Collective Knowledge

Distributed knowledge: knowledge from users for users

The term collective knowledge is used when a large number of individuals contribute their knowledge and skills to a group. This collective knowledge has a positive effect on the knowledge of the entire group. As a result, the decisions and assessments made by a large, generally heterogeneous group of people achieve results that can compare with those of experts.

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Significance for Crowdsourcing

This phenomenon is important to crowdsourcing because it represents a large scope of tasks for crowdsourcing platforms. The companies no longer need experts for many tasks or assignments. They can outsource them to the respective platforms and still achieve a high quality result similar to that of an expert. This not only benefits the company but the workers too. Whilst the company doesn’t have to headhunt or recruit and pay an expert the workers too will not need to have very high or specific qualifications or experience. Yet the results cna be the same leading to new ideas and processes to be put into place.

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How Collective Knowledge can Help

Collective knowledge can help more than people realise. It is common for people and even animals to use their collective knowledge to come to conclusions and research ideas. This use of collective wisdom and intelligence is seen across all spectrums and cultures due to people wanting to make like more enjoyable through understanding one another. When applied in a business sense however, it becomes even more powerful. It has been proven that many problems that require cognition and cooperation are best solved by large groups. It’s found that the group’s ideas and answers excel those of an expert. Harnessing this knowledge means that it can be applied to cutting-edge research and development in many areas such as AI, health care, conflict resolution, seeking diverse experience and more.