There is a constant deluge of images being uploaded online every second as we speak. On social networks like Facebook and Google+, and online forums like Reddit and 4chan, millions of photos are being uploaded by users who click them with the now ubiquitous smartphone cameras.

With so much change in a what is often a 'spaghetti of legacy / new systems and processes' it will always be challenging and costly to make structural changes; hence banks will often take the least contentious path. After all, regulatory change is not revenue-generating and times are tough.

Just about every website and app these days uses crowdsourcing to magic up 'what's best' and this is a terrible mistake.

Crowdfunding platform Kickstarter has announced a bumper 2012, with 2.2 million people pledging £198.6m ($319m) to finance 18,109 successful projects...

Some charities have dipped their toe in the water of crowdfunding. Cancer Research UK now have a nifty function on their online donation section that allows people to contribute to specific research projects. And of course charities have hugely benefitted from the success of JustGiving.

Kickstarter has reportedly been sued for promoting a 3D printer which it is argued may violate another company's patent. The crowdsource funding we...

James Dance, 26, is looking to change his future during the recession and that of one of the many London pubs that are falling on hard times.

Kickstarter's very public successes have increased developer attraction to the platform. And with the increased developer activity, the number of failures and cancellations has increased also.

Basically Scoopshot is an application for your iPhone or Android you download for free from the App Store or Android Market and ta-daa! You can become a moneymaking mobile newsphotographer just like that! As long as you keep your eyes open and you happen to be in the right place at the right time.

"I've got a great idea for a new iPhone app". As the owner of a mobile games studio, I've heard this phrase more times than I can count. I've heard it so many times that I decided to do something about it and turned to a term that has been much talked about: crowdsourcing.

What astonishes me more than the array of data, is the apparent lack of attention it receives, at least from the departments, agencies, and councils that produce it. I think this a terrible oversight, and presents a huge opportunity for big data use. If there is one thing that every company, from global leaders to bedroom start-ups, knows, is that you never ignore data.

Like an ethical Kickstarter, Peoplefund.it allows you to support projects that aim to do something good for the world. But unlike the other crowd funding sites out there, Peoplefund.it lets users donate skills and time as well as money.

While there are clearly many benefits to crowdsourcing as a means of pooling resources, knowledge, money and/or time as a way of achieving results, there are, of course, certain serious issues to be considered. The first is that those contributing to citizen projects have no proof of expertise and no individual viewpoint, which poses a problem for those seeking solutions or information of a quality that can be relied upon.