages the power of the internet for owners of privately-owned businesses to raise funding by offering shares. At the same time, it allows private investors to buy equity in businesses that they believe are...
We can look forward to a deeper partnership between human and artificial intelligence in 2024. Collective intelligence will increasingly solve complex challenges that require both AI’s pattern recognition abilities and a deep human understanding. Take our post “Why is...
In January 2024 we set our theme for the year of unleashing collective intelligence through the fusion of AI and human intelligence (HI), particularly in regard to creating datasets to train AI. We said we would delve into the heart of this theme to unravel the layers...
Crowdsourced data annotation has become an indispensable tool to expand diversity of results, solve problems faster, and increase accuracy in various fields, from machine learning to social media content moderation. With the proliferation of publicly available...
The crowdfunding platform GoFundMe recently announced it had broken the $30 billion barrier for the total amount of money people have raised on it. We are all quite aware of the multitude of individuals who have asked for donations to help pay medical bills, education...
A crowdfunding campaign looks well on the way to reaching its target of AU$140,000 of donations to fund the post-production (editing) of a film. The film in question is a documentary called “Free The Truth: Free Assange.” Its purpose is to raise public support to...
Crowdsourcing is basically putting questions or tasks out in the open to a large group of people to receive their input for the sake of innovation. Toy bricks company LEGO is included in most search results of global companies that use crowdsourcing. After finding...
Crowdsourcing is having an ever-increasing impact on businesses. That’s whether an established company is integrating crowdsourcing into its processes, often through accessing collective intelligence, or a new business is based from the outset on crowdsourcing...
Predicting crowdfunding success is a rapidly evolving field, and analysis of big data from various sources is becoming increasingly powerful for this purpose. An academic study concluded that the success of crowdfunding projects can be predicted by measuring and...
Potential breakthroughs that allow AI to better understand and collaborate with humans, advancements in brain-computer interfaces, and more sophisticated robots and automation systems make 2024 a pivotal moment in the journey towards the harmonious integration of...
Finding and patching cybersecurity threats and vulnerabilities before cybercriminals take advantage of them is difficult but crucial. As the speed of cybercrime advances, it’s becoming all the harder to keep pace, too. Amid these rising threats, crowdsourced...
In the ever-evolving world of artificial intelligence (AI), the quality and quantity of labeled data are pivotal in shaping the performance of AI models. Data labeling, the process of annotating data to teach AI algorithms, is a crucial step. However, it can be...
Crowdsourcing has emerged as a powerful tool for solving complex problems, gathering diverse insights, and fueling innovation. However, as the demand for crowdsourced solutions grows, organizations are turning to scalable automated crowdsourcing solutions to...
In our fast-paced and interconnected world, innovation is the key to staying competitive and relevant. Businesses, research institutions, and creative minds worldwide are continuously searching for novel ideas and breakthroughs to drive progress. One powerful approach...
Innovation is the driving force behind progress and positive change, and it thrives on fresh perspectives, diverse expertise, and creative solutions. Crowdsourcing and prize challenges - a form of open innovation - have emerged as powerful methods to tap into the...
Software testing is a crucial aspect of the software and app development process, ensuring that applications and systems work as intended and are free of defects. While in-house testing teams have been the traditional go-to for quality assurance, crowdtesting has...
In today's digital age, the Creator Economy is reshaping how content is produced, consumed, and monetized. With a growing number of individuals becoming content creators and innovators, the landscape is rapidly evolving. This Crowdsourcing Week blog explores the...
In an era of instantaneous news updates and social media, traditional journalism has transformed, allowing ordinary individuals to become key contributors to the world of news reporting. This phenomenon is known as citizen journalism, or sometimes crowdsourced...
What can explain why crowdfunding works? Reward-based crowdfunding platforms like Kickstarter and Indiegogo are wildly popular around the globe. Every year, consumers use these platforms to transfer billions of dollars to help entrepreneurs and artists develop market...
Cyber threats are constantly evolving and becoming increasingly sophisticated, and the traditional model of cybersecurity is facing new challenges as organizations and individuals seek innovative solutions to fortify their digital defenses. An approach gaining...
Packaged grocery brands operate in highly competitive markets where innovation and customer engagement are key. In various markets these products are often referred to as CPG (Consumer Packaged Goods), or FMCG (Fast Moving Consumer Goods). Whatever the product sector...
Crowdsourcing is a powerful tool to help humanize a brand, which enables a better customer experience. By involving audiences in a range of business processes and initiatives it’s possible to build a sense of community, foster a more personal connection, and boost...
Reward-based crowdfunding platforms led by Kickstarter and Indiegogo have revolutionized the way entrepreneurs and innovators bring their ideas to life. Although both platforms began as platforms based on raising finance for arts projects, they soon expanded to...
With greater diversity also comes a greater collective intelligence Crowds can be a powerful force and can influence the outcomes of many events. Harnessing crowd power in business can bring disproportionate benefits. Unlike employees, a randomly drawn crowd does not...