Crowdsourcing

Crowdsourcing is sometimes otherwise referred to as Mass Collaboration, Open Innovation, Community Production, Mass Solutions, Constituent Driven Innovation, Connected Intelligence, Collective Wisdom, Intelligent Networks and Human Networks.

Crowdsourcing is the act of outsourcing tasks, traditionally performed by an employee or contractor, to a large group of people or community (a crowd), through an open invite (call).

Crowdsourcing is typically enabled through online communities consisting of members with common skills or interests and is applied as a model that enables individuals and groups to innovate, create, produce, report, predict, collaborate, fund and to engage customers.
Crowdsourcing is being used to create, raise funds, engage customers, innovate, share knowledge, make predictions, promote social and environmental causes.

Crowdfunding (sometimes referred to as crowdfinancing, crowdinvesting or crowdsourced capital) is an approach to raising capital for new projects and businesses by soliciting micro donations from a large number of stakeholders. Charities and non-profits have long used this fundraising model in an offline context; however, with the advent of social media, and web 2.0 technologies, crowdfunding has become a viable fundraising mechanism for film, journalism and music in addition to nonprofit organizations.http://www.crowdsourcing.org

C-Mon & Kypski have turned to the web to help make the music video for their song “More is Less.” At the time of writing, 19,618 people have already collaborated on the project, with the video updated every hour over on the One Frame Of Fame site.