Innovation and Idea Management
What if you could tap the minds of your most valuable asset, your people, in an efficient way? Want to test large quantities of ideas to find the best ones? Is your traditional innovation process taking too much time?
With access to the Consensus Point powerful solution, you'll discover answers to questions such as:
- Which investment opportunity deserves to be funded?
- Which product features should we include in the next version?
- How much should we charge for this new service?
- Which potential partner will help us achieve our business goals?
The Foresight Prediction Market platform represents the most efficient process to identify and prioritize innovation concepts and ideas from your employees. While some companies have tools to capture ideas, a prediction market enables employees to suggest new ideas and expand on existing ideas — turning a good idea into a great idea, all in real-time. Prediction markets enable employees to prioritize these ideas based on criteria for success, enabling leaders to receive a ranked list of the best investments the company should consider. As a result, some companies have reduced a quarter of time off the traditional “committee” process, while gathering new ideas and innovations for product development. Markets are a fun and engaging way to elicit valuable ideas and business innovations. Using markets in the innovation process, you can engage all employees equally across distributed areas, in a low cost way.
Learn more about the business value from our customers’ success:
GE Imagination Markets: gathered and prioritized 100’s of ideas from 150+ countries in three weeks, effectively prioritized investments during GE Energy’s annual planning cycle
Motorola: reduced duplicate ideas by 40% and pursued 40% more ideas than before, decreased disposition time by 55%, increased social collaboration