December 2006 Archives

Predictive Markets: Dignan Review

By Doug Grant on December 14, 2006 9:53 AM | | Comments (0)

http://blogs.zdnet.com/BTL/?p=4146

 

<p><a href=”http://blogs.zdnet.com/BTL/?p=4146” rel=”bookmark” title=”Permalink”> Prediction: Predictive markets will be a next big thing</a> by <a href=”http://zdnet.com”>ZDNet</a>’s Dan Farber — Prediction markets may be the next big thing. Maybe. At an evening “confab” at Yahoo a number of experts in the prediction market field talked about the value to corporations of tapping into collective intelligence . The author of  popular book, The Wisdom of the Crowds, James Surowiecki moderated the mini-conference. Surowiecki started (at left) […]</p>



 

To put this in the context of the “business intelligence” IT portfolio: if the accuracy of forecasts are a key corporate strategic data element, how can we pursue / evaluate the ideation, prototyping of a “social intelligence” predictive solution?

There are several predictive market pilots out there which could be helpful as a starting point — Yahoo’s BuzzGame among them.

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