A New Means to Forecast Prices
HiveInsight is a collective intelligence community that aims to reduce the uncertainty associated with volatile raw material prices. Individual members submit monthly forecasts, which in turn, are aggregated into powerful collective intelligence forecasts.
How Do I Participate?
The process is simple—enter your predictions once a month, using our interactive system. After you submit your forecast, you will have access to the HiveForecast for all items in which you participated. We also track your accuracy, enabling you to benchmark your performance.About Us
What is HiveInsight?
HiveInsight is a unique collective intelligence community that helps industries predict future price movements of volatile raw materials and key inputs. Using emerging collective intelligence practices, HiveInsight aggregates individual expectations from throughout the value chain into a powerful predictive consensus. Our mission is to provide members and customers with compelling predictive insight for strategic planning and risk management.
What’s So Great About “Collective Intelligence�
Collective intelligence in the form of “crowd wisdom†is built on years of research that demonstrates the remarkable ability of certain mechanisms (such as markets) to aggregate diverse viewpoints and generate highly accurate consensus forecasts. In the face of complex systems, these aggregation mechanisms can produce an “emergent†solution- continuous, real-time forecasting data that is more accurate and insightful than traditional approaches (computer models, expert surveys, market research, and polling). In recent years, leading publications, such as Business Week, Time, US News, The Economist, Wired, and the NY Times, have begun to detail the benefit of collective intelligence for corporations. Simply put, collective intelligence in the form of “crowd wisdom†is an imminently disruptive innovation that promises to change the face of forecasting.
Who Are We?
HiveInsight is based in the US (Raleigh-Durham) and the UK (London).
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From reading the blablating above, it sounds like they do BOTH prediction markets AND other forecasting methods. Did you get the same feeling, folks???
Robert Wilburn is an ex-NewsFutures.
