Via Monsignori Adam Siegel, InfoWorld:

Crowdsourcing, mob wisdom, interactive ideation, artificial AI — call it what you will, but the idea of tapping external collaborators to develop or enhance products and services is far from revolutionary. [...] The most popular use of crowdsourcing by far is the prediction market, in which participants are given fake money or stock credits to use in trading-style transactions. [...]

For the past two years, Google has operated a very successful internal crowdsourcing project open only to its employees. The project forecasts product launch dates, new office openings, and other strategic corporate decisions. Google’s employees have accurately predicted the probability of more than 200 separate events, which might be one of the reasons Google is able to gain and maintain such wide competitive margins. [...]

Wow. Making up an artificial causation between Google’s enterprise prediction markets and Google’s immense success as a search engine. Kind of a stretch. We are in full-hype mode, folks.

NEXT: What the hell is crowdsourcing???