Crowed wisdom can be effective brainstorming and productive technique for rapidly and quicly generate tones and tones of new ideas about a certain subject and removig the all constrains on creativity. It is the upscaling and the expansion of the brainstorming but instead of doing it within very close stakeholders and participants. crowd wisodm will expand the contribution to include the widest circle possible can be involved. It requires smart management of the generated ideas to convert them to effective and achievble ideas otherwise crowed wisdom can be turned to random noise cancelling each other and the point of it will be missed.
The efficinecy of the crowd wisodm by expanding the crowed and encourage each member to effectively participate and provide the all required facilities to stimulate their minds and to educate them about the problem.
Some statistical tools can be utilized to measure the process and to convert it to quantitative results like histogram of the ideas and sorting them based on the most agreed and most suggested or the most economic or most affordable or most achievalbe or most creative.
So mnay cases can be addressed by the crowed wisdom so for instance the oil spill.
BP is struggling to plug the blown well and obviously the problem wasn't addressed before and it needs totally out of the box solution. Crowd wisodm will stimulate hundreds, thoiusands or even millions of brains into the problem and this will have the potential to widen the space thinking and creativity to its limits.
Now the problem only discussed within very closed circle of special matter experts but sometimes the out of box ideas can be effectively contributed by the non experts.
In business also, so many challenges can be addressed by the crowed wisdom. If the company managed to effectively include the widest circle of employees to contribute and participate in solving the company challenges, then thye could come up with very non traditional and creative and out of the box ideas for their business.
Other ideas as well will not be wasted but they can be reserved as ideas tank or reserve to be assessed and utilized when the appropriate time comes.
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