University of Worcester Worcester Research and Publications

Novel `Crowdsourcing` Methods Will Have Global Impact.

Walton, Nigel (2014) Novel `Crowdsourcing` Methods Will Have Global Impact. The Oxford Analytica Daily Brief.

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The methods used by organisations to forecast the future have changed very little over the last sixty years whilst the speed of change and the level of volatility in the external environment has increased inexorably to hitherto unseen proportions. However, one of the causes of this volatility, Internet technology, may be responsible for providing a solution to the problems of forecasting in highly complex and fast moving macro and micro environments. Crowdsourcing has recently emerged as a credible forecasting technique where information is obtained by enlisting the services of a wide range of different people via the Internet and using this expertise to make future predictions relating to macroeconomic and geopolitical events.

Item Type: Article
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Uncontrolled Discrete Keywords: crowdsourcing, communications, technology, internet, industry, economy, forecasting
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HE Transportation and Communications
H Social Sciences > HF Commerce
T Technology > T Technology (General)
Divisions: College of Business, Psychology and Sport > Worcester Business School
Related URLs:
Depositing User: Nigel Walton
Date Deposited: 11 Nov 2014 09:57
Last Modified: 17 Jun 2020 17:05

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