Enterprises are insular and limited to ideas and opportunities identified by their employees. The lack of data science and analytics resources constrain ability to gain needed intelligence. Reliance on a few experts limits diversity of opinion and experience.
Goals and Objectives
Power of the whole is greater than the sum of its parts. Leverage ideas such as prediction markets and crowdsourcing to generate better outcomes.
Prediction markets, swarm intelligence, collaborative analytics, crowd sourcing
Use Case Summary
Limited individual expertise, group think, and other decision-making biases can be mitigated through collective intelligence techniques that have been shown to produce, for example, more accurate forecasts. Advanced in development “intelligent things” will lead to broader use of autonomous swarms of digital and physical bots.