Big Companies Try Crowdsourcing  News

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Francis Otim

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Focus Areas:

Economic Growth and Trade, Digital Finance, Digital Inclusion & Connectivity and 3 MoreSEE MORE

Economic Growth and Trade, Digital Finance, Digital Inclusion & Connectivity, Acceleration, Digital Development and Digital Inclusion & ConnectivitySEE LESS

Regions:

Africa, Asia and Pacific, Europe and Eurasia and 3 MoreSEE MORE

Africa, Asia and Pacific, Europe and Eurasia, Latin America / Caribbean, North America and Middle East and North AfricaSEE LESS

Crowdsourced labor usually involves breaking a project into tiny component tasks and farming those tasks out to the general public by posting the requests on a website. Many firms that use crowdsourcing pay pennies per microtask to complete projects such as tagging or verifying data, digitizing handwritten forms and database entry. Companies that have assigned work to the crowd say it is generally cheaper and faster than hiring temps or traditional outsourcing firms.