Final answer:
The Netflix announcement of a reward for a technology solution to its movie recommendation system is an example of crowdsourcing.
The answer is option ⇒c
Step-by-step explanation:
Crowdsourcing refers to the practice of obtaining ideas, services, or content from a large group of people, typically through an open call or solicitation. It involves outsourcing tasks or problems to a crowd or community, often leveraging the collective intelligence, skills, and creativity of individuals.
In the case of Netflix, they are seeking a technology solution for their movie recommendation system. By offering a reward, they are encouraging a broad range of individuals, including technologists, data scientists, and programmers, to contribute their ideas and expertise to develop an improved recommendation algorithm.
This approach allows Netflix to tap into the diverse knowledge and perspectives of a large crowd, rather than relying solely on internal resources. By engaging the crowd, they can potentially access innovative and creative solutions that may not have been considered otherwise.
Crowdsourcing can be an effective strategy for organizations to solve complex problems, generate fresh ideas, and benefit from the collective wisdom and expertise of a wider community. It promotes collaboration and participation, opening up possibilities for novel approaches and breakthrough innovations.
The answer is option ⇒c