Anybody who has ever searched anything on the Internet knows about Wikipedia. It is a huge online encyclopedia that has information on pretty much anything you can think of. Despite all controversy, according to Alexa and other sources Wikipedia is currently the largest and most popular general reference work on the Internet.

Wikipedia was formally launched on January 15, 2001, as a single English-language edition at www.wikipedia.com and it grew to approximately 20,000 articles and 18 language editions by the end of 2001. In August 2009 the English Wikipedia reached 3 million articles.
All this information is not only used by a huge crowd of people, but has also been created by the crowd. Wikipedia is a project based on the crowdsourcing model, in which tasks traditionally performed by employees are turned to the Internet multitude, or the crowd.
Wikipedia’s 14 million articles (3.1 million in English) have been written collaboratively by volunteers around the world, and almost all of its articles can be edited by anyone with access to the site. If you read an article and notice something wrong or if you have more information on the subject, you can hop on and edit the article or provide more in-depth explanations. This way the information is continuously verified and enriched by different people who share the same interest. But, on the other side, because of this feature the articles are also exposed to vandalism.
An early study conducted by IBM researchers in 2003 concluded that vandalism on Wikipedia is usually repaired extremely quickly, so most users will never see its effects. Another study published by Nature in 2005 showed that for scientific articles Wikipedia came close to the level of accuracy in Encyclopaedia Britannica and had a similar rate of serious errors.
This shows the great potential and power of the crowd. With the tools that we have available now, in the Internet Age, with groups being able to come together and communicate easier than ever before, it is amazing to see big projects being so easily accomplished.
Crowdsourcing is a model that works great! It’s been proven by so many successful projects. I am sure that more and more business people will apply this concept to various projects and to create successful businesses.
Google, Amazon, Procter & Gamble, Hewlett-Packard, LEGO, Pepsi, Canada’s Cambrian House, Eli Lilly (Innocentive), Kraft, General Mills, Nike, MasterCard, iStockphoto, Zebo are just a few of the companies that have had successful crowdsourcing projects. CrowdsourcingPower is a new company that gives any individual the opportunity to earn money through a crowdsourcing project.
I would end with a question raised by Don Tapscott -“After all, if you can make an encyclopedia (Wikipedia) via social networking and mass collaboration, what else could you do?” or, I would say “…what else could you not do?”
Wikipedia was formally launched on January 15, 2001, as a single English-language edition at www.wikipedia.com and it grew to approximately 20,000 articles and 18 language editions by the end of 2001. In August 2009 the English Wikipedia reached 3 million articles.
All this information is not only used by a huge crowd of people, but has also been created by the crowd. Wikipedia is a project based on the crowdsourcing model, in which tasks traditionally performed by employees are turned to the Internet multitude, or the crowd.
Wikipedia’s 14 million articles (3.1 million in English) have been written collaboratively by volunteers around the world, and almost all of its articles can be edited by anyone with access to the site. If you read an article and notice something wrong or if you have more information on the subject, you can hop on and edit the article or provide more in-depth explanations. This way the information is continuously verified and enriched by different people who share the same interest. But, on the other side, because of this feature the articles are also exposed to vandalism.
An early study conducted by IBM researchers in 2003 concluded that vandalism on Wikipedia is usually repaired extremely quickly, so most users will never see its effects. Another study published by Nature in 2005 showed that for scientific articles Wikipedia came close to the level of accuracy in Encyclopaedia Britannica and had a similar rate of serious errors.
This shows the great potential and power of the crowd. With the tools that we have available now, in the Internet Age, with groups being able to come together and communicate easier than ever before, it is amazing to see big projects being so easily accomplished.
Crowdsourcing is a model that works great! It’s been proven by so many successful projects. I am sure that more and more business people will apply this concept to various projects and to create successful businesses.
Google, Amazon, Procter & Gamble, Hewlett-Packard, LEGO, Pepsi, Canada’s Cambrian House, Eli Lilly (Innocentive), Kraft, General Mills, Nike, MasterCard, iStockphoto, Zebo are just a few of the companies that have had successful crowdsourcing projects. CrowdsourcingPower is a new company that gives any individual the opportunity to earn money through a crowdsourcing project.
I would end with a question raised by Don Tapscott -“After all, if you can make an encyclopedia (Wikipedia) via social networking and mass collaboration, what else could you do?” or, I would say “…what else could you not do?”