Our unique Social Forecasting™ technology has been proven to provide more accurate forecasts on new products during the innovation process – not after significant funds have been sunk into their development. This information is probably the most valuable functionality an innovation management system can offer.
10-year scientific long-term study confirms that Social Forecasting™ is more accurate than market research in 3 out of 4 cases. Social Forecasting™ also exceeds the performance of all experts.
Source: Rietz et al. (2003): Accuracy and Standard Error in 10 Years of Study, University of Iowa, Working Paper
Deutsche Telekom uses the Social Forecasting™ technology from CrowdWorx for the Telekom Prediction Markets to bundle the distributed knowledge of employees in the shortest possible time and generate answers to important business questions.