Home > DocuBase > Article

« All DocuBase Articles


Follow DocuTicker on Twitter Bookmark and Share   Feed

Wednesday, 28th April 2010

Social Analytics: Tapping Prediction Markets for Foresight

Social Analytics: Tapping Prediction Markets for Foresight
Source: Deloitte Development LLC

Prediction markets are emerging as a valuable forecasting tool in areas from sales forecasts to project success. This social analytics strategy could potentially help resolve a number of business uncertainties especially where prior data may be sparse or the situation is so unique that other forecasting tools are less useful. Instead of fancy statistics and software, prediction markets tap into the wisdom of crowds and the capacity of markets to aggregate beliefs to generate predictions.

In the coming year, Chief Financial Officers (CFOs) can be expected to hear a lot more regarding the value of analytics to convert corporate data and information from hindsight to insight and then to valuable and actionable foresight.

How can CFOs use prediction markets as part of their portfolio of decision support tools to help reduce uncertainty? Read the article below our first look at prediction markets.

+ Full Document (PDF)



Views: 581

Please note: DocuTicker's editors collect citations for full-text PDF reports freely available on the web but we do not archive these reports. When you click a link to find and/or download the report, you are leaving the DocuTicker site. DocuTicker makes no representations regarding the ongoing availability of any report or any external resource. Links were accurate as of the date of posting.

« All DocuBase Articles



FreePint supports the value of information in the enterprise. Read more »

FeedLatest FreePint Content:

All FreePint Content »
FreePint Topics »

A FreePint Subscription delivers articles and reports that support your organisation's information practice, content and strategy.

Find out more and order a FreePint Subscription by visiting the
completing our online form: Subscription Order page.

FreePint Testimonials

"The CoP provides a great opportunity to talk, listen and share ideas. It is beneficial to get input from peers. You do pick up feedback from ..."

Read more testimonials and supply yours »




Receive the DocuTicker Newsletter each week.

Find out more »

Article Categories

All Article Categories »


All DocuBase Sources »

Source Categories

All Source Categories »


All Archives »