Collective Intelligence - why open source will replace corporations

Collective intelligence strongly contributes to the shift of knowledge and power from the individual to the collective. According to Eric S. Raymond (1998) and JC Herz (2005), open source intelligence will eventually generate superior outcomes to knowledge generated by proprietary software developed within corporations (Flew 2008). Media theorist Henry Jenkins sees collective intelligence as an 'alternative source of media power', related to convergence culture.

Collective intelligence (CI) is shared or group intelligence that emerges from the collaboration, collective efforts, and competition of many individuals and appears in consensus decision making. The term appears in sociobiology, political science and in context of mass peer review and crowdsourcing applications. It may involve consensus, social capital and formalisms such as voting systems, social media and other means of quantifying mass activity. Collective IQ is a measure of collective intelligence, although it is often used interchangeably with the term collective intelligence.