Transparency Management – Control Access to the Crowd Forecast

Crowdcast is a powerful tool, producing unbiased, timely forecasts of your most important metrics. Controlling access to these crowd forecasts is key as the metrics may well be different from the “official” forecasts. For example, in a project management setting, the crowdcast may indicate that a key milestone will slip.

Planned date = Jan 15, Crowd Forecast = Feb 10….. DANG!

The realistic crowd forecast is important for managing the project and shaping customer expectations. However, this sensitive information needs to be handled well otherwise it could cause issues around employee morale or with partners or investors.

This issue around transparency of the results has really restricted the use of prediction markets in the enterprise, but Crowdcast has developed and patented a solution.

We have now enabled 3 transparency settings to allow our admins to share as much as they want with the participants.

Three Settings:

You can share everything, share comments, or share only the question.

Share with your team: This is the default setting and shares the Crowdcast Curve, the comments, the beliefs behind those comments. Use this for metrics which are ok to be shared with your team.

Share comments and anonymous individual bets: With this setting, the Crowdcast curve no longer appears. Use this setting for metrics where the commentary and social side is important, but where the metric may not be shared.

Share the question only: This shows only the question. Payoffs are ‘location invariant’ — a user can’t determine the shape of the Curve by moving their bets around. Comments are hidden. Use this for your most important metrics.

For all the settings, the Admins and the users with “Executive” access can still see the crowd forecasts on the Dashboard page.