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Epi Ludvik Nekaj is founder and CEO of Crowdsourcing Week, an organization that focuses on analyzing the impact of crowdsourcing in different spheres of society. This holistic view of connecting people and ideas is behind the organization of the Crowdsourcing Week Summit that will take place on June 15 in Washington, putting the spotlight on crowd-economy and bringing together leading representatives of the public and private sectors, and the world of entrepreneurship.

On the occasion of the summit, Epi will speak with innovators on the collective nature and transformative potential of crowdsourcing in all industries and sectors, and all areas of public life.

(I) Innovators: Washington hosts the next Crowdsourcing Week Summit (15th June). What will the participants find in this summit?

(EL) Epi Ludvik: We are covering the second wave of the crowd economy which is coupled with artificial intelligence and blockchain technology. How large companies and government organization are using crowdsourcing to accelerate innovation process and making tools to solve problems.

(I): Today’s enterprises increasingly involve their internal talent, customers and other stakeholders in crowdsourcing processes. What are the main advantages of this co-creative model?

(EL): The main advantage I see here for enterprise is go to market solutions are faster and cheaper.

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(I): Is there any relation between crowdsourcing and innovation? How crowdsourcing helps to boost new ideas?

(EL): Indeed. As I mentioned before, crowdsourcing accelerates innovation and today you can no longer just innovate. You must be up to speed with your competitors and today your compepitors are the guys in the garage or co-working space who are solving specific problem within specific segmetns. To better illustrate this, we have created 14 Parts of the Crowd Economy.

(I): Beyond businesses, crowdsourcing impact has been also remarkable in civil society. This phenomenon has definitely contribute to empower people?

(EL): Yes, as the matter of fact just decade ago the world for any citizen was very different. Back in those days we had social media and that’s about it. Today, we have the world of productivity tools and this is what’s different today. Now, everyone can take part and activiate it’s own resources through various of platforms. This is one of the reason we have created the process of 5 P’s.

(I): Crowd, collaborative and non-property economy… How these recent concepts are changing the way the society works?

(EL): Well, we are no longer talking about linear mindset or being a passive user on the world wide web. Today, 10x mindset is needed in order to see an exponential growth. This time is very different and we are all in it. In the world where banks should do more banking, todays society looks at the banks as a place where it can lend you money if you can prove you don’t need it. We have come to this place which alternative financing has been a key driver in restoring and shaping our socio-economic fabric once and for all. Exciting times ahead.

ideas4all Innovation media partner of the Crowdsourcing Week Summit in Washington DC, an unmissable event for profiles from the public and private sectors, or entrepreneurs interested in the collaborative economy and its multiple impacts.