Question

What evidence can you provide to illustrate why crowdsourcing is able to reduce system development costs? Limit your response to 200 words.

Answer 1

Crowdsourcing is the practice of engaging a groups of people linked together with a common goal to bring effective results. Crowdsourcing is helpful for innovation or problem solving. It is powered by new technologies, social media etc..

People involved in crowdsourcing work as paid freelancers. Few others perform on a voluntary basis. Crowdsourcing ensures higher utilization with the crowd which leads to advantages with lower total costs across all activities. It is a process of tapping in to individuals ideas through their aggregated actions or activities. Since the tasks are divided among people, the costs are minimized. Thus crowdsourcing enables to reduce the development costs of the companies.

Example : Use of traffic apps encourage group of drivers to report accidents and to provide real-time information to app users so that necessary actions can be taken