[SOLVED] Describe the advantages and disadvantages of crowdsourcing.

Discussion 1: 300 words two references

Read and listened to the attachment lecture read Case Study 10-1 Crowdsourcing at AOL Answer below question

Describe the advantages and disadvantages  of crowdsourcing.

Discussion 2: 300 words two references

Think about a company with which you are affiliated or familiar and some kind of data or micro-labor need the company might have.  Compose an initial response that addresses the following:

• What is the data or micro-labor need?

• Could it be crowd-sourced?  How and why?

• What would be the benefits and drawbacks for crowdsourcing this particular thing?

• What would be the incentive for “the crowd” to help the company address its need?

Sample Solution

Discussion 1:

Crowdsourcing is the process of outsourcing tasks to a large group of people, typically via the internet, to solve problems or complete a specific project. The advantages of crowdsourcing include cost-effectiveness, improved creativity, speed of problem-solving, and access to a diverse range of expertise. In the case study of Crowdsourcing at AOL, crowdsourcing helped AOL in several ways. It helped in improving customer satisfaction, helped in reducing call volumes, improved response times, and increased product innovation. By crowdsourcing, AOL could tap into a large pool of users with diverse opinions and experiences, which provided valuable insights into the development of new products and services.

On the other hand, there are some disadvantages to crowdsourcing. The main disadvantage is that it can be difficult to manage large numbers of contributors…order customized answer