Mindjet Releases 'Predictions,' a New Crowd Analytics Capability in SpigitEngage
(Thomson Reuters ONE) -
New Module Helps Businesses Make Better Decisions Using Crowd-Predicted
Quantitative Data
LONDON, UNITED KINGDOM--(Marketwired - Oct 29, 2014) - Mindjet, the global
leader in SaaS solutions for enterprise innovation management, today announced
the release of Predictions, a new module for its innovation platform,
SpigitEngage. Predictions helps businesses make better business decisions by
leveraging their internal and external crowds to quantify the value of potential
innovations. This enables businesses to forecast revenue, estimate time-to-
market, and evaluate costs of implementing ideas within the innovation pipeline.
Predictions presents users of the SpigitEngage platform with a series of
questions relating to value, cost, and delivery time of suggested ideas. Users
are given a suggested value from which they vote 'more' or 'less' depending on
how accurate they feel the figure is. Through convergence of multiple data
points, an average figure is calculated from the votes of the crowd.
SpigitEngage is an enterprise-grade innovation management platform that allows
businesses to surface the best ideas that their employees, partners, and
customers have to offer, and quickly turn them into results. It gives
organisations the ability to tap into the problem-solving capabilities of the
crowd to establish repeatable innovation processes with predictable results.
Using Crowd Science, enterprise social technology, big data analytics, and game
mechanics, Mindjet's SpigitEngage enables organisations to innovate across their
workforce at scale. With the addition of Predictions, businesses can utilise
crowdsourcing to gather quantitative data on an idea and help predict the
overall ROI of their innovation programme.
"Decades of sociological research on the 'wisdom of the crowd' has shown that
there is incredible accuracy through the collective knowledge of a diverse group
of people," said James Gardner, SVP of Products at Mindjet. "With that in mind,
we've created Predictions to give organisations an additional tool to truly make
better business decisions based around the combination of human intelligence and
data."
Predictions enhances the ability of business analysts to come up with valuations
and decisions for implementing proposed innovative solutions. Using the
Predictions algorithms, organisations can use crowd-predicted, quantitative data
to forecast revenue, project schedules, and market release dates, and anticipate
overall costs.
New features include:
* An engaging user experience that helps predict the impact of ideas with
three simple questions: How much will it cost? How long will it take? How
much revenue (or cost savings) will it result in?
* Patent-pending application of algorithms to deliver accurate crowd
estimates.
* An algorithmically-computed "Best Overall" score, ranked on a leaderboard by
factoring in the business impact, efforts, and costs associated with
implementing an idea, and the degree to which there's agreement amongst
crowd participants.
* Crowd Analytics with advanced visualisations that enable business leaders to
quickly categorise ideas on a continuum from "low cost, low impact" to "high
cost, high impact."
"We believe Predictions will truly help organisations get more measurable
success out of their corporate innovation programmes," said Milind Pansare, VP
of Product Marketing at Mindjet. "In the past, innovation programmes would host
a business innovation challenge, ideas would surface and typically, one winning
idea would be selected through voting. Yet there was no effective way to measure
how much those ideas -- especially the ones that were not winners -- were worth.
The new module gives businesses the ability to surface multiple ideas from a
challenge based on quantitative metrics, bring more innovations to market, and
improve the ROI of their innovation programme."
The Predictions module is immediately available to customers as an optional
premium addition to SpigitEngage.
About Mindjet
Mindjet is committed to enterprise innovation excellence. They provide the first
software platform with the capability to drive repeatable business innovation at
scale. Millions of people, as well as 83% of the Fortune 100, use Mindjet's
enterprise-ready innovation management and productivity suite, featuring
SpigitEngage and MindManager. Mindjet enables the world's leading brands to
build and manage sustainable innovation programmes with social dynamics,
purposeful collaboration, crowd science, and analytics, to surface and develop
the best ideas and bring them to market. Mindjet is headquartered in San
Francisco with offices throughout the US, UK, France, Germany, Japan, and
Australia.
Mindjet and the Mindjet logo are registered trademarks of Mindjet LLC in the US
and other countries. SpigitEngage is a registered trademark of Spigit, Inc.
FORTUNE 100 is a trademark of the FORTUNE magazine division of Time Inc.
Media
For press queries, please contact:
George Baggaley/Tom Knock
Brands2Life
Mindjet(at)Brands2life.com
+44 (0) 207 592 1200
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Mindjet via GlobeNewswire
[HUG#1866556]
Unternehmensinformation / Kurzprofil:
Datum: 29.10.2014 - 08:01 Uhr
Sprache: Deutsch
News-ID 347790
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Kategorie:
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