Crowd Sourcing Presentation10 30

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  • About TopCoder TopCoder is the leader in online programming competition, skills assessment and competitive software development. Founded by Jack Hughes in 2001 with the purpose of objectively identifying the top computer software engineers, the TopCoder community has grown to more than 170,000 programmers and designers worldwide. TopCoder’s patented platform includes conducting software competitions while maintaining quality and reliable delivery. This platform has become one of the fastest and least expensive ways to build high-quality commercial grade software.
  • Crowd Sourcing Presentation10 30

    1. 1. Crowdsourcing Harnessing the Benefits of a Virtual Workforce Michael Morris Senior Vice President TopCoder, Inc
    2. 2. [ ] What is Crowd Sourcing? 2 © Copyright 2008, TopCoder, Inc.
    3. 3. [ ] What is Virtual Work? 3 © Copyright 2008, TopCoder, Inc. “ A Community of Non-Affiliated Individuals Working Collectively and Individually to Create Value”
    4. 4. [ ] Global Collaboration © Copyright 2008, TopCoder, Inc. This can be your project team. 4
    5. 5. [ ] Why the “Old Way” is Broken 5 © Copyright 2008, TopCoder, Inc. <ul><li>Assume 80% Reliable Resources </li></ul><ul><li>Assume Success = On-Time and On-Budget </li></ul><ul><li>Probability of Task Success is 80% </li></ul><ul><li>Projects with 10 Tasks have a 10% chance of success </li></ul><ul><li>Probability of Failure Increases Exponentially with each Task </li></ul><ul><li>P(T1) * P(T2) * P(Tn) </li></ul>Task 80% Probability of Task Success Single Point of Failure
    6. 6. [ ] The Old Way 6 © Copyright 2008, TopCoder, Inc. Success Tasks
    7. 7. [ ] The New Way 7 © Copyright 2008, TopCoder, Inc. <ul><li>Replace a Single Point of Failure with Resource Redundancy </li></ul><ul><li>Probability of Task Success Increases Exponentially with each Resource </li></ul><ul><li>Projects with 10 Tasks have a 92.3% Chance of Success </li></ul><ul><li>P(T) = 1 – (1 – R(r1)) * (1 – R(r2)) * … * (1 – P(rN)) </li></ul>Task 99.2% Probability of Task Success
    8. 8. [ ] The New Way 8 © Copyright 2008, TopCoder, Inc. Success Tasks
    9. 9. [ ] The New Way 9 © Copyright 2008, TopCoder, Inc. Success Resources
    10. 10. [ ] Competition Makes it all Work 10 © Copyright 2008, TopCoder, Inc. “ Value can be extracted when top performance is the only thing rewarded”
    11. 11. [ ] Plug Directly Into the Power © Copyright 2008, TopCoder, Inc. You now have the power to directly access our Global Community of software developers and graphic artists, who are ready to compete to design your web project. 11
    12. 12. [ ] Plug Directly Into the Power © Copyright 2008, TopCoder, Inc. 12
    13. 13. [ ] Driving Innovation © Copyright 2008, TopCoder, Inc. ESPN – The best programmers in the world get their hands on the most comprehensive college football game data ever compiled! How will your algorithm stack up against the competition? Truveo – Truveo set the top developers in the world loose with the APIs to search and index a hundred million video clips and challenge you to build the next great video Truveo application. Open AIM – AOL has teamed up with TopCoder to put the Open AIM APIs in the hands of the best developers in the world. 13
    14. 14. [ ] Thank You © Copyright 2008, TopCoder, Inc. Let the world compete… on your next application www.topcoder.com 95 Glastonbury Boulevard Glastonbury, CT 06033 TEL (860) 633 5540 FAX (860) 657 4276

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