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Crowdsourcing: A Breakdown

document Cloud Labor, Crowdfunding
Summary
Crowdsourcing is a method of work that is becoming increasingly popular. It involves bringing together a large group of people to complete tasks typically performed by a single person or small group. This method is an effective way to accomplish mundane or tedious tasks at a greater rate. The tasks can be done either online or offline and are performed by an undefined public rather than a specific group of paid employees.
Description
A number of different types of tasks can be crowdsourced, but most tasks fall into four major categories:

*Microtasks - involve large projects that are broken down into tiny tasks.

*Macrotasks - These involve presenting an entire project to the crowd of potential workers.

*Crowdfunding is also popular. In this case, rather than paying people to do work, people are asked to donate a specific amount of money to support a specific project or cause.

*Crowdsourced contests - In this case, a crowd is asked to submit ideas for a project, but only the winner or winners are compensated.

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