Brightidea Partner Center

Unlocking Intellectual Capital To Accelerate Business Results
The Consensus Point prediction market captures crucial leading indicators, which help accelerate decision making by tapping into the knowledge of people. The success of this solution relies on the wisdom of many versus one subject matter expert, as was demonstrated in the popular TV show, "Who Wants to be a Millionaire" and James Surowiecki's book, The Wisdom of Crowds.

Drive Innovation through Collective Intelligence
Our prediction market collects the true knowledge and beliefs of people, which large organizations are unable to tap into by using traditional surveys and ranking tools. For example, you can ask employees about certain deliverables for the most important initiatives for the company or ask them to predict the actual sales for a product and service line. Industries going through change can ask questions about adaption, morale, and forecast whether the new solutions will meet business goals. Product companies can ask employees about demand planning of inventory levels and uncover gaps in forecasting processes. Service companies can project utilization of delivery resources and determine new service offerings.

The Consensus Point solution uses a market mechanism, such as a tournament with play money where people can buy or sell shares to respond to questions. If they answer correctly – which is tied to the actual result – they win additional dollars. Those who place high in the rankings will earn recognition and rewards for their success as a leader who provides accurate and actionable information to the organization.

Link Human Capital to Business Opportunities
Consensus Point customers link their human capital to business opportunities through prediction markets, and realize significant value and results. Prediction Markets work so effectively because participants are motivated through incentives aligned with the company culture. Participants self-select questions that they have information about and only provide answers to those questions, versus answering all questions in a survey. Prediction markets also work because the participant's identities are protected through the anonymity of their answers, which overcome concerns about giving the "politically correct answer." Participants appreciate being asked for their insight with an engaging, real-time tool that is fun to use.

Customer Business Value
Prediction markets provide the most business value when executives consistently take action on the market results. Consensus Point customers note the importance of developing a comparison between current baselines and market outcomes, to gain confidence in market accuracy. Executives find the market to be on average as accurate or more accurate than traditional methods. In addition, prediction markets consistently provide valuable insights on how to structure or adjust forecasting processes, the most appropriate new product and service channels, and real-time status of critical initiatives.

About Consensus Point
Consensus Point, the leading prediction and idea market company, offers a comprehensive, predictive intelligence, collective forecasting, and performance improvement solution. The prediction and Idea market solution includes a Software-as-a-Service (SaaS) hosted platform, on-site licenses, consulting, IT integration services, and ongoing support.

Consensus Point serves leading global companies and government agencies, including Motorola, Best Buy, GE, The Department of Defense, Qualcomm, The Industry Standard (IDG), Ingenix, and Overstock.com.

For more information visit: www.consensuspoint.com