CrowdWorx is a SOCIAL FORECASTING tool which utilizes the knowledge of your employees and transforms it to quantitative forecasts about sales, new products, and other business KPIs.

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Employee-based Crowdsourcing

CrowdWorxTM transforms the knowledge of all employees into one number which goes directly to the CEO. Areas of application include:

Why employee-based Crowdsourcing?

Our employee-based Crowdsourcing approach has provided measurable impact for our clients.

Employee crowdsourcing improved sales forecasting accuracy by 22% leading to an increase in revenue by $40 million p.a.
Crowdsourcing more than 18,000 employee opinions on new product ideas in just 4 days providing a solid product validation
2mn EUR decrease in market research costs by replacing part of market research with Enterprise 2.0 Social Forecasting
Employees forecasted currency exchange rates 4 months ahead with higher accuracy than the futures markets
Employees achieved over 80% forecasting accuracy with for service utilization rates, number of new customers by product, and other KPIs

More client case studies.

How to deploy CrowdWorx

CrowdWorx is a Social Business software which can integrate with existing Enterprise 2.0 platforms or function as a standalone Social Business portal. Traditional Social Business platforms provide mainly text-based outputs, e.g. articles, while CrowdWorx’ outputs are numbres which nicely complement text-heavy Social Business tools.

Find out more about our Enterprise 2.0 Social Business solutions.

News

CrowdWorx interview with Caroline Rudzinski

Wednesday, March 21st, 2012

Caroline Rudzinski   Caroline Rudzinski is a systemic consultant and researcher with focus on innovation, knowledge management and organizational theory. …→

IBM plans to lay off 70% of employees for crowdsourcing

Monday, February 13th, 2012

According to several media reports (Reuters, Techgig), IBM plans a huge job reduction and restructuring of their workforce. This plan …→

CrowdWorx interview with Nathan Bricklin, Wells Fargo Bank, U.S.

Tuesday, January 17th, 2012

Nathan Bricklin Nathan Bricklin is Senior Vice President and Head of Social Strategy, Wells Fargo Wholesale Bank. At Wells Fargo …→

CrowdWorx interview with Carol Gebert: Prediction Markets in the Pharmaceuticals Industry

Thursday, December 29th, 2011

Carol Gebert Carol Gebert has been studying prediction markets for nearly a decade. She was formerly CEO of Incentive Markets, …→