sharing economy

Share economy or sharing economy refers to the sharing, lending and use of goods, objects and services, facilities and mobile and immobile property. From this combination of words, the word creation Shareconomy was also derived.Sharing Economy also refers to the sharing of information, knowledge, software and resources. The concept of owning and sharing has a collaborative approach, which is not to be seen in a socialist context, but is realized in a purely capitalist way, using and exploiting personal resources.

Concept of Shared Economy

In terms of approach, Shared Economy serves to use existing resources more sparingly through the use of personal resources and, according to Harvard economist Martin Weitzman, is intended to increase the prosperity of all. The shared economy is about swapping, sharing, lending or using property and services. Through Web 2.0, corresponding concepts can be realized worldwide. Accordingly, strangers can exchange books with each other in booksharing, share a car in carsharing, or use or rent the rooms or apartments of strangers in office and apartment sharing, for example. In all concepts, the focus is on community. Whether it is borrowing clothes, sharing in vehicles, or sharing a meal in a private apartment, it is always about the collaborative economy or collaborative consumption.

Shared economy in information technology

In terms of information technology, the Share Economy is about having and sharing. It is about distributing and sharing information or software. The basis for this is pay-per-use. You only charge for what you use. In addition, the share economy is about distributing information, resources or software to third parties. In terms of knowledge and information, it's about disseminating articles by pointing them out on Twitter or Facebook or sending them out with e-mails. Software as a Service( SaaS), Platform as a Service ( PaaS) and Infrastructure as a Service( IaaS) already exist as solutions for sharing software.

Sharing economy has economic advantages. With the collaborative use of programs, the individual user saves on acquisition costs and has no capital commitment. In addition, they always work with the latest program versions and do not need to worry about software maintenance.

Shared Economy in practice

However, the implementation of collaborative concepts shows some weaknesses, which the corresponding platforms consistently turn to their advantage - and often to the disadvantage of the providers and users. For example, the collection of data, from which movement and personality profiles are created with appropriate algorithms and consistently used by marketing companies.