Press

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March 5, 2010: Mashable: How Companies are Using Social Media to Make Better Decisions

Collaboration and crowdsourcing are the realities of today’s public Internet, and the trend is now gaining real traction in the workplace. Smart companies increasingly understand that their richest source of insight, ideas, data, and information is within their own employees. They are the ones whose talent, work, and daily interactions with the product make the business what it is. Read more »

February 17, 2010: Marketwire

SAN FRANCISCO, CA–(Marketwire – February 17, 2010) – Crowdcast, a leading provider of collective intelligence and prediction market solutions, today announced a partnership with Peer Insight, a strategic innovation consultancy specializing in identifying and realizing emerging business opportunities. Read more »

February 2, 2010: Crowdcast CEO Mat Fogarty on SupplyChainBrain’s Executive Briefing
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January 29, 2010: Wall Street Journal All Things Digital

This week: We we had a Skype visit with, asked some questions of and gathered a few pertinent stats about Leslie Fine and Crowdcast, an uber-geeky business intelligence tool that helps decision makers tap into the collective knowledge of employees.

In other words: No one person knows the future, but all of us together might. Read more »

January 13, 2010: Marketwire

SAN FRANCISCO, CA–(Marketwire – January 13, 2010) – Crowdcast, a leading provider of collective intelligence and prediction market solutions, today announced the addition of Bobbi Frioli to its growing team as vice president of global sales and strategy. In this role, Frioli will drive strategy and execution of Crowdcast’s global sales program. She will also focus on scaling business expansion and customer development. Read more »

January 2010: BioProcess International

This past fall, we collaborated with researchers from MIT and Harvard Business School to develop and launch the Pharmer’s Market, a prediction market that aggregates the opinions, insight, and experience of a wide range of pharmaceutical professionals to forecast outcomes of drug clinical trials. The market is designed to be a showcase of how pharmaceutical development could run in the future. Read more »

December 2009: Crowdcast CEO Mat Fogarty discusses the power of harnessing collective intelligence to drive decision making on FoxBusiness

December 21, 2009: ZDNet

When we talk about collaboration or knowledge sharing, we often assume that this refers to what is occurring within the enterprise. The fact is that there are two types of collaboration: internal and external. Read more »

November 24, 2009: Eyeforpharma

Pharmer’s Market, an online crowd-sourcing tool, will help determine whether prediction markets are useful for drug companies.

It’s the pharma industry’s biggest challenge. While a new drug that makes it to market can generate astronomical profits, a new drug that languishes in research and development—to one day be tossed out as a bad idea—costs staggering sums of money, an average of $1.2 billion. To compound the problem, competing pharma firms rarely share information, and thus often end up spending $1.2 billion on the same bad ideas. Sharing information without jeopardizing proprietary ideas would save the industry billions of dollars a year. Read more »

November 16, 2009: New York Times Freakonomics Blog
We all know that information is valuable, and that more information is generally better than less.

But in the realm of pharmaceutical research (as in others, to be sure), there’s a troubling paradox: while successes are widely publicized, and while the results of clinical trials are usually published, the research from projects that fail before that stage is usually kept hidden. “A result,” writes Natasha Singer in The Times, “is that companies waste many millions going down experimental paths that their competitors have already found to be dead ends.” Read more »

November 14, 2009: New York Times

In the absence of a public database on failed drug compounds, a small group from the Sloan School of Management at M.I.T. and the Harvard Business School has created Pharmer’s Market, an online prediction market that uses crowd-sourcing to forecast the likelihood of a drug’s success. Introduced last month, the market has invited biomedical researchers and other drug industry experts to place anonymous bets, using virtual money, on the likelihood that certain breast cancer drugs, currently in clinical trials, will succeed or fail. Read more »

October 9, 2009: Marketwire

REDWOOD CITY, CA–(Marketwire – October 9, 2009) – Crowdcast, along with faculty from MIT and Harvard, today announced the launch of the Pharmer’s Market, a prediction market that harnesses collective intelligence to predict the likelihood of breast cancer drugs succeeding through the three phases of drug clinical trials. Read more »

July 27, 2009: CFO.com

As financial markets embrace the idea that economic recovery is drawing near, CFOs are not as infused with optimism — indeed, many are downright skeptical that better times are right around the corner. That sentiment was clearly evident in the first two weeks of operation of the CFO Prediction Market.

The forecasting tool, which uses technology from Redwood City, California-based Crowdcast, aggregates the opinions of anonymous finance executives on important economic indicators and trends. Read more »

July 6, 2009: Andrew McAfee’s Blog: Mobs Rule!

A June 25 post to the New York Times Bits blog starts with “To get the best predictions about when your company’s latest product will ship or how it will sell, you might try asking your employees — anonymously.” A skeptical but fair response to this is something like “Sure, I might, but why should I? Our company has professionals who make these kinds of forecasts for a living. Why on earth should I place more trust, or any trust, in the predictions that come from an anonymous crowd?”

A convincing answer to this question is “You should place more trust in the crowd if it gives you better answers than your current methods do.” And the post in the NYT presents evidence that corporate prediction markets do just that. Read more »

June 29, 2009: FierceBiotech IT

A chief application is tapping front-line employees to determine when a product will launch, on the theory that their “unfiltered” responses will yield a more accurate prediction than one based on data that has been filtered and massaged as it made its way to the boss. Those answering corporate queries posed via Crowdcast offer a response and make a virtual bet on their prediction, allowing the system to self-select the best predictors. Read more »

June 26, 2009: CIO Zone

“Employees know what’s really going on in a corporation, but that information rarely reaches management’s ears,” said Crowdcast CEO Mat Fogarty in a statement. “By tapping employee intelligence, Crowdcast channels this raw knowledge into actionable business intelligence.” Read more »

June 25, 2009: New York Times DealBook

To get the best predictions about when your company’s latest product will ship or how it will sell, you might try asking your employees — anonymously. A start-up, Crowdcast, began selling corporate forecasting software on Thursday that does just that. Read more »

June 25, 2009: New York Times Bits Blog

To get the best predictions about when your company’s latest product will ship or how it will sell, you might try asking your employees — anonymously. Read mode»