Improved Corporate Forecasting Tools

Interesting article from the NY Times on a new corporate friendly tool to help better improve the quality of forecasts, whether that's revenue, profitability, or quality. It leverages the principle that a larger group of people will, on average, have collectively better information than a smaller group of people. This may seem counter-intuitive but it's based on something called the wisdom of the crowds which assumes that when you combine varying perspectives you get a much more comprehensive picture.

Check out Crowdcast, headed up by Mat Fogarty, a former Electronic Arts coworker. We used his tool and it works!