Crowd Work

Crowd Work is a phenomenon of the digital economy as well as of the modern IT era. It provides a great potential for changing the way in which businesses create value. . For instance, the gold producer Goldcorp1 made its geographical databases available to the public and offered a prize to anyone wh...

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Bibliographic Details
Published in:Business & information systems engineering 2016-08, Vol.58 (4), p.281-286
Main Authors: Durward, David, Blohm, Ivo, Leimeister, Jan Marco
Format: Article
Language:English
Subjects:
Business and Management
Catchword
Crowdfunding
Crowdsourcing
Digitization
Employment
Information systems
IT in Business
Museums
Software
Studies
Technological planning
Value creation
Workers
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Summary:Crowd Work is a phenomenon of the digital economy as well as of the modern IT era. It provides a great potential for changing the way in which businesses create value. . For instance, the gold producer Goldcorp1 made its geographical databases available to the public and offered a prize to anyone who could tell them where to nd gold. The results of this open call enabled Goldcorp to increase its gold production from 53,000 to 504,000 oz a year, while it cut production costs from $360 to $59 per ounce. As a consequence, the value of Goldcorp increased from $100 million to $9 billion. This example illustrates Crowd Work as a form of gainful employment that creates digital goods and services by using human, informational, and physical resources or makes extant use of digital tools (Alter 2013). In general, work is a purposeful and conscious activity. By contrast, gainful employment denotes the part of work individuals expend to ensure the means of subsistence and income generation.
ISSN:2363-7005
1867-0202
DOI:10.1007/s12599-016-0438-0