what makes competIQ's intelligence value so unique?
competIQ is the world’s first (and patented) platform to combine the proven utility of wikis and prediction markets on a seamless, state-of-the-art, secure web platform.
That means that competIQ is uniquely capable of revealing and modeling the quality of objective intelligence in groups — intelligence that is otherwise obscured by politicization, expert bias and other human factors.
And that intelligence — accessible only via competIQ — can be crucial to fully understand the underlying logic of complex, mission-critical decisions. Simply put, competIQ can tell you what you don’t know — and tell you the predictive implications of what you already know. The value of cost-effective access to comprehensive intelligence — in your organization, and outside its walls — is incalculable.
why does competIQ work so well?
One of competIQ’s core technologies — prediction market trading — is proven to significantly out-perform more traditional methods of intelligence access (surveys, polls, focus groups) in depth of evaluation and statistical weight. That means that competIQ’s prediction market core can produce deeper, more rigorous intelligence than you are accustomed to using. Why?
Prediction markets are competitions at their core; participants are incentivized to take action on what they know. Traders are anonymous, so political considerations and peer pressure are eliminated. And since experts and non-experts are on a level economic playing-field, no single trader can “skew” the market to a viewpoint, no matter how closely held. The result is that the true knowledge of the group is expressed, to the benefit of enterprises wherein the right intelligence is vital to ongoing success.
Tell me again how it works?
With competIQ, participants contribute everything they know about a business case, and trade that knowledge against the contributions of other traders. Answers aren’t pre-defined (as in the case of, for example, most advanced surveys and opinion diagnostics). Rather, answers are created by the participant group.
The result: competIQ produces an unprecedented product. The aggregate knowledge of the community, the innovative heft of the market, and a rigorous predictive model of each idea’s applicability and future outcome in context of the business challenge. It’s an extremely powerful way to augment an enterprise’s market perspective, and to optimize ROI across the business unit.
how is competIQ priced?
competIQ can be used on either a per-case or subscription basis.
competIQ’s fees are fixed, but can vary depending on ancillary services, including market recruitment and advanced performance analysis.