New product development topics include
CrowdWorx can put Crowdsourcing at your fingertips for use along the complete new product development (NPD) process:
- New product development: Let the crowd help in optimizing the features of your new products and services
- New product evaluation: CrowdWorx prediction markets can deliver quantitative estimations of life-time sales potential, development cost and time of new products. These forecast will greatly reduce your failure rate for new products
- New product introduction: Hard-to-forecast sales of new products
- Insurance plans: Find the profit maximizing deductible or optimize other features of your plan.
Benefits for new product development
- CrowdWorx is one of the few methods which can actually be used for forecasting new products and innovations. This is because for new products there is no historical data or prior experience to base analyses on.
- Using its compelling built-in incentive system CrowdWorx has collected 18,000 opinions from employees at Deutsche Telekom within 4 days. The system aggregates all opinions into quantitative KPIs such as sales potential or risk to fail. These results have a much stronger foundation than assessments from an analysts or experts.
What clients say
“ The insights we’ve generated with CrowdWorx Prediction Markets are fascinating. ”
Download CrowdWorx’ client case studies about new products.
