How the power of the crowd will transform business

One revolution that’s in the making today is that of the crowd.  There’s  lot of literature around it but it hasn’t yet transformed business in the way i think  it inevitably will.

The staffing industry today is a whopping $450 Bn market. Of that only a mere $1Bn has been captured online. That’s 0.2% penetration.

If we compare that with commerce which leads services, there’s somewhere between 10-15% of the total value of commerce transacted online today and that’s projected to increase to over 50% in the next decade.

In relative terms the market of eServices is where eCommerce was in 1996!continue reading »