Saturday, October 31, 2009

Crowd computing

                                  Crowd computing is an overarching term which defines the plethora of human interaction tools that enable idea sharing, non-hierarchical decision making and the full utilization of the world’s mind space. Examples of these tools (many falling under the Web2.0 umbrella) include collaboration packages, information sharing software, such as Microsoft’s SharePoint, wikis, blogs, alerting systems, social networks, SMS, MMS, Twitter, Flicker, and even mashups. Business and society in general increasingly rely on the combined intelligence, knowledge, and life experiences of the “crowd” to improve processes, make decisions, identify solutions to complex problems and monitor changes in consumer taste.  An early example of crowd computing was the discovery of a gold deposit location at the Moribund Red Lake Mine in Northern Ontario. Using all available data, the company, Goldcorp, Inc. had been unable to identify the location of new deposits on their land. In desperation, the CEO put all relevant geological data on the web and created a contest, open to anyone in the world. An obscure firm in Australia used their software and algorithms to crack the puzzle. As a result, the company found an additional 8 million ounces of gold at the mine. The only cost was the nominal prize money awarded.

Posted via web from sdn's posterous

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