During his keynote at The Social Shake-Up, Jeremiah Owyang, the Chief Catalyst and Founder at Crowd Companies, discussed how the sharing economy is on the rise. A recent interview with Marc Andreessen, cofounder of the $4.2 billion venture capital firm, Andreeseen Horowitz, that has invested in Facebook, Twitter, and AirBnB, underscores Jeremiah's main tenet: Industries have to change because of the efficiencies and demands of the crowd.
In his presentation, Jeremiah explained how companies can activate crowd-based technologies to make goods and services available on demand, thus reducing waste. He also shared how companies can tap into marketplaces to help motivate the sharing of used goods and products. And finally, he revealed how top organizations can connect the crowd to every business function, thereby reducing costs and increasing innovation.
Check out Jeremiah's informative keynote below (and while you're at it, why not subscribe to our YouTube page for more great video content?):