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Foresight, our enterprise prediction market platform, is a product under constant and steady development, based in large part on customer input and feedback. Between major releases, we frequently provide feature releases to get new developments and requests in the hands of our customers as soon as possible. We’re pleased to announce our June 2010 release of Foresight.
Our goals with this release are:
- continuing to make the user experience flexible to specific business situations and needs, as well as user preferences
- improving management analytics reports by turning data into information for business leadership
And here’s what’s new:
User Interface Updates
New Confidence Interface — For both point and stock metaphor markets, participants will have a new way to increase or decrease confidence in any question or stock, streamlined from the previous process. The entire participant interaction may now be done via a bidirectional slider that allows users to increase or decrease confidence and see the resulting consensus. The interface also dynamically provides feedback to the user on the impact of their vote in addition to their maximum payout or value potential assuming they are moving the consensus in the correct direction.
The Advanced option allows participants to enter a number of units/points directly. For stock metaphor markets, this is also where limit orders may be placed. Once the answer is submitted, the participant has the opportunity to enter a private comment regarding their trade.
Security Enhancements — System security has been enhanced with additional encryptions. As a result, users will no longer be able to retrieve their forgotten password, but rather will be asked to ‘reset’ their password.
Decision Dashboards — As part of additional reporting and analytics capability enhancements in the administrator application, specific users may be granted access to enterprise dashboards. The dashboards provide a snapshot view of the market’s activity, trends, associated business value, and comments.
Administrator Updates
Custom Fields — Administrators may now create and manage custom fields of information for traders, stocks and categories. These custom fields may store additional information beyond what is standard in the application. For example, a ‘Department’ field might be created to track which department the trader belongs to in the organization. The management of custom fields is located under the ‘Settings’ area of the admin application.
The addition of custom fields is important because now business leaders can run a range of reports on aggregated bits of business intelligence.
Reporting enhancements — Additional reports have been added to the reporting section in the admin application. To accommodate the additional reports, the reporting navigation has also been modified. The additional reports include the ability to view the data along several dimensions, including any custom fields that have been defined in the market.
This release is now generally available with the Foresight platform and will be deployed to existing customer markets within 30 days.
Consensus Point is the leader in prediction markets, collective forecasting, and innovation management.
