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Crowdsourcing involves obtaining work, information, or opinions from a large group of people who submit their data via the Internet, social media, and smartphone apps. People involved in crowdsourcing sometimes work as paid freelancers, while others perform small tasks voluntarily. For example, traffic apps encourage drivers to report accidents and other roadway incidents to provide real-time, updated information to app users.

Crowdsourcing allows companies to farm out work to people anywhere in the country or around the world, as a result, crowdsourcing lets businesses tap into a vast array of skills and expertise without incurring the normal overhead costs of in-house employees.

Crowdsourcing is becoming a popular method to raise capital for special projects. As an alternative to traditional financing options, crowdsourcing taps into the shared interest of a group, bypassing the conventional gatekeepers and intermediaries required to raise capital.

While crowdsourcing seeks information or work product, crowdfunding seeks money to support individuals, charities, or startup companies. People can contribute to crowdfunding requests with no expectation of repayment, or companies can offer shares of the business to contributors.

Crowdsourcing is a good practice because it allows the company to raise information and expertise from people all over the world, without having to actually hire them as regular employees – with all the costs involved in that.

To make crowdsourcing work well, the business must first break the big project into micro-tasks. So, the company will probably use a digital space (the crowdsourcing platform) to put everything together.

The advantages of crowdsourcing include cost savings, speed, and the ability to work with people who have skills that an in-house team may not have. If a task typically takes one employee a week to perform, a business can cut the turnaround time to a matter of hours by breaking the job up into many smaller parts and giving those segments to a crowd of workers.

Marketers can use the slides from this template when preparing their new product-to-market strategy. For example, you can prepare a structure for obtaining information about competitors or the stages of preparing a product for sale. This template can also be used by engineers when preparing a commissioning plan for a new production line or new equipment.

Crisis managers can use the slides from this template when preparing their strategy for getting the company out of a crisis. Startup executives can use this template when preparing to meet with investors. This template can also be used by IT specialists when discussing digital applications at weekly sprints.

Crowdsourcing Model is a professional and modern template that contains four stylish and fully editable slides. The template is designed in a warm color scheme and contains a lot of infographics. If necessary, you can change the color scheme to suit your corporate requirements. This template will be useful for company executives, project managers, department heads and marketers. The Crowdsourcing Model template will organically complement your presentations and will be a great addition to your collection of professional presentations.