# data[].attributes.body
number of respondents 63
majority asia

age
15-25 71.4%

Gender famale
67.7%

Do you use regularly apps for sharing clothes and and second-hand fashion?
Less 50%
Often 22.6%

What platforms have you used for sharing economy before?
Xianyu 41.9%
E-bay 22.6%
Never 40.3%

What kind of shared products have you ever used？
1,Transportantion 46.8%
2,clothing 35.5%
3,shared locker 33.9%

Have you experienced any emergency during your journey, such as urgent need for luggage, boarding case, handbag, warm clothes, accessories, etc? It can't be afford directly or you don't want to get a new one directly
Yes 57.4%

Do you want to experience renting these emergency supplies at a lower price instead of buying them?
Yes 63.9%

If shared windows are set up at airports and transport stations, what rental products would you like to offer?
1,Functional clothing, such as waterproofclothing, warm clothing, hats 61.3%
2,Accessories, such as sunglasses,scarves, shoes24.2%
3.Latest fashion 8.1%

In the current epidemic period, if go

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The title - could be possibly overwhelming for some as there might not know. Instead of  "What do you think of sharing economy and opportunity in tourism" maybe you can go with

Q Do you usually focus on sharing economy and using second-hand apps?  - maybe rephrase :
Do you use regularly apps for sharing clothes and second-hand  fashion ? ( Make it accessible; if you are aiming for your demographics and average fashion consumer - keep it simply in the language they can relate )

Q What second-hand platforms have you used before?
- they are not all second hand!!!
Many ask which of these apps/ platforms  have you used before?

Q Why not?
- it doesn't follow well.
Contexualise: If you never used any of these apps why not?
But maybe better to ask for reason in the questions before for NEVER and add please specify

QHave you experienced any emergency during your journey, such as urgent need for luggage, boarding case, handbag, warm clothes, accessories, etc? But it can't be bought or because it's too expensive

- too complex and then you get only Yes or NO answer
- break this question into 2 - ask details and get as much input from the respondents

* What do you mean by shared windows? - not clear to me

* We have been living in PANDEMIC not epidemic!

Good luck !!

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please check it!and give us some advice.thank you!

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Google Forms - create and analyze surveys, for free.

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Create a new survey on your own or with others at the same time. Choose from a variety of survey types and analyze results in Google Forms. Free from Google.

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Wednesday 9th June

11.15 -12pm online

TO DO BEFORE
-send survey today for feedback
before next Wednesday - prepare basic report structure & survey results + anything else!!!

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Create a new document and edit with others at the same time -- from your computer, phone or tablet. Get stuff done with or without an internet connection. Use Docs to edit Word files. Free from Google.

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The topic we have selected is extensive and one of the hot topics in the world. It has been developed for many years. We need to do a lot of research to create new opportunities. When a large number of markets are actually relatively saturated, this topic is challenging. We need to research its feasibility and risks on the basis of putting forward ideas, It is also one of the challenges to consider the future of this idea in many aspects by using data, etc

How to accurately investigate and obtain the data we need is my worry. need a clear direction. i  also concern about the lack of our motivation or the work will be unsatisfactory in the end.and also the language

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I think the subject is very challenges and involves a lot of industries. I need to find a lot of information and research on this subject. This is the first time I have studied this topic. I also hope that I can learn a lot about this topic.

My concern is that I don't have a clear direction yet. our group needs to create a more complete plan. and i am worried that my time is not enough.

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This topic is new to me. The biggest challenge is the difference between the cultures in countries. Each country have different sharing economy policies and strategies. Sometimes, it’s hard to understand deeply. Government of each country act differently.
Secondly, I concerned that my research cannot resolve the problem through the epidemic. In our group, we are all Chinese, so we have the same culture to think with same way. Also, the language is an big issue.

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Servy

consumers：Genz ，millennials who has used rentals platform

Interview

expert：Proffessionals from fashion industry,managers of e-commerce platform,seller

# data[].attributes.headline
servy about the attitude of consumers and companies towards who should provide product insurance

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servy about the attitude of consumers and companies towards who should provide product insurance

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And 78% of providers listing assets or services on sharing-economy platforms indicated they would get more customers if the platform offered insurance solutions.
Among consumers, 53% said sharing-economy platforms should provide the insurance, and 32% said the individual service providers should. Just 15% of the consumers said they themselves should be responsible.

Among sharing-economy companies, opinion was almost the reverse: 53% said consumers should be responsible, 27% put the onus on individual providers, and just 20% said sharing-economy platforms should provide insurance.

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Trust first, then sharing

# data[].attributes.attachment_link.title
The Secret of the Sharing Economy | Benita Matofska | TEDxFrankfurt

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How do product quality uncertainties affect the sharing economy platforms with risk considerations?

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How do product quality uncertainties affect the sharing economy platforms with risk considerations?

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Abstract

The sharing economy is of increasing importance for various aspects of our society by providing people with cost-efficient and convenient access to services or products. However, the profitability and healthy development of the sharing economy platforms are greatly restricted by the intensive uncertainties arising from product quality. How to determine the optimal product quality improvement efforts and the optimal prices for the sharing platforms becomes crucial. Moreover, it is reasonable that many sharing economy platforms and consumers are holding a risk-averse attitude during decision making in the highly volatile market. In this paper, we employ the Mean-Variance theory to model the risk-averse attitudes of decision makers, and analytically derive the optimal average quality levels and prices that the platform should provide for the market. We also explore how the critical factors like product quality uncertainty and risk sensitivity affect the platform's equilibrium decisions and consumer surplus. Our analytical results reveal the importance of reducing the difficulty of improving product quality for enhancing the platforms' profitability and consumer surplus. Besides, we identify that it is not always wise for platforms to invest in improving product quality, especially when the related cost becomes increasingly expensive. Moreover, it is shown that the increasing risk aversion or product quality volatility will induce the platform to reduce his quality improvement efforts. Finally, we interestingly find that the platform will always suffer if he becomes risk averse from risk neutral, while consumers may benefit from this attitude change.

View full text

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How do product quality uncertainties affect the sharing economy platforms with risk considerations? A mean-variance analysis

# data[].attributes.attachment_link.description
The sharing economy is of increasing importance for various aspects of our society by providing people with cost-efficient and convenient access to services or products. However, the profitability and healthy development of the sharing economy platforms are greatly restricted by the intensive uncertainties arising from product quality.

# data[].attributes.body
By rotation
Hurr ( pop-up in Selfridges)
Nuw

non -fashion: Library of Things

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Platforms in the peer-to-peer sharing economy

Platforms in the peer-to-peer sharing economy
Platforms in the peer-to-peer sharing economy

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Platforms in the peer-to-peer sharing economy

Platforms in the peer-to-peer sharing economy
Platforms in the peer-to-peer sharing economy

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https://www.emerald.com/insight/content/doi/10.1108/JOSM-11-2018-0369/full/html

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1. How sharing economy effect to the future?
2. Benefits of sharing economy?
3. Do you use sharing economy?
4. Do you know any sharing economy platforms? Which one?

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The future development trend of the sharing economy

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The future development trend of the sharing economy

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In 2018, my country's sharing economy showed two major development highlights.  One is the accelerated development of manufacturing capacity sharing, which has become the most active type in all fields of the sharing economy.  This shows that the development of the sharing economy is gradually extending from the field of life to the field of industry, from simple model innovation to a higher level of factor allocation, technological synergy and maximum utilization of production capacity.  The second is the greater release of the potential of the sharing economy to "stabilize employment".  In the context of economic development facing downward pressure, in the context of the increasingly diverse lifestyles of social groups, the employment opportunities and channels created by the development of the sharing economy are becoming an important path to "stabilizing employment."

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How do product quality uncertainties affect the sharing economy platforms with risk considerations? A mean-variance analysis

# data[].attributes.subject
How do product quality uncertainties affect the sharing economy platforms with risk considerations? A mean-variance analysis

# data[].attributes.body
Abstract

The sharing economy is of increasing importance for various aspects of our society by providing people with cost-efficient and convenient access to services or products. However, the profitability and healthy development of the sharing economy platforms are greatly restricted by the intensive uncertainties arising from product quality. How to determine the optimal product quality improvement efforts and the optimal prices for the sharing platforms becomes crucial. Moreover, it is reasonable that many sharing economy platforms and consumers are holding a risk-averse attitude during decision making in the highly volatile market. In this paper, we employ the Mean-Variance theory to model the risk-averse attitudes of decision makers, and analytically derive the optimal average quality levels and prices that the platform should provide for the market. We also explore how the critical factors like product quality uncertainty and risk sensitivity affect the platform's equilibrium decisions and consumer surplus. Our analytical results reveal the importance of reducing the difficulty of improving product quality for enhancing the platforms' profitability and consumer surplus. Besides, we identify that it is not always wise for platforms to invest in improving product quality, especially when the related cost becomes increasingly expensive. Moreover, it is shown that the increasing risk aversion or product quality volatility will induce the platform to reduce his quality improvement efforts. Finally, we interestingly find that the platform will always suffer if he becomes risk averse from risk neutral, while consumers may benefit from this attitude change.

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Sharing Economy Statistics (Editor’s Pick):

The sharing economy is set to reach $335 billion by 2025.

Companies working in the sharing economies will grow by 2,133% in 12 years.

Over 86 million Americans will use the sharing economy by 2021.

Crowdfunding will grow by $196.36 billion between 2021 and 2025.

Airbnb bookings dropped 53% during the first three months of the Covid-19 pandemic.

28% of users are willing to share their electronics.

Sharing homes is the least desired activity in the sharing economy.

There are 1,400 islands listed on Airbnb.

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The sharing economy is challenging fast fashion

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The sharing economy is challenging fast fashion

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Fashion brands are looking for an alternative to fast fashion as millennials increasingly demand more sustainable, ethical clothing choices.

The sharing economy is growing rapidly: The global market for secondhand clothing is set to overtake fast fashion sales by 2028, with sales reaching $51 Billions by 2023.

Fashion rental and subscription systems are promising for luxury brands to become more accessible in the face of millennials’ distaste for ownership and prolonged usage.

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1. Need more secondary research ( more reports, articles, news....etc)
2. Analyse and summarize your secondary research - to see what already exists and what are the opportunities according to others + what you are missing, what you don't know
3. Decide on Primary research - what data do you need? what do you need to find out ? How ( survey , interview ...)
4. Mini - presentation slides
Topic + research questions
- overview of your research so far
- primary research ideas
- ideas for solutions to check and validate

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How pandemic impact on rental platform(case Study)

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How pandemic impact on rental platform(case Study)

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https://rgs-ibg.onlinelibrary.wiley.com/doi/pdf/10.1111/geoj.12366

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SOCIAL IMPLICATIONS OF COVID-19 ON THE SHARING ECONOMY(reference)

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SOCIAL IMPLICATIONS OF COVID-19 ON THE SHARING ECONOMY(reference)

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www.scientific-publications.net
https://ideas.repec.org/a/isp/journl/v14y2020i1p306-315.html

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International Scientific Publications represents an aggregate of online-based scientific journals with open access, published by Science Events Ltd and peer-reviewed by experts in the relevant field.

Open access policy gives us the opportunity to deliver full-text articles from our journals to our readers, free of charge. This allows our authors to reach to a greater audience, increasing the citation rate of their scientific works.

We have more than 20 years of experience in the line of publishing. During this time we have published thousands of articles by scientists from more than 64 countries. Currently, we are publishing seven scientific journals on various topics:

Journals visibility and statistical information

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Open access scientific journals online - International Scientific Publications

# data[].attributes.attachment_link.description
International Scientific Publications represents an aggregate of online-based scientific journals with open access, published by Science Events Ltd and peer-reviewed by experts in the relevant field. Open access policy gives us the opportunity to deliver full-text articles from our journals to our readers, free of charge.

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Activities within the sharing economy (SE) are in a precarious situation due to the Covid-19 pandemic. Even though the SE is considered a disruptive phenomenon, especially in the accommodation and transport sectors, the Covid-19 has raised concerns about its survivability. Thousands of people have lost their jobs, the value of SE firms has dropped, and many service providers have no other option but to stop working.

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Sharing economy through second hand fashion platform Vestiaire Collective

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Sharing economy through second hand fashion platform Vestiaire Collective

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How does the sharing and collaborative economy look like in 2030?

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What are some ways you can ensure success in your own collaborations?

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What are some ways you can ensure success in your own collaborations?

# data[].attributes.body
Make it clear collaboration is expected
Create a clear and compelling cause.
with professional help, such as turtor
Ask questions
do lots of research
read books
Assign tasks

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Have a clear idea and a clear theme. Have some good innovative ideas, provide some good ideas and implement them.Even if the communication, the question is resolved in time

# data[].attributes.headline
What are some ways you can ensure success in your own collaborations? 

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What are some ways you can ensure success in your own collaborations? 

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Group discussion, search and share information together, put forward your own questions and good ideas.

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Collaboration can disperse the workload and have broader ideas. Collaboration helps us have a deeper understanding of the problem. Collaboration is at the same time as we improve ourselves.Improve communication skills and teamwork skills

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-Increases diversity
-Allows individuals to work towards a common goal By working in a team environment
-Allows individuals to see their style as a team member
-Enhances communication and social skills
-Increase courage
-Increase success rate

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has the potential to reduce waste and increase the lifespan of garments, but to achieve a more sustainable industry

1. It means you buy less stuff

2. You can go for what you truly love

4. You can choose experiences over ownership

4. By sharing you can save

5. You can be a force for good

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1.Encourage Collaborative Behavior
2.Building Interdependence and Trust
3.Streamlining The Process
4. Align around a shared vision and purpose
5.Promote Frequent Communication
6. Facilitate Consistent Communications
7. Understand the purpose of the collaboration

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What are some ways you can ensure success in your own collaboration?

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What are some ways you can ensure success in your own collaboration?

# data[].attributes.body
1. Establish team goals
2. Use the right technical tools
3. Keep promises and honor requests
4. Creativity
5. Set deadline
6. Trusting and respecting with each other

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Collaboration is the fast way to solve a problem as a team. This leads to more innovation, efficient processes, increased success, and improved communication. Learning from each other, understanding others options.

# data[].attributes.body
Share the company's mission over and over again.

Communicate your expectation for collaboration.

Define and communicate your team's goals.

Highlight individuals' strengths.

Promote a community working environment.

Foster honest and open communication.

Encourage creativity.

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The development prospects of the sharing economy
1 Scale growth is faster, involving a wider range of industries
2 The development is deeper and the impact is longer
3Change lifestyles and optimize community structure
Benefits of the sharing economy
1 Intensify the development of the three major industries and effectively promote supply-side structural reforms
2 Eliminate excess capacity and expand effective supply
3 Stabilize prices, promote employment and innovation

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sharing economy in China Fashion industry

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sharing economy in China Fashion industry

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http://www.dictall.com/mobile/newsInfo.jsp?id=101307

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The sharing project mainly relies on the Internet of Things technology to put the equipment in public places, the equipment is connected with the cloud, and the equipment is managed in a unified manner through the cloud. The better shared projects currently being done include shared bicycles, shared cars, shared massage chairs, shared power banks, shared umbrellas, and shared washing machines.

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Trying to define exactly what the sharing economy is would not do the term justice. The sharing economy is an economic principle that is constantly evolving. In the very simplest terms, it’s the use of technology to facilitate the exchanged access of goods or services between two or more parties.

It’s derived from the notion that mutual parties can share value from an under-utilized skill or asset. This value exchange occurs through a shared marketplace, collaborative platform, or peer-to-peer application.

The sharing model isn’t a new concept—as many rural communities thrived off the same idea via bartering. However, thanks to the accessibility of the internet and mobile technology, managing share-based transactions has never been easier.

While most commonly referred to as the sharing economy, this term is an umbrella that encompasses other economic systems such as:

1. Collaborative Economy/Collaborative Consumption

2. Peer-to-Peer Economy

3. Freelancing/Gig Economy

4. Crowdfunding/Crowdsourcing

5. Coworking/Cobranding

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The sharing economy is one of the fastest growing business trends in history, with investors dumping more than $23 billion in venture capital funding since 2010 into startups operating with a share-based model. Because many of these businesses are private, it's impossible to know the actual size of the sharing economy.

However, there are several clues to indicate its massive impact on our society.

Airbnb ($31 million) and Uber ($72 billion) have a combined $103 billion market cap which would rank them as the 38th wealthiest country in the world.

In 2016, 44.8 million U.S. adults used the sharing economy, and it's expected to grow to 86.5 million U.S. users by 2021.

McKinsey estimates that in the U.S. and Europe alone, 162 million people or 20-30 percent of the workforce are providers on sharing platforms.

Trying to define exactly what the sharing economy is would not do the term justice. The sharing economy is an economic principle that is constantly evolving. In the very simplest terms, it's the use of technology to facilitate the exchanged access of goods or services between two or more parties.

It's derived from the notion that mutual parties can share value from an under-utilized skill or asset. This value exchange occurs through a shared marketplace, collaborative platform, or peer-to-peer application.

The sharing model isn't a new concept-as many rural communities thrived off the same idea via bartering. However, thanks to the accessibility of the internet and mobile technology, managing share-based transactions has never been easier.

While most commonly referred to as the sharing economy, this term is an umbrella that encompasses other economic systems such as:

The sharing economy has a history of disrupting traditional business sectors. The lack of overhead and inventory help share-based businesses run lean. The increased efficiencies allow these brands to pass-through value to their customers and supply chain partners.

Traditional industries are being affected by the sharing economy-and many traditional brands will struggle if they do not adapt to the changing landscape.

Uber's ascension in the transportation industry is one of the best examples to illustrate the effect of the sharing economy in a traditional sector. Uber and other ride-sharing services offer an affordable, safe, and convenient alternative to traditional transportation options such as public transit or taxi cabs.

By utilizing an efficient mobile application and network of vetted drivers, Uber satisfies consumers' transportation demands while providing an arguably better user experience than traditional means.

In just New York City alone, there are roughly 4.5 times more Uber drivers than yellow cabs. This has caused the price of owning a taxi cab in New York City to drop from $1 million in 2015 to less than $200,000 today.

Top Sharing Economy Brands in the Transportation Space:

PWC research suggests that 86 percent of U.S. adults familiar with the sharing economy say that it makes life more affordable and 83 percent also agree that the sharing economy is more convenient and efficient than traditional methods.

Affordability, convenience, and efficiency are also three of the most influential factors in a consumer goods purchasing decision. Therefore, it's no surprise that share-based brands are also dominating the consumer goods industry.

eBay is one of the pioneers of the peer-to-peer marketplace. Their innovative platform allows users to buy and sell used or new items through their interface, and have the goods shipped directly to their home. Consumers can browse a variety of products at custom price points, in various conditions, and with different guarantees. This empowers the consumers and provides them with a more affordable, convenient, and efficient way to purchase goods.

Top Sharing Economy Brands in the Consumer Goods Space:

The benefits of the sharing economy are best illustrated in the professional and personal services space. Professional and personal services are defined by work that requires special knowledge, skills, experience, certifications, or training like copywriters, accountants, or plumbers. In relation to the sharing economy, this is also referred to as freelancing, gigs, and other trendy terms equating to short-term labor.

Powerhouses like Fiverr, Upwork, and TaskRabbit create value by providing a fast, friendly, and secure platform on which people or businesses can find contractors for hire. Freelancers can earn extra money sharing their trade skills and expertise-not unlike owners renting access to their home or car owners sharing rides.

Top Sharing Economy Brands in the Professional and Personal Services Space:

The healthcare industry is expected to generate annual revenues of $8.7 trillion by 2020. That likely explains why venture funding for digital health startups increased by 10.2 percent in Q1 of 2018 compared to Q1 of 2017. Although the sharing economy has yet to really take hold in the healthcare industry, many experts suspect it to be the next frontier for collaborative consumption.

The limitations of traditional healthcare systems, expenses and resources, are factors that we've seen mitigated in other industries through share-based methods. From telemedicine to group-consultations, the sharing economy is destined to change the healthcare industry.

For instance, it's estimated that 58 percent of the time, medical equipment sits unused-creating storage and maintenance expenses. Therefore, share-based startups like Cohealo are helping hospitals save money and increase equipment value by developing technology that enables hospitals to share medical equipment with other healthcare facilities.

Top Sharing Economy Brands in the Healthcare Space:

Technology has helped the sharing economy advance to where it is today-and, the trend should only continue as we become more connected digitally. While we've seen how dominant collaborative consumption can be in industries like transportation, consumer goods, and services, many other traditional sectors will soon experience changes because of the sharing economy.

# data[].attributes.attachment_link.title
What Is the Sharing Economy (and How Is it Changing Industries)?

# data[].attributes.attachment_link.description
The sharing economy is one of the fastest growing business trends in history, with investors dumping more than $23 billion in venture capital funding since 2010 into startups operating with a share-based model. Because many of these businesses are private, it's impossible to know the actual size of the sharing economy.

# data[].attributes.body
The data shows that in the past three years, the number of environmental related searches on eBay has increased significantly
The key words are:
(sustainable): rise 600%
(used): rise 417%
(Eco-friendly):rise 344%

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— Sharing Economy - Overview，significance ,Impact

— The current state of the sharing economy

— The advantages and disadvantages of the sharing economy

— Briefly describe examples of sharing economy in various industries

— The future development of the sharing economy

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Strengths

1 Good at communication

2 listen to opinions

3 Team spirit

weakness

1 to be shy

2 language

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https://m.youtube.com/watch?v=I_hzH5imb_E

Creating Opportunity Through the Sharing Economy

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Creating Opportunity Through the Sharing Economy | Emily Castor | TEDxSacramentoSalon

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What Is the Impact of the Sharing Economy?

# data[].attributes.subject
What Is the Impact of the Sharing Economy?

# data[].attributes.body
The sharing economy has a history of disrupting traditional business sectors. The lack of overhead and inventory help share-based businesses run lean. The increased efficiencies allow these brands to pass-through value to their customers and supply chain partners.

Traditional industries are being affected by the sharing economy—and many traditional brands will struggle if they do not adapt to the changing landscape.

# data[].attributes.headline
Sharing economy businesses will grow by a staggering 2,133% in just 12 years.

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Sharing economy businesses will grow by a staggering 2,133% in just 12 years.

# data[].attributes.body
(Source: PwC)

What’s even more fascinating is that sharing economy firms grow much faster than the traditional operating companies.

Between 2013 and 2025, sharing economy revenue will increase by the mind-boggling 2,133%. By contrast, companies using the traditional operating model will grow their revenue by just 39.6%
https://spendmenot.com/blog/sharing-economy-statistics/.

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Depp is a British fashion shopping platform. Users can share their purchased goods through photos, videos and other ways. At the same time, they can set up personal online stores to sell personal creative works, and provide product recommendation services according to users' preferences and concerned brands.
The operation mode of Depp is between eBay and instagram, and it has the title of "instagram style social shopping platform".

consumer: almost are genz and Millennials

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In the future, we may own much less and share much more. And if we do, it will all be down to big data.

In the last century, owning things was the marker of the middle class. Those who had more money could own more things. But as manufacturing became less expensive, the barrier to owning a great deal of stuff was lowered. Today, many people living at or below the poverty level own plenty of things, but it isn't a good indicator of their relative wealth.

In fact, as millennials enter adulthood and the middle class, the trend seems to be for them to own less stuff. Not only is there a thriving "minimalist" movement, but the advent of the digital and sharing economies have made this much easier.

Where Baby Boomers and Gen Xers might have had shelves and shelves dedicated to books, magazines and music in their homes, today we can fit the same amount of media and more onto the pocket-sized computers we anachronistically still call phones.

Whereas being a "two-car family" (or even three or four cars) was once a mark of status, today many millennials see more status in being a one-car or even zero-car family and making use of services like Uber, Lyft, CarGo, and others to use cars only when they need one.

Ridesharing, apartment/home lending, peer-to-peer lending, reselling, coworking, talent-sharing... The sharing economy, sometimes also called the collaboration economy, is taking off in all sorts of niches.

Beyond a disillusionment with consumerism, what's driving this trend is data. Most - if not all - of these upstarts would not be viable businesses, certainly not on a large scale, without leveraging a platform and a foundation of big data.

These companies don't just represent a new way of thinking or new services, but a new way to use data effectively to provide services to people when and where they want them.

The obvious examples here are Uber and Airbnb, both of which developed their own platforms to allow service providers and users to connect to the benefit of both. But there are other interesting examples of companies using data and developing platforms to join this new economy:

Freelancing - Sites like TaskRabbit, Care.com and Upwork have taken the freelance market to a new level. Upwork specializes in helping more traditional freelancers (writers, graphic designers, coders, etc.) connect with business owners looking to hire; while TaskRabbit does the same for services like handymen, dog walkers, personal assistants, and so on. Care.com specializes in caregivers for both children and the elderly. The platforms each of these sites have built make it possible to connect those offering services with those seeking the services.

Coworking - WeWork is only one of many companies providing coworking spaces in big cities around the world. Freelancers, entrepreneurs, and telecommuters can rent a desk or an office without the overhead and cost of renting an entire building or suite. Prices are low enough that you can use it as you like, and the space offers some of the benefits of an office including meeting space, phone lines, internet, and often free coffee and even free beer and wine sometimes.

Car sharing - Services like Lyft and Uber allowed individual drivers to operate like a taxi service by providing them a safe way to find clients and get paid. Zipcar allowed people to borrow cars for very short periods of time, like the length of a big shopping trip. And now, services like Getaround enable individuals to share their cars with neighbors and get paid for it by connecting the users on the Getaround platform, automating payments, and even insuring the cars for up to $1 million. Liquid provides the same service for renting bicycles!

Peer-to-Peer lending - Lending Club and sites like it allow people to lend one another money, with much lower interest rates and fees than traditional credit cards or bank loans. Investors earn solid returns and borrowers get more competitive rates, all facilitated by the platform.

Fashion - Sites like Poshmark and threadUP allow individuals to sell their gently used clothing while services like Le Tote offer subscribers the ability to borrow clothes and return them like a Netflix subscription for your closet. Rent the Runway allows women to rent designer gowns for a special event at a fraction of the price of buying one.

Sharing resources - Neighborgoods and similar sites allow people to borrow resources - like tools and kitchen appliances - directly from their neighbors. Rather than buying a specialized tool for a single project, people can connect with and borrow from their neighbors, facilitated by the platform.

None of these services would be possible without the big data and algorithms that drives their individual platforms. Without a sophisticated app to match a driver with a rider, Uber wouldn't be competitive with taxi drivers who cruise around all day looking for fares - and the same is true of each of these services.

What's fascinating is that the company is rarely the actual service provider; instead, they act as facilitator, making the transaction possible, easy, and safe for both the provider and the user. They break down the barriers that otherwise exist to starting a business or a "side hustle" for many people and make it both easy and lucrative to participate in this collaborative economy.

But none of it would be possible without data and algorithms to use it.

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The Sharing Economy - What It Is, Examples, And How Big Data, Platforms And Algorithms Fuel It

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The sharing economy is a massive business phenomenon that is transforming many industries and challenging many traditional business models. Here we look at what it is and how the ability to leverage data and analytics drives the success of sharing economy businesses.

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Uber’s ascension in the transportation industry is one of the best examples to illustrate the effect of the sharing economy in a traditional sector. Uber and other ride-sharing services offer an affordable, safe, and convenient alternative to traditional transportation options such as public transit or taxi cabs.

By utilizing an efficient mobile application and network of vetted drivers, Uber satisfies consumers’ transportation demands while providing an arguably better user experience than traditional means.

In just New York City alone, there are roughly 4.5 times more Uber drivers than yellow cabs. This has caused the price of owning a taxi cab in New York City to drop from $1 million in 2015 to less than $200,000 today.

Top Sharing Economy Brands in the Transportation Space:

Uber: $72 Billion

Didi: $50 Billion

Lyft: $11 Billion

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What Is the Impact of the Sharing Economy? 

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What Is the Impact of the Sharing Economy? 

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The sharing economy has a history of disrupting traditional business sectors. The lack of overhead and inventory help share-based businesses run lean. The increased efficiencies allow these brands to pass-through value to their customers and supply chain partners.

Traditional industries are being affected by the sharing economy—and many traditional brands will struggle if they do not adapt to the changing landscape.

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https://m.youtube.com/watch?v=RR7aP4U2L6o

From retail to resale: the trend disrupting fashion

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From retail to resale: the trend disrupting fashion