How the power of the crowd will transform business
no commentsPosted on January 30, 2014 · Filed under: Macro, PeoplePerHour
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 »