Interactive Web 2.0 cooperation in business together with the distribution of decision impacting amongst employees is the general description of the word crowdsourcing. The term was first used by Howe and Robinson in 2006 to define making use of the Wisdom of the Crowd when using social forecasting.

Crowdsourcing based prediction markets allows the management to assess crucial decision together with their employees from around the world. Making use of the knowledge and experience of your co-workers makes market and demand forecasting much easier, as well as predicting the potential of new products.

Companies from all continents have found that crowdsourcing is a very powerful method to predict various events. Crowdsourcing constantly gets more and more influencial. Managers finally discovered the value of the wisdom of their employees .

White papers as well as case studies about crowdsourcing can be found in the download section of the CrowdWorx website.