At Crowdsourcing Week we champion the benefits of open innovation as a means to accelerate the development of breakthroughs, solutions and inventions. A growing number of organisations utilise open innovation platforms to go beyond in-house R&D teams, who work in...
DAOs, Decentralized Autonomous Organizations, provide a flat, secure and democratic structure for people to collaborate towards agreed aims. Think of them as computer-driven businesses without fatcat bosses, where the aims and codes of conduct are embedded in...
The concept of crowdsourcing remains sometimes misunderstood, and can still be confused by non-users with outsourcing. Before I launched Crowdsourcing Week in 2012 I ran a virtual advertising agency in New York City, and so I feel perfectly well qualified to talk...
It’s possible to find different answers to this question of ‘What is open innovation?’ Though the majority agree it is a process that goes beyond an organization’s own R&D resources and enlists the support of outside help for innovation ideas to resolve...
Freelance jobs and the remote working future of work have already arrived for a large number of the online white-collar workforce. According to the World Economic Forum’s Future of Jobs report published in October 2020, 84% of employers are set to rapidly digitalize...
Our commitment to being the global leader and innovation platform for all things crowdsourcing is founded on a mission to inspire and power breakthroughs through collaboration with our crowdsourcing partners. Those partners mean that through Crowdsourcing Week's...
With more people working from home these days and relying on digital services, the security of websites and apps has become even more important to companies. At the same time, many white-hat hackers have had more free time to lend their skills to bug bounty platforms...
Through possession of non-fungible tokens, NFTs, any of us can be the owner of digital works of art, books, music and video content, including iconic moments in sport or other performances and events. Their use extends to event tickets, anything collectible and...
Technology has hurt traditional retailing, no question about it. Online shopping has transformed consumer behaviour and a growing switch away from physical trips to stores has been accelerated by pandemic lockdowns and social distancing regulations. Yet technology is...
Opportunities created by digitization, and the massive boost to personal mass-communication that smartphones delivered, have always excited and fascinated me. I founded my virtual advertising agency Ludvik & Partners in New York City in 2008. In 2012 I launched...
When seeking open innovation solutions for vexing problems, many large organizations and companies think they have a binary either/or choice. The perceived choice is to go down a broad crowdsourcing route with a wide range of non-expert potential problem-solvers, or...
Property investment is one of the four most common types of investments, alongside cash, bonds and shares. Of the four, real estate has been the best performing investment in modern history. Though through lack of access to sufficient funding, most people have been...
The need for cybersecurity has grown exponentially, which has been a boost for providers such as Bugcrowd. Bugcrowd was the first of what is now a number of firms who engage crowds of “ethical hackers” on a freelance/gig economy basis. The key aim through...
Much of the work and focus in the circular economy is based around disrupting standard linear economy business models of “take-make-waste” to ones where higher proportions of resources can be recycled with minimal disposal. Through using waste as a resource to be...
The availability of low cost, high speed, low friction communications has enabled the value of crowdsourcing to make it an increasingly important activity in a wide range of business sectors. It has disrupted and altered the way we think about creating value. The...
Some fundamental obstacles prevent most big companies adopting methods or business models that are more sustainable. C Corporation company directors have their hands tied by a legal requirement to maximise shareholder value. Stock markets appear to believe shareholder...
Advertising is one of many business disciplines being disrupted by the ease of crowdsourcing input from a range of remote though specialist advisers and expert freelancers. This is largely, though not exclusively, in the areas of creative design and production. Ease...
More and more firms have begun practicing the consumer-centric approach to new product development (npd). As part of this approach, firms use sophisticated market research to identify unmet customer needs that could be converted into successful consumer products. Now,...
What is a Smart City? Smart cities use crowdsourced data for better analysis of behaviours and efficient resource management in urban areas. The term 'smart cities' refers to comprehensive connectivity in a built environment. It includes IoT technology-enhanced...
The past 12 months of pandemic lockdowns and disruption to business through a mass of people working from home has posed a myriad of financial issues across all industries. Apart from internal financial struggles, companies might also be finding it difficult to gather...
The term ‘open source’ refers to much more than just being able to use free software. In a nutshell, Open Source Software (OSS) is crowdsourcing applied to software development. The term originated when early software developers collaborated to learn from and with...
Our ability to communicate with many minds on a mass scale has made it a lot easier to turn to large groups of people to provide us with solutions to challenging issues, to deliver innovative new ideas, or give their feedback on our own ones. Turning a question or a...
Prizes can spur all types of innovation and R&D, and the use of prize challenges to accelerate R&D is experiencing a boom. Many organizations and governments around the world are launching prizes to accelerate R&D, and it’s a tool used by the likes of...
It’s little more than 10 years since Indiegogo and Kickstarter launched their reward crowdfunding platforms. Both began as a way for creative arts productions and projects to source funding, and are now commonly used for commercial purposes with far higher targets...