Wisdom of the Crowds or Crowding Out?

Posted March 28th, 2008 by Char Lyn

In the world of social media, we often hear of the wisdom of the crowds—present a problem to the masses and they are likely to find the best solution. Today, Justin Wolfers suggests that rather than supplying wisdom, the masses may be crowding out the true wisdom of the experts in his Freakonomics post on the lack of academic commentary on the current state of the economy.

It seems everyone is talking about the current economic situation in the US and the world. And when everyone is talking, how do you as an individual identify the truly relevant information? Do you rely on the masses by getting your news from DIGG, Reddit or another aggregator with user rankings? Do you rely on some secret sauce coded algorithm such as Google’s page rank or Technorati’s blog rank that balances the crowds voice with hidden metrics? Or, do you rely on an influencer to tell you what is really happening?

The truth is, it’s easy for your message to get “crowded out” without the right influencers behind you. At DIG we emphasize a marriage of marketing and outreach to get a message to the masses so they can share it with the crowd. Then the crowd gets the chance to see the wisdom you share.

Entry Filed under: Blogs, Social Media Marketing, User-Generated Content