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Outsourcing is passe. Is crowd sourcing in?

Read this over commodityonline.com

"The industrial revolution and assembly line revolutionised the way products were manufactured in large scale as compared to small scale or cottage industries in the 18th and 19th centuries.

In the 20th century, the advent of 'outsourcing' business model changed the way businesses looked at manufacturing and services activities. The realisation came that large companies could sublet a part of their functions to other companies around the globe to save on labour costs and time. Ofcourse, this led to creation of more jobs and wealth in developing nations while workers in developed countries who lost their jobs as a result cried foul.

Now, project management has entered ver 3 perhaps advancing upon the 'outsourcing'concept a little further and working across boundaries-- the new concpet is 'crowd sourcing'. It may even emerge as a threat to 'outsourcing industry'. In crowd sourcing specialists companies help other companies to manage their critical tasks using the internet to tap into vast pools of talent and creativity.

Crowdsourcing, the process of using a distributed, unrelated group of workers to carry out tasks over the Internet, has long been associated with speed and low cost. The new generation of crowdsourcing addresses one of the biggest previous limitations of this approach: the difficulty of linking simple online tasks into sophisticated workflows.

One such US company called CloudCrowd is using 'Labor-as-a-service' platform in helping companies reduce overhead, increase efficiency, and lower costs by breaking large projects into smaller tasks, and distributing them to its virtual workforce. It has already won a few awards for innovation in business.

According to CloudCrowd's CEO, Alex Edelstein, "First generation crowdsourcing solutions only offered a limited range of feasible tasks, and they required too much management and delivered poor work quality. CloudCrowd is the next generation of crowdsourcing because it can handle much more complex tasks. Plus it's fast, accurate, and very reliable."

Working closely with their clients, CloudCrowd's team of project managers and developers manage every step, from creating the most efficient way to get tasks done to delivering the finished work. The company distributes tasks to its online registered workers at CloudCrowd Workspace. Each does a portion of a client's project, allowing tasks to be completed much more quickly than they would be done in-house, or even with traditional outsourcing.

CloudCrowd's sophisticated credibility framework runs the task results through a proprietary reputation management process to ensure the accuracy of the finished work. CloudCrowd currently has more than 18,000 workers. Each earns their own Credibility Rating which determines the types of tasks they are offered. Workers are able to see how much each separate task pays, and earnings are distributed through PayPal. CloudCrowd has already posted more than 60,000 individual tasks in a single day. "

would love to know your opinion on the same .

Tags: Is, Outsourcing, crowd, in?, is, passe., sourcing

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