September 26th, 2009
Video: Wisdom of crowds basics
The “wisdom of crowds” concept is simple: the aggregate intelligence of a group of people is higher than that of a single individual.
While the implications of this concept are profound, practical applications are harder to come by. In future blog posts, I will explain how the wisdom of crowds can be leveraged to reduce project failures.
This video describes an historical experiment that demonstrated the power of wisdom of crowds.
Michael Krigsman is CEO of Asuret, Inc., a software and consulting company dedicated to reducing software implementation failures. Click here to discuss this post with him on Twitter. See his full profile and disclosure of his industry affiliations.
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| 09/26/09
