Crowdsourcing - Explained
What is Crowdsourcing?
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
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Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
What is Crowdsourcing?
Crowdsourcing refers to obtaining work, data, or input from a large group of persons who generally deliver or submit their work or information via social media platforms, the internet, or any other related means.
For example, individuals may crowdsource answers to specific questions on the website, Quora. Businesses may crowdsource software development activities through public calls for submissions from amateur programmers.
Crowdsourcing is attractive to businesses, as it eliminates the high cost of hiring an in-house team member to complete specific tasks, which they may, for may not be familiar with.