The wisdom of crowds

I really like reading about this concept and the four parts that make up a knowledgeable group. The cite that we referenced talks about the diversity of opinion. This is important because it is crucial that each individual person has their own knowledge of information that they obtain and keep because their knowledge may help further the knowledge of the whole group. The second thing that it mentions is independence. This point is crucial because if everyone had the same opinion as everyone else new knowledge would never be created, discussed or considered. If one person likes one idea in particular then they may gather more information regarding that subject to try and pursuade people that their opinion is the best way to complete a task, therefore creating new knowledge.

Another point mentiond on the website and in class as well is drwaing from knowledge within the company. If a particular way of doing a task works great, find out why and implement it in other parts of the company where it could be of benefit. Sometimes the greatest knowledge is under on roof and there is no need to go elsewhere to find it. And lastly a point made was aggregation or pursuading others that your opinion is the right one. If someone believes strongly enough in their task then they can pursuade others to conform to their decision therefore putting everyone on board to make that knowledge better.