Lesson 13: Business Issues

Prompt (Select two):
1. Definition and Basics: Define crowdsourcing and briefly explain how it works. How does crowdsourcing tap into the wisdom of the crowd to achieve outcomes that might be difficult for a single entity to achieve?
2. Benefits and Opportunities: Share examples of how organizations have benefited from crowdsourcing. How can crowdsourcing lead to diverse perspectives, rapid idea generation, and reduced costs?
3. Challenges and Limitations: Discuss potential challenges of crowdsourcing, such as quality control, information overload, and potential conflicts of interest. How can these challenges be mitigated?
4. Types of Crowdsourcing: Explore different types of crowdsourcing, including idea competitions, microtasks, open innovation, and crowdfunding. How do these variations cater to different needs?
5. Real-World Applications: Share instances where crowdsourcing has been employed successfully, such as Wikipedia, citizen science projects, or design challenges. How did crowdsourcing contribute to the success of these initiatives?
6. Ethical Considerations: Discuss ethical aspects of crowdsourcing, including compensation for contributors, protection of intellectual property, and ensuring privacy and data security.
7. Crowdsourcing's Future: Predict how crowdsourcing might evolve in the future. How could emerging technologies like AI and blockchain impact the way crowdsourcing is conducted?

Post:
Define and Basics: Crowdsourcing works by having a lot of people participate in the creating of something usually an article or website. These people usually aren't paid and do it for free either because they want too for a hobby or very interested in the topic. Crowdsourcing gets many different people to put their input into the article or website this allows for many different perspectives and ideas allowing for wisdom to be shown as sense there are so many different possibility's allowing for everyone to shine.

Ethnical Considerations: Ethnically I feel that Crowdsourcing is fine and should actually be pushed more form. In school you always here not to trust Wikipedia yet it tends to be right. Now when someone contributes to Wikipedia and someone uses Wikipedia for a source the person doesn't get credit but I feel that this is something the writer has to acknowledge when participating in crowdsourcing. Yes credit should be given for someone's ideas but if they put their ideas out on the internet for free they understand that they may not get credit and are contributing to the general help of society.