Wisdom of the Crowds on the Street – Picks Stocks!

Written by on September 27th, 2009

Find out what others are saying about your company or product!

Daily I see more products and services that automatically search the web for people talking about products, services, issues and then aggregates this information and delivers it back to me in a variety of methods to help me make decisions.

So what do you do with that information?

Well in the case of the stock market, you can take mentions of companies, analyze the mentions as positive or negative and then graphically display for others to interpret and use to make a better decision.

Interesting way this blog started.

I wrote a blog article about the “wisdom of the crowds” and the next day a tweet showed up in my Twitter account:

@Philabaum Check outhttp://www.piqqem.com for another example of wisdom of crowds.

Wow, pretty smart!  Did the system automatically find me and post that information, or is someone sitting at a computer somewhere in the world being delivered mentions of words, concepts and ideas who then puts a human spin to them and who then sends the message off?

In my case this really worked.

Not only was I intrigued, I followed the link to the product piqqem and signed up!

Think about how you could use Twitter to watch for mentions of terms and keywords that might identify who you are, what your customers like, attitudes and or locations.    You too could have a business process that would deliver frightenly  fast and relevant information to people who are out there talking about services they like or need.

I’m just starting to get a handle on this.  Would love to know your take!

Millsap College Uses “Wisdom of the Crowds” to Select President

Written by on September 25th, 2009

Life is too complicated. No one person or group has the answers!

You know how-  from time to time – you get a song stuck in your head, and it just keeps playing over and over and over!  I’ve never looked at it too seriously, occasionally I have wondered if the content of the song was something my psyche or soul needed to help it adjust to a situation or to get an “attitude” adjustment.

If you’ve been following my blog, you’ve noticed that I’m stuck in a rut writing more and more about the “wisdom of the crowds” or as some refer to as “crowd sourcing”.

I’ve been greatly influenced by Don Tapscott’s book, Wikinomics, (not just because he’s also named Don) because it really awakened the reality of how the Internet has changed the way we run our lives, businesses and organizations.

In the past, the person at the top of the organization had a phone to the outside world, a very small group of advisors and his or her gut to make decisions.  Today, that same person at the top has a Twitter account,  Facebook account, etc,  which provides them a million points of view on a subject or feedback on a proposed idea or new product. (…More…)