How the Power of the Crowd is Driving the Future of Business
Jeff Howe coined the word ‘Crowdsourcing’ in a 2006 article for Wired magazine to describe the way in which the Internet has broken down traditional employer/employee relationships to create vibrant new enterprises that are ‘staffed’ by informal, often large gatherings of enthusiasts. A few weeks before the article hit the newsstands, a Google search for the word ‘Crowdsourcing’ returned zero results. One month after the article appeared, the same search returned nearly 500,000 hits.
Crowdsourcing is a specific sourcing model in which individuals or organizations use contributions from Internet users to obtain needed services or ideas. Crowdsourcing was coined in 2005 as a portmanteau of crowd and outsourcing. This mode of sourcing, wh