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Jake Corkin

Economic ideas regarding internet and other "free" things - 4 views

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    Recommended to me by dr. burton. "turns many conventional economic ideas upside down". this should be good.
Erin Hamson

Free! Why $0.00 Is the Future of Business - 4 views

shared by Erin Hamson on 25 Sep 10 - Cached
Andrew DeWitt liked it
  • zero-cost distribution has turned sharing into an industry
    • Bri Zabriskie
       
      This article is long but well worth skimming. I used a quote from it in one of my latest blogposts, "Free Entertainment?" at bricolorful.wordpress.com
  • Invent something people use and throw away.
    • Erin Hamson
       
      Eliminates scarcity
  • By giving away the razors, which were useless by themselves, he was creating demand for disposable blades.
    • Erin Hamson
       
      Supply and demand
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  • The fastest-growing parts of the gaming industry are ad-supported casual games online and free-to-try massively multiplayer online games
    • Erin Hamson
       
      Still need a way to make money
  • The first is the extension of King Gillette's cross-subsidy to more and more industries.
    • Erin Hamson
       
      That is, giving somethings to make you buy others
  • The second trend is simply that anything that touches digital networks quickly feels the effect of falling costs.
  • And that meant software of broader appeal, which brought in more users, who in turn found even more uses for computers.
    • Erin Hamson
       
      Cheaper goods brings in more people allowing the standard of living to rise for all.
  • FREE CHANGES EVERYTHING
    • Andrew DeWitt
       
      Wow, this is awesome.  Imagine the world of free electricity.  It makes me wonder what our age of free digital will bring.
    • Kristi Koerner
       
      I actually agree that some things, maybe even more things, should be free. But not as a marketing ploy. And this system seems to go against our capitalist ideals of competition.
  • The most common of the economies built around free is the three-party system. Here a third party pays to participate in a market created by a free exchange between the first two parties.
    • Erin Hamson
       
      Where the money comes in.
  • There are dozens of ways that media companies make money around free content, from selling information about consumers to brand licensing, "value-added" subscriptions, and direct ecommerce
  • subscription model of media and is one of the most common Web business models.
  • Isn't it just the free sample model found everywhere from perfume counters to street corners?
  • the manufacturer gives away only a tiny quantity
  • A typical online site follows the 1 Percent Rule — 1 percent of users support all the rest.
  • Yahoo's pay-per-pageview banners, Google's pay-per-click text ads, Amazon's pay-per-transaction "affiliate ads," and site sponsorships were just the start.
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    A seminal post that became the basis of Anderson's 2009 book, FREE (Hyperion) 
Erin Hamson

The Frontier In American History: Chapter X - 0 views

  • As the American pioneer passed on in advance of this new tide of European immigration, he found lands increasingly limited
    • Erin Hamson
       
      The close of the Frontier
  • . But the captains of industry by applying squatter doctrines to the evolution of American industrial society, have made the process so clear that he who runs may read.
  • it seemed not impossible that the outcome of free competition under individualism was to be monopoly of the most important natural resources and processes by a limited group of men whose vast fortunes were so invested in allied and dependent industries that they constituted the dominating force in the industrial life of the nation
    • Erin Hamson
       
      Unregulated turn of events, the people were turned loose and made the best of it. What is wrong with this? They set the standards, and there is no room for competition.
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  • Mr. Harriman
  • mastering the economic forces of the nation
    • Erin Hamson
       
      According to Adam Smith and the free market economy theory, the people are the best regulators. This sounds like socialism...
  • The Granger and the Populist were prophets of this reform movement. Mr. Bryan's Democracy, Mr. Debs' Socialism, and Mr. Roosevelt's Republicanism all had in common the emphasis upon the need of governmental regulation of industrial tendencies in the interest of the common man
  • "the State University and the public school system which it crowns would be the strongest evidence of its fitness which it could offer."
  • "general system of education ascending in regular gradations from township schools to a State University, wherein tuition shall be gratis and equally open to all," expresses the Middle Western conception born in the days of pioneer society and doubtless deeply influenced by Jeffersonian democracy.
    • Erin Hamson
       
      applying pioneer principles of avaliability and indivdualism to education and other opportunities to suceed in life as presently constituted.
  • propaganda to induce students to continue
    • Erin Hamson
       
      Want everyone to go to college to become their best individual self.
  • all under the ideal of service to democracy rather than of individual advancement alone
  • The times call for educated leaders.
    • Erin Hamson
       
      And have yet to cease to call for experienced leaders. Which is why we are all sitting here reading this, to become educated leaders.
  • The test tube and the microscope are needed rather than ax and rifle in this new ideal of conquest
    • Erin Hamson
       
      influence of technology on life
  • It is hardly too much to say that the best hope of intelligent and principled progress in economic and social legislation and administration lies in the increasing influence of American universities.
  • able to think for themselves, governed Dot by ignorance, by prejudice or by impulse, but by knowledge and reason and high-mindedness,
  • The learning of the few is despotism; the learning of the many is liberty.
  • At first pioneer democracy had scant respect for the expert.
    • Erin Hamson
       
      individualism
  • That they may perform their work they must be left free, as the pioneer was free, to explore new regions and to report what they find; for like the pioneers they have the ideal of investigation, they seek new horizons.
    • Erin Hamson
       
      application of pioneer ideals
  • Thus it is the function of the university to reveal to the individual the mystery and the glory of life as a whole
    • Erin Hamson
       
      opening the mind to new ideas and ideals
Daniel Zappala

A Logic Named Joe - 1 views

  • Say you punch "Station SNAFU" on your logic. Relays in the tank take over an' whatever vision-program SNAFU is telecastin' comes on your logic's screen. Or you punch "Sally Hancock's Phone" an' the screen blinks an' sputters an' you're hooked up with the logic in her house an' if somebody answers you got a vision-phone connection. But besides that, if you punch for the weather forecast or who won today's race at Hialeah or who was mistress of the White House durin' Garfield's administration or what is PDQ and R sellin' for today, that comes on the screen too.
    • Daniel Zappala
       
      Joe is Google
  • it made Joe a individual
    • Daniel Zappala
       
      Joe has machine intelligence.
  • But I think he went kinda remote-control exploring in the tank.
    • Daniel Zappala
       
      Joe is using data mining.
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  • An' logics can do a Iotta things that ain't been found out yet.
    • Daniel Zappala
       
      In science fiction, machine intelligence launches us into the unknown -- computers might be able to do things that we can't conceive of ourselves!
  • In theory, a censor block is gonna come on an' the screen will say severely, "Public Policy Forbids This Service."
    • Daniel Zappala
       
      Joe disables content filtering services.
  • The screen says, "Service question: What is your name?" She is kinda puzzled, but she punches it. The screen sputters an' then says: "Secretarial Service Demonstration! You—" It reels off her name, address, age, sex, coloring, the amounts of all her charge accounts in all the stores, my name as her husband, how much I get a week, the fact that I've been pinched three times—twice was traffic stuff, and once for a argument I got in with a guy—and the interestin' item that once when she was mad with me she left me for three weeks an' had her address changed to her folks' home. Then it says, brisk: "Logics Service will hereafter keep your personal accounts, take messages, and locate persons you may wish to get in touch with. This demonstration is to introduce the service."
    • Daniel Zappala
       
      More echoes of Google -- privacy vs convenience
  • Then I sweat!
    • Daniel Zappala
       
      Social networking makes it easier to be unfaithful, causes tension in marriages.
  • Logics are civilization! If we shut off logics, we go back to a kind of civilization we have forgotten how to run!
  • That couldn't be allowed out general, of course. You gotta make room for kids to grow up. But it's a pretty good world, now Joe's turned off. Maybe I'll turn him on long enough to learn how to stay in it. But on the other hand, maybe—
    • Daniel Zappala
       
      Technology introduces new moral questions
Jeffrey Whitlock

Turning eReaders To Mobile Phones, Is This The Future? | Best Ereaders - 0 views

    • Jeffrey Whitlock
       
      I disagree with this article, it may be true for the developed world but cell phones currently stand as the most viable option for extending litteracy into the third world countries.
Gideon Burton

The Internet? We Built That - NYTimes.com - 1 views

  • it’s impossible to overstate the importance of peer production to the modern digital world.
  • What sounds on the face of it like the most utopian of collectivist fantasies — millions of people sharing their ideas with no ownership claims — turns out to have made possible the communications infrastructure of our age.
  • Peer networks laid the foundation for the scientific revolution during the Enlightenment, via the formal and informal societies and coffeehouse gatherings where new research was shared. The digital revolution has made it clear that peer networks can work wonders in the modern age.
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  • We have an endless supply of folklore about heroic entrepreneurs who changed the world with their vision and their force of will. But as a society we lack master narratives of creative collaboration.
  • what the Internet and its descendants teach us is that there are now new models for doing things together, success stories that prove convincingly that you don’t need bureaucracies to facilitate public collaboration, and you don’t need the private sector to innovate
Erin Hamson

Compulsory Voting - 0 views

  • "will of the electorate"
  • Governments must consider the total electorate
  • Candidates can concentrate their campaigning energies on issues rather than encouraging voters to attend the poll
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  • Voting is a civic duty
  • benefits of political participatio
    • Erin Hamson
       
      In the old sense liberty is the ability to participate in government, why would you turn this down?
    • Erin Hamson
       
      Through forcing people to the polls you encourage them to think about what they are doing, and they don't have to vote for anyone
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    This is website a friend posted to my blog, that relates to my post on open government and compulsory voting.
anonymous

The Herald - 0 views

    • anonymous
       
      View on capitalism as the cause of economic down turn. Brief talk on history of communism and socialism and why it failed. Seems to support socialism
  • Third, it wasn’t because communist countries rejected markets that they failed. It was because they backed off of Marxist-Leninist principles, and conciliated with capitalism, that they collapsed.
  • Second, communism had not a moment’s rest from attempts by the capitalist countries to destroy it.
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  • communism arose under inauspicious circumstances.
  • apitalism being too weak to block the rise of revolution meant that the revolution would have to take hold in a country where the working class was small and the industrial base — necessary to progress toward a communist society of plenty — was rudimentary at best
  • gainst the far right’s explanation that immigration is the cause of joblessness, the left could point out that insecurity is caused by the failure — indeed refusal — of capitalism to offer secure employment to all; that the solution is to transcend the capitalist system; and that where it has been transcended in the past, secure employment has been made available to all, along with guaranteed healthcare, security in old age, subsidised housing, free education, and a raft of other mass-oriented reforms
  • There is no freeloading in a socialist society. Work is an obligation
  • capitalism is the cause of your problems
  • Sweden, often celebrated as a social democratic paragon and held out as an attractive alternative to Marxist-Leninist-style socialism, has proved no less vulnerable to outbreaks of recession-induced xenophobia than bastions of neo-liberalism have
  • Attributing the demise of really-existing socialism to internal failings, and ignoring seven decades of efforts to exterminate the communist challenge — a practice of both the right and left — is a peculiar form of blindness.
Braquel Burnett

http://history.hanover.edu/courses/excerpts/111dar.html - 1 views

    • Erin Hamson
       
      Selective breeding 
  • There is no obvious reason why the principles which have acted so efficiently under domestication should not have acted under nature.
    • Erin Hamson
       
      Logical Conclusion
  • With animals having separated sexes there will in most cases be a struggle between the males for possession of the females.
    • Erin Hamson
       
      One type of competition
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  • No one can draw any clear distinction between individual differences and slight varieties; or between more plainly marked varieties and subspecies, and species.
  • why should we doubt that variations in any way useful to beings, under their excessively complex relations of life, would be preserved, accumulated, and inherited?
    • Erin Hamson
       
      Progression, in species rather than individual people.
  • The theory of natural selection, even if we looked no further than this, seems to me to be in itself probable. I have already recapitulated, as fairly as I could, the opposed difficulties and objections: now let us turn to the special facts and arguments in favour of the theory.
    • Erin Hamson
       
      It seems perfectly logical.
  • On the view that species are only strongly marked and permanent varieties, and that each species first existed as a variety, we can see why it is that no line of demarcation can be drawn between species, commonly supposed to have been produced by special acts of creation, and varieties which are acknowledged to have been produced by secondary laws. On this same view we can understand how it is that in each region where many species of a genus have been produced, and where they now flourish, these same species should present many varieties; for where the manufactory of species has been active, we might expect, as a general rule, to find it still in action; and this is the case if varieties be incipient species.
    • Erin Hamson
       
      Starting with the premise that species came from one, ie "first existed as a variety", if they were each distinctly created, then this logic is false, because the premise is false. 
  • preserve the most divergent offspring
  • Hence during a long-continued course of modification, the slight differences, characteristic of varieties of the same species, tend to be augmented into the greater differences characteristic of species of the same genus.
    • Erin Hamson
       
      How species come about.
  • New and improved varieties will inevitably supplant and exterminate the older, less improved and intermediate varieties; and thus species are rendered to a large extent defined and distinct objects.
    • Erin Hamson
       
      Extinction
  • This grand fact of the grouping of all organic beings seems to me utterly inexplicable on the theory of creation.
    • Erin Hamson
       
      The fact that there are relations among different species. 
  • But why this should be a law of nature if each species has been independently created, no man can explain.
  • As natural selection acts solely by accumulating slight, successive, favourable variations, it can produce no great or sudden modification; it can act only by very short and slow steps
    • Erin Hamson
       
      Where is the evidence for these short steps? 
  • The wonder indeed is, on the theory of natural selection, that more cases of the want of absolute perfection have not been observed.
  • As natural selection acts by competition, it adapts the inhabitants of each country only in relation to the degree of perfection of their associates;
    • Erin Hamson
       
      Imperfection of Nature
  • we believ
    • Erin Hamson
       
      STILL NEEDS FAITH?
  • Natura non facit saltum
    • Braquel Burnett
       
      It means "nature does not make jumps." (http://en.wikipedia.org/wiki/Natura_non_facit_saltus)
Gideon Burton

Digital Age Damaging Learning | Nicholas Carr - 2 views

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    Carr's contrarian ideas are discussed here. He obviously overstates concerns but the points are each worth debating. 
LeeAnne Lowry

The Tocqueville Fraud - 1 views

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    Oh snap. Apparently America is in love with Tocqueville's explanation and narrative found in Democracy in America; however, it turns out that many of the lines people quote aren't actually in the book (or any of his writings for that matter).
Katherine Chipman

The Story of the Triangle Fire: Part 3 - 0 views

  • Many of the Triangle factory workers were women, some as young as 15 years old. They were, for the most part, recent Italian and European Jewish immigrants who had come to the United States with their families to seek a better life. Instead, they faced lives of grinding poverty and horrifying working conditions.
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    It is so sad to see that the freedom that people come to America hoping to find sometimes instead turns out to be worse than what they may have left behind.
LeeAnne Lowry

Computing History - 0 views

  •  
    I thought this was pretty cool. It gives a lay out of which people pioneered different ideas that eventually turned into our modern day computers!
Erin Hamson

MIT OpenCourseWare | Biology | 7.012 Introduction to Biology, Fall 2004 | Video Lecture... - 0 views

  • And what this means is that if you look at a pedigree like this, and for example, here we have a mother and a father, girls are always round, boys are square. And here you'll see the mitochondrial DNA, it's donated to all of the children, but the fact is that these boys, when they mate, when they have offspring, they will no longer pass along her mitochondrial DNA, so it will be lost. And the only way the mitochondrial DNA can be transmitted is through one of her daughters, who in turn, have daughters.
  • Here's some other interesting principles. Mitochondrial DNA passes always from the mother, so when a fertilized egg is formed, Dad gives his chromosomes, but he doesn't donate for any, doesn't donate any mitochondrial DNA.
  • animals are related to one another. This is kind of a fun undertaking. Look at this. Why is it fun? Well it's, it's kind of an amusing idea, how often were cows domesticated during the history of humanity? How often were sheep domesticated? Pigs, water buffalos, and horses. And what you see here is that cattle were domesticated on two occasions, probably once in Western Asia, the middle east, and once in Eastern Asia. Sheep were domesticated twice, all modern sheep following these two families here
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  • And that is, certain genes can evolve progressively over a long period of time, because they don't encode vital functions, or they may even be sequences between genes that don't encode phenotype at all. Imagine, for example, we have a situation were here we have a gene which encodes a vital function, like the eye, here's another gene that encodes another function, oh I don't know, a leg. And here we have intergenic sequences. After all, as you have learned by now, more than 96% of the DNA in our genome, doesn't encode proteins, and probably isn't even responsible for regulating genes. So these sequences, right in here, can mutate freely during the course of evolution, without having a deleterious effect on the phenotype of the organism. There's no evolutionary pressure to constrain the evolution of these genes
  • And many of these neutral mutations, which have no effect on organismic fitness, but are simply evolutionary neutral, are sometimes called polymorphisms. The term polymorphism, -morph is once again morphology, derives from the fact that species tend to be polymorphic, we don't all have blond hair, we don't all have brown eyes.
  • If you look at two chimpanzees living on opposite sides of the same hill in West Africa, they are genetically far more distantly related to one another, than any one of us, by a factor of 10 to 15. Two chimpanzees, they look exactly the same, they have the same peculiar habits, but they're genetically far more distantly-related than we are to one-another, than I am to any one of you, or than any one of you is to one another. And what does that mean? It means that, roughly speaking, the species of chimpanzees is, at least, 10 or 15 times older than our species are. We're a young species, chimpanzees probably first speciated three or four million years ago, if the paleontological record is, is accurate. Paleontology is the study of old, dusty bones, so you can begin to imagine when chimpanzee bones become recognizable in the earth.
  • And what you see already, in such small populations, is that for example, this male here has two girls, and right away, to the extent he had an interesting Y chromosome, that Y chromosome was lost from the gene pool. This girl, here, had an interesting mitochondrial DNA, but right away that's lost, because she has, she has just two boys. And what you see, in very rapid order, in small populations, there's a homogenization of the genetic compliment, just because the alleles are lost within what's called, genetic drif
  • And if you ask that question, the answer is that we all had a common ancestress who lived about 150,000 years ago. All of us trace our mitochondrial DNA to her. Does that mean that there was only one woman alive there, she's called, Mitochondrial-Eve, again, we don't know her name. Does that mean there was only one woman alive, well it doesn't mean that at all because of what I just told you, in small populations the proto-human population.
  • How much are all of our mitochondrial DNA are related to one another, how distantly related are they to one another, given the rate of evolution of mitochondrial DNA sequences?
  • So where do we all come from, all of us human beings? How closely related are we to one another? Here's, here's a measurement of the distances between different mitochondrial DNA's from different branches of humanity. And what you see is something really quite extraordinary and stunning. Here, you'll see that the people, the non-African lineages here and here, are actually relatively closely related to one another.
  • And by the way, all the genes that are present here, the alleles that are present here, can also be found in Africa, but in relatively small proportions in Africa
    • Erin Hamson
       
      Suggesting that all people came from Africa
  • So, what happens there, that's a testimonial to the tragic fate of the Indians, where the conquistadors from Spain came in, killed all the men, and took all the women, to be their brides. How else can you explain the fact that there's no Indian Y chromosomes, there's all, there is instead only European Y chromosomes.
  • When you do genetic counseling of family these days, one of the strictures is, that you never tell the family if the children have genetic polymorphisms that don't match that of the person whom they think is their father. They don't look like their, the person whom they regard as father, but that's always assumed to be a role of the genetic dice.
  • Here's a fun story I like to tell each year, and it's about the Cohen and Y chromosome, and you'll see what an amusing story this is, just from genetics. Now the name Cohen, in Hebrew means, a high priest, and you've heard people named Cohen, it's not such an uncommon name among the Jews. And it says, in the Bible, in Genesis and Exodus, that all the high priests in the Bible are the descendants of Aaron, the brother of Moses.
  • hen it should be the case that all male Cohen's should have the same Y chromosome, right?
  • Because keep in mind, any single affair with the milkman or the mailman, over 3,000 years, would've broke this chain of inheritance, any single incidence of non-paternity. It's a really astounding story, and it's hard, there can be no artifact to it, there's no bias in it, there's no other way to explain it.
  • And what they found was that all members of the, almost all members of the ruling cast among the Lembas, had the same Y chromosome, and the Y chromosome had exactly the same polymorphisms of the Cohen Y chromosome
  • What I'm telling you is that these two genes are totally interchangeable, that they are effectively indistinguishable from one another, functionally they have some sequence relatedness, but in terms of the way they program development, they are effectively equivalent. And what this means is that the progenitor of these two genes must've already existed at the time that the flies and we diverged, which six or seven-hundred million years ago, and in the intervening six or seven-hundred million years, these genes have been totally unchanged.
  • once the gene was developed, evolution could not tinker with it, and begin to change it in different ways, ostensibly because such tinkering would render these genes dysfunctional, and thereby would inactivate them, thereby depriving the organism of a critical sensory organ.
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    An excellent discourse on who evolution works, and what it means for us today.
David Potter

Felix Frankfurter's Revenge? A Democracy Built by Judges - 0 views

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    This taped lecture. Summary: Beginning with its landmark decision in Baker v. Carr (1962), the Supreme Court has been actively involved in shaping American democracy for almost 50 years. In his dissent, Justice Felix Frankfurter warned we would rue the day we allowed judges, acting as amateur political scientists, to have the final word on the functioning of American democracy. Enough time has passed to test Justice Frankfurter's hypothesis. Do cases like Bush v. Gore (2000), where five Justices prevented the counting of Florida's votes in the 2000 presidential election, and Citizens United v. Federal Election Commission (2010), where five justices turned American democracy over to corporate lobbyists, mean that Frankfurter was right?
James Wilcox

Alan Turing: a short biography - 5 - 0 views

  • Turing was captivated by the potential of the computer he had conceived. Although his 1936 work had shown the absolute limitations of the computable, he had become fascinated by what Turing machines could do, rather than by what they could not. He had long abandoned his youthful expectations of finding free will or free spirits through quantum mechanics. His later thought was strongly determinist and atheistic in character. And by the end of the Second World War he had turned against the tentative idea that there were steps of 'intuition' in human thought corresponding to uncomputable operations. Instead, he held that the computer would offer unlimited scope for practical progress towards embodying intelligence in an artificial form.
Shuan Pai

Reaganomics, by William A. Niskanen: The Concise Encyclopedia of Economics | Library of... - 0 views

  • Reaganomics" was the most serious attempt to change the course of U.S. economic policy of any administration since the New Deal.
  • These major policy changes, in turn, were expected to increase saving and investment, increase economic growth, balance the budget, restore healthy financial markets, and reduce inflation and interest rates.
Brandon McCloskey

BBC News - Why companies watch your every Facebook, YouTube, Twitter move - 0 views

  • These days one witty Tweet, one clever blog post, one devastating video - forwarded to hundreds of friends at the click of a mouse - can snowball and kill a product or damage a company's share price.
  • It's a dramatic shift in consumer power. But what if companies could harness this power and turn it to their advantage?
  • At the most basic, these tools measure the volume of social media chatter. Researchers at Hewlett Packard showed that they can accurately predict a Hollywood movie's box office takings by counting how often it is mentioned on Twitter before it opens.
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  • One European clothing company, popular with inner city youth in the United States, admits privately that its social media team is baffled by its customers' ever changing slang, and even the online Urban Dictionary provides little help.
  • Social media is quickly becoming a customer relationship management system, as companies have "for the first time access to people's minds in real-time," says Jorn Lyseggen. The tools on offer provide companies with dashboards that show trends, hot topics, the reach of brands, customer mood and how competitors are doing.
  • Social media may be all the buzz, but in reality "only a few firms get it [and use it], it's of peripheral interest for most", says Tom Austin at technology consultancy Gartner. Few realise that using social media has become much more than customer service and reputation management.
  • many social media tools are poorly integrated into the corporate workflow
  • But there are dangers. Financial Times columnist Lucy Kellaway warns that the obsession with social networking can make management lose focus.
  • To survive the world of social media, companies have to throw away their old marketing playbook.
  • "don't push... and don't pretend you are hip"
  • "Once companies have worked out that they should do something with social media, they usually don't know how to do it,"
  • "If you want to influence the people who influence your customers, that's a very powerful game, but it's also very dangerous if you get it wrong."
  • it's not about how many friends or followers somebody has, but whether they make an impact.
  • When Virgin America recently launched new routes from California to Toronto, it used Klout to identify a small group of social media "influencers" and gave them free flights. This generated thousands of tweets, triggered press coverage and delivered more immediate impact than traditional advertising.
  • "Consumers are spending their attention on social media," he says, but firms don't know how to repay them properly. "There's no manual for that yet."
  • Social media are dynamic, and today's Twitter may be tomorrow's forgotten website. "Don't assume that what works today will work tomorrow," says Tom Austin at Gartner. "Your model has to be continually adapted."
Brandon McCloskey

Crowdsourcing: Turning customers into creative directors - 1 views

  • "What we think is good for the consumer doesn't matter - it's what the consumer thinks is good that matters."
  • When you link the consumer to the manufacturer there are huge areas of opportunity
  • It's the internet, of course, that makes crowdsourcing possible - on a global scale.
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  • But there are pitfalls. "The biggest caveat is the issue of curation. It's great you opening the gates up to everybody - but all of a sudden you're going to get a lot more stuff."
  • "We later learned that it was this revolutionary business model. I think the reason it's so pure like that is the reason it's worked so well as a crowdsourcing company."
  • "I think that the way companies are seeing crowdsourcing is a lot different from the way we see it. They are looking at it as this new business model, as a way to outsource your work to an anonymous crowd of people. We're more about giving people something productive to do with their passions."
  • it's not so much the software that makes the company, it's the community
  • "It's an affordable way to be ahead. You're able to see what your customers are thinking and what they're dreaming of, and you're able to measure that against what you're doing."
  • His concern is that by "mining" the crowd in this way, the wealth that results from the work done remains concentrated in the hands of the people who put out the call - ultimately endangering jobs and the economy. Mr Lanier also believes that crowdsourcing threatens creativity.
  •  
    Examples of successful crowdsourcing
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