Sunday, September 14, 2008

Crowdsourcing - cool idea, stupid name

I like new words/phrases and even the one I used in brackets below (going viral) is an entertaining one. But I just don't like the sound of the word crowdsourcing. There is just no truthiness to it. The guy who came up with it should quit coining terms and go get a mcjob. I'm finished. Really. Sorry

What is crowd sourcing?


The Economist Article


Here The Economist Technology Quarterly Online Edition explains that it is the idea of asking a group of people to help with an idea. It is a new way of doing the whole R&D thing.
The article is mostly about the fact that the idea has far more limits than what was previously thought. For example using crowdsourcing to come up with a new design is often more expensive because of the vetting process (I can now use that word and assume you know what it means. Thank you Johny Boy) can end up being more expensive than having in house people do it. Apparently the public at large is really bad at fact checking and following copyright laws. Not that shocking really.

The X-prize is an instance where crowd sourcing may be advantageous because the goal is not necessarily to directly make a profit but rather just prove technology for the progression of an industry.


X Prize Article


This newest prize is $25k to the person who submits the best green initiative video to youtube. I wonder how fierce the competition is? I mean most of the hippies will just be like "planting pot takes carbon out of the atmosphere". Anyways if you like money it is definitely worth making a 2 minute video to try and get $25000. Admittedly its American currency but still.

2 comments:

Wrens Nest said...

I read about that X-prize the other dayIsn't croudsourcing synonymous with "Group Think". By in large, it is a good idea theoretically to utilize . We can't assume that the people that make up industry are the brightest of the brightest. The way I see it, it is similar to the vast networking of computers which many universities are doing just for the processing power required in research, in particular bioinformatics.
This has been Google's central mission and business philosophy. Providing open forums for the public to brainstorm new and innovative ideas. We can all see how successful Google has been in its short history.

I'm liking the Blog so far. Keep it up bud.I opened blogging account bu t never got around to writing anything.

\ said...

this is my second attempt!

I suppose there are two ways that you can crowd source and the one is more successful.
Brainstorming by a large motivated group (SETI Program/At Home Astronomy Programs) tend to be successful because a) people do not feel their work will be exploited for profit and b) they are generally interested in the material so it does not feel like work.
The other time is when people are looking for something specific to implement (say the design of a new building) when you have to have faith the person offering their idea will take due diligence to make sure they are not infringing on someone else work.
If you start blogging I'll be sure to take a look!