Information System in Business: Exploring Sharing Economy and Crowdsourcing

Running head: INFORMATION SYSTEM IN BUSINESS
INFORMATION SYSTEM IN BUSINESS
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1INFORMATION SYSTEM IN BUSINESS
Table of Contents
Introduction..........................................................................................................................2
Discussion............................................................................................................................2
Explanation of Sharing of economy................................................................................2
Benefits of sharing economy...........................................................................................3
Disadvantages of sharing economy:................................................................................4
The reason behind the use of crowdsourcing website.....................................................5
Sharing economy funding request...................................................................................6
Likely of a request for succeeding...................................................................................6
The contribution of the project to share economy...........................................................7
Reflection of sharing economy for personally at a workplace........................................7
Future of share economy.................................................................................................8
Conclusion...........................................................................................................................9
References..........................................................................................................................10

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Introduction
Share economy can be easily defined as the sharing of assets and services between
private individual by the help of internet. It generally focuses on providing “production”,
“distribution”, and “consumption” of goods which are mainly served by various people and
organization (Hamari, Sjöklint and Ukkonen, 2016). Sharing economy also focuses on providing
a peer to peer platforms along with making use of the providers so as to exchange and purchase
of goods. The main benefits which can be obtained from new technologies are driving
sustainable economic and large number of benefits to environmental (Zervas, Proserpio, and
Byers, 2017). This can be achieved only by cutting down on costs, conservation, and reduction
of a large number of environmental impacts. Consumers, suppliers and on-demand technology
are considered to be critical elements for the sharing economy.
The report mainly consists of an explanation regarding sharing economy. After that, a
brief description of the benefits and limitation of sharing economy has been provided. From the
list of crowdsourcing websites, a suitable website has been selected. After that, a reflection has
been provided share economy and its importance in the workplace. An analysis has been done
regarding the future of sharing economy.
Discussion
Explanation of Sharing of economy
Sharing of the economy is new kind of concept or idea in which various kinds of IT-
based products or services are used, sharing along with leased for individuals and organization
(Schor, 2016). It generally allows multiple kinds of end users to easily develop and consumption
of a large number of IT services. It also focuses on purchasing and maintaining of them on

3INFORMATION SYSTEM IN BUSINESS
individuals’ standards. Sharing economy is also known to be share economy, peer economy,
mesh economy and makes it is known to be collaborative consumption. It generally targets
economic targets individuals and organization (Cusumano, 2017). Sharing economy is for the
individuals and organization which cannot easily target the cost of buying and maintaining of
various kinds of IT based solution. This kind of concept is generally implemented by making use
of consumption of the various kinds’ solution provided by the IT service providers.
Crowdsourcing is considered to be another kind of platform which can easily help the engineers,
developers and other kinds of IT resource for the creation of application by working together for
benefiting the end products and services. Cloud computing is known to be focused on sharing
economy (Acharya et al., 2017). It is much focused to provide infrastructure for a largely
established economy.
Benefits of sharing economy
The benefits of share economy have been described below:
Resource utilization: It focuses on efficient utilization of resources which can easily
provide better kind of matching in a particular kind of segment. The consumer is generally
considered to be pivot or center in which the whole economy revolves (Edelman, Luca, and
Svirsky, 2017). As the world becomes mobile, it is expected that most of the consumer can easily
make use of information and services which are present at the bottom of it. On-demand services
and other kinds of information related to work are considered an efficient basis.
Job Creation: Sharing economy focus on increasing in a number of opportunities around
the globe. With the emergence of sharing economy, a road to self-employment was made easier
(Martin, 2016). Various kinds of technology platform focused on the creation of massive kinds
of opportunities for employing delivering the address.