Companies that need accurate predictions on e.g. new product potential, S&OP or demand planning can achieve this easily by using social forecasting.

Crowdsourcing which is a part of social forecasting and the associated prediction markets software, are one of the new ways to solve various quantitative problems. Making use of the knowledge and experience of your employees will not only give you far more accurate predictions but can also generate huge savings.

The gamification and stimulus system of prediction markets are the main reasons why this social forecasting method is so accurate in comparison to traditional methods. Various case studies and white papers prove this and can be found throughout the web. For example, CrowdWorx provides such material.