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	<title>Midas Oracle .ORG &#187; teams</title>
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		<title>In most cases, the team (including the best predictors) outshines the best predictor working alone.</title>
		<link>http://www.midasoracle.org/2009/06/29/the-team-outshines-the-best-predictor/</link>
		<comments>http://www.midasoracle.org/2009/06/29/the-team-outshines-the-best-predictor/#comments</comments>
		<pubDate>Mon, 29 Jun 2009 07:31:58 +0000</pubDate>
		<dc:creator>Chris F. Masse</dc:creator>
				<category><![CDATA[All Best Posts Ever]]></category>
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		<guid isPermaLink="false">http://www.midasoracle.org/?p=14904</guid>
		<description><![CDATA[I had a question about VentureBeat&#8217;s statement, and Leslie Fine has answered it. VentureBeat: As everyone has known since the modern corporation was invented, employees such as executive assistants or production line managers often have better information and more accurate &#8230; <a href="http://www.midasoracle.org/2009/06/29/the-team-outshines-the-best-predictor/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>I had <a href="http://www.midasoracle.org/2009/06/26/crowdcast-employees-know-more-executives/">a question</a> about VentureBeat&#8217;s statement, and Leslie Fine has answered it.</p>
<p><a href="http://venturebeat.com/2009/06/25/roundup-rip-farrah-fawcett-palms-not-so-big-loss/">VentureBeat</a>:</p>
<p style="padding-left: 90px;">As everyone has known since the modern corporation was invented, employees such as executive assistants or production line managers often have better information and more accurate insight than their management.</p>
<p><a href="http://www.midasoracle.org/2009/06/26/crowdcast-employees-know-more-executives/">CrowdCast&#8217;s Leslie Fine</a>:</p>
<p style="padding-left: 90px;">The claim here is <strong>not</strong> that the administrator knows more than the executive.Â  The claim is that <strong>the executive&#8217;s point-of-view can be enhanced by mingling it with the admin&#8217;s. </strong> Empirical and experimental evidence show that <strong>in most cases the team (including the best predictors) outshines the best predictor working alone.</strong> Furthermore, in our implementations we find that our front line managers often have earlier information than the executive suite.Â  Our mission is not only to provide accurate forecasts, but to do so as early as possible.</p>
<p><a href="http://crowdcast.com/">CrowdCast&#8217;s website</a></p>
<p>Best wishes to CrowdCast. They have a good Chief Scientist. <img src='http://www.midasoracle.org/wp-includes/images/smilies/icon_biggrin.gif' alt=':-D' class='wp-smiley' /> </p>
<p><em>Previously</em>: <a href="http://www.midasoracle.org/2009/06/25/crowdcast-collective-forecasting-collective-intelligence-that-predicts/">CrowdCast = Collective Forecasting = Collective Intelligence That Predicts</a></p>
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