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  • Welcome to the Investors Trading Academy talking glossary of financial terms and events.

  • Our word of the day isCrowdsourcingCrowdsourcing is a business model or function

  • that relies on a large group of users as third parties for outsourcing certain tasks.

  • The popular use of the internet makes communication and coordination progressively cheap: tasks

  • that would have been impossible to communicate and coordinate before have become extremely

  • easy to set up and coordinate.

  • Crowdsourcing can add significant value to a product or service, and can also generate

  • valuable connections between the users and the company.

  • Crowdsourcing is the practice of engaging a 'crowd' or group for a common goaloften

  • innovation, problem solving, or efficiency.

  • Crowdsourcing can take place on many different levels and across various industries.

  • Thanks to our growing connectivity, it is now easier than ever for individuals to collectively

  • contributewhether with ideas, time, expertise, or fundsto a project or cause.

  • This collective mobilization is crowdsourcing.

  • This phenomenon can provide organizations with access to new ideas and solutions, deeper

  • consumer engagement, opportunities for co-creation, optimization of tasks, and reduced costs.

  • The Internet and social media have brought organizations closer to their stakeholders,

  • laying the groundwork for new ways of collaborating and creating value together like never before.

  • Crowdsourcing touches across all social and business interactions.

  • It is changing the way we work, hire, research, make and market.

  • Governments are applying crowdsourcing to empower citizens and give a greater voice

  • to the people.

  • In science and health care, crowdsourcing can democratize problem solving and accelerate

  • innovation.

  • With education, it has the potential to revolutionize the system, just as crowdfunding is currently

  • challenging traditional banking and investing processes

Welcome to the Investors Trading Academy talking glossary of financial terms and events.

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B1 US crowdsourcing coordinate problem solving solving innovation crowdfunding

What is Crowdsourcing?

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    vhynkqd85n posted on 2021/04/13
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