Unlocking Intellectual Capital to Drive Innovation and Accelerate Business Results
Are you interested in driving decision making down the corporate ladder and information up toward the top? Find out how other business leaders are:
- Accelerating innovation
- Creating more market leading products
- Performing market research
- Receiving early indicators on critical initiatives
- Accurately predicting future outcomes
- Effectively monitoring risk
The Consensus Point prediction market captures crucial leading indicators and efficiently prioritizes investments for companies and organizations, helping accelerate innovation and decision making by tapping into the knowledge of people. The success of this solution relies on the wisdom of many versus one subject matter expert, as was demonstrated in the popular TV show, “Who Wants to be a Millionaire” and James Surowiecki’s book, The Wisdom of Crowds. Business Value comes from taking action on the insights your employees or customers share through the prediction market.
The Consensus Point solution collects the true knowledge and beliefs of people, which large organizations are unable to tap into using traditional surveys and ranking tools. The prediction market is based on a dynamic market mechanism, similar to a tournament, with play money where people can buy or sell shares to respond to questions that business leaders ask. Participants can also suggest new or expand on existing ideas or predictions, through collaboration tools. If they answer correctly – which is tied to the actual result - they win additional dollars and rewards. Those who place high in the rankings will earn recognition and rewards for their success as a leader who provides accurate and actionable information to the organization.
In large organizations, we know that accurate information improves decision-making, and such decisions lead to profitable and sustainable growth. With Consensus Point, you gain the ability to monitor potential risks, and the agility to transform those risks into company advantages. And by identifying and tracking new products, services and industry trends in real time, you have the intelligence to respond quickly and efficiently to the changing dynamics of your community and the marketplace.