NEW Infographic: A Visual Explanation of Crowdsourcing

Today’s infographic takes a look at the practice of crowdsourcing projects: what it means, where the term originated, and how it works. The pros and cons of the technique are also lightly discussed. Based on my small experiences, it seems like a great idea for both companies and for consumers if used fairly. A company can get essential input from their target audience, and that audience is given a voice and the opportunity for recognition. However, there is a legitimate argument against crowdsourcing. The infographic describes this argument perfectly as one of its cons: “Crowdsourcing drives down the market value of once high-priced professional products and services allowing amateurs to compete in the market but closing out trained professionals.”

VIA Daily Infographic