Crowdsourcing Is the New Black
The ITWeb website noted that when it comes to innovation, tapping into the collective intelligence appears to be the way forward. Companies that are able to harness the potential of crowdsourcing and open innovation set themselves up for immense opportunity and possibly even becoming industry leaders. By building platforms and processes to facilitate and monitor crowdsourcing, businesses can encourage an environment that allows people with different skills and experiences to collaborate and construct innovative solutions. This type of open innovation and development of new products and business ideas is reshaping how people do business and engage with the economy.
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