The creativity of swarms (= crowdsourcing)
I discovered this Wired article about Crowdsourcing in Kai Fischbach’s new blog Open Business Models . It describes how professional photographers selling their pictures on the Web for $150 per shot are put out of business by Web sites like iStockphoto . Millions of amateur photographers are putting up their photos there for $1 per picture. The same has become true for videos, where companies can get video clips from Web sites like iFilm at a fraction of the price it costs to produce such a video. The other two examples in the article, the innocentive marketplace who is outsourcing chemical and pharmaceutical research to individual researchers, and P&G’s connect&develop program sending out technology entrepreneurs on a global hunt for new product ideas are well-known examples of highly successful collaborative innovation also. Recently I stumbled into another great example, when I was speaking at the 125 year anniversary of Telekom Austria in Vienna. Besides eating...