Nosco: Prediction Market Software for Companies
At the Enterprise 2.0 breakfast I held for Hill & Knowlton clients in Toronto last week, someone ask me about tools for capturing ideas from sales people with voting and commenting capabilities. Nothing sprang to mind, but I promised I would do some research.
Seems like a bit of an untapped market to be honest*, but one that hits all the buttons is Nosco (www.nosco.dk) from a Danish firm.
Not only does it allow voting and commenting, but it also allows participants to buy and sell shares in the best ideas and run competitions. For sales teams, I think these kinds of features could be ideal. The software can be hosted securely externally (so up and running quickly) or installed on a customer’s own servers.
* Since posting this, Noam Danon left a comment pointing me to QMarkets, another potential candidate. Any more out there I’m missing?
** Add Consensus Point to your list as well. President David Perry informs me that they “actually started developing prediction markets 15 years ago but things *really* started heating up with The Wisdom of Crowds came out.”
hi Niall,
the sort of solution you are looking for is normally referred to as “innovation software” or “idea management”, and there are quite a few vendors out there that offer some sort of a solution for organizations.
My company Qmarkets offers such a tool, providing the enterprise with all the capabilities required.
Administrators could launch “Campaigns” addressing a certain issue inviting the right employees to participate.
Employees could submit ideas, comment on others, vote & rate.
In addition, company could define more formal review processes that idea should go through before being approved.