Having been part of several events the last few months via Crowd Product, we’ve learnt crowds love been part of snap polls. I would recommend event organisers to keep their audiences engaged with polls and other compelling engagement option. However what I find even more exciting is the learnings from poll results.
Here I’m sharing with you some of the polls we had taken during recent events and their results. At the recently held TiE Bangalore’s EduThon 2017 event – where startups and ecosystem enablers shared their inputs on a set of questions.
IOT India Congress Poll Results (Sample Size: 144 at IOT India Congress 2017)
Q1 Which of these Industry 4.0 areas would you like to learn more about?
Additive Manufacturing 25.00%, Distributed Manufacturing 25.00%, Next Shoring 10.71%, Virtual Manufacturing 39.29%
Q2 Which of these areas of your living you feel more startups need to be in?
Smart Retail 6.90% Smart Homes 31.03% Smart Mobility 13.79% Smart Governance 48.28%
Q3 What are the challenges of IoT in the Telecom Sector?
Security 22.22%, Network Connectivity 55.56%, Standards 22.22%
Q4 Which of these sectors will help India leapfrog in 2018?
AgriTech 22.73%, HealthTech 18.18%, Robotics 22.73%, Digital Payments 36.36%
In the coming days and months, based on the crowd engagement, we will be sharing more learnings from our crowd engagement at events.
The sharing economy – where businesses leverage the use of available resources optimally through technology and by reducing wastage of resources, has been evolving constantly. These not-as-usual-businesses include, taxi-sharing startups like Uber, home/room rental companies like Airbnb as well as the many e-commerce marketplaces and crowdsourcing platforms available.
In a recent post I’d come across, it became clear that the ‘Trust economy’ is where we are headed to. Trust economy as defined by the article:
Allows individuals to provide a service, often at a cheaper rate than the standard market price, which is accessible to a large network of users through a branded platform, which acts as a vehicle for collective trust and accountability.
All models depends on trusting a virtual stranger to do what they promise, hence why it has been called the ‘trust economy’.
Startups fitting such a criteria have been disruptive, especially of the traditional players, and in effect have given consumers more value. Here’s what consumers have gained from this trust economy:
- More cost-effective solutions due to service-offerings being on-demand
- A sense of belonging as consumers too can become providers of such services
- Technology here has enabled direct engagement with the end service provider
- Digital profiles and reviews have facilitated easy validations of service providers
- More personalised experiences, with service providers turning disruptive players
Another major deliverable of the ‘Trust Economy’ that the technology-led ecosystem has enabled one to become more ‘creative’ in their businesses and solution-finding general. All one needs to do is increase their ‘reputation capital’.
Personally, I see the growth of the ‘Trust Economy’ essential to a community’s success – as it has the ability to transform mindsets and provides more room for innovative solutions to meet challenges.
Interested in the ‘Crowd, Sharing & Trust’ economies? Join me and several others at the following flagship startup conferences in Bangalore this month:
NASSCOM Product Conclave