Tag Archives: Business Services

What is CrowdSourcing?

Crowdsourcing is the practice of utilizing services, ideas, or content supplied by a large community, and especially from an online network, rather than from traditional employees or suppliers. This tactic is a form of outsourcing and is often used by businesses to increase efficiencies and profit margins. Crowdsourcing simply combines the efforts of numerous full-time and/or part-time workers, where each contributor adds a small portion to the greater result. Crowdsourcing differs from the classic approach to outsourcing in that the work comes from an undefined public rather than being commissioned from a specific, named group.