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Experience the power of Xpree Markets
in your organization
Xpree Offers Two Powerful Solutions
Open Innovation Markets
Invited users or the general public submit ideas
Group votes and comments on ideas
Top ideas are analyzed using prediction markets
If we develop the innovation:
- How much investment will be required?
- How popular will it be in focus groups?
- Will it be adopted by a business unit?
Forecast Markets
Forecast key metrics using employees, partners or customers
Control access to forecasts, opening and closing metrics
Analyze quantitative and qualitative results
- When will the product ship?
- How much will sell in Q2?
- Average Net Promoter Scores?
For each solution, Xpree combines easy to use web-based software with consulting services to ensure a successful implementation and launch of your prediction market.
Key features of Xpree Markets:
Intuitive Betting Interface
Easy to understand, easy to participate. In focus groups, we found that a betting metaphor was easier to understand than a pure stock trading metaphor (especially when shorting). By avoiding terms such as "bid", "ask", "long", "short" and "cover" the Xpree solution enables participation from ALL members of your group. This is Main Street, not Wall Street.
To experience how easy it easy to bet on Xpree - grab the slider below and bet on sales of the Y-phone in 2008
I bet $0.00 that "2008 sales of the Y-Phone" will be 600,000 units
It's a Game
Learning from our background and customers in the video game industry, we incorporated game elements in our product, such as virtual prizes and high scores. These features, combined with a simple interface and innovative prizing, make forecasting fun.
Powerful Prediction Toolset
Xpree markets can be used to forecast dates, metrics or yes/no questions. The Xpree automated liquidity system ensures bets are taken even with limited numbers of participants (we have found valid results with as few as 10 employees participating). In addition, the sensitivity of forecasts to bets placed can be fine tuned to match the liquidity in the markets.
Data Security
Your data is hosted on dedicated servers in a secure, professionally-managed, SAS-70 grade datacenter. Featuring load balancing, multiple layers of hardware redundancy, as well as connectivity to major Internet backbones, the service offers reliability and security. For our paying customers, we offer end-to-end SSL-encrypted sessions, dedicated physical storage and other enhanced security. Alternatively, we can provide an Xpree server for clients wishing to host the software in their own datacenter.
Rapid Implementation
Requiring zero IT work, a Xpree market can be set up in minutes. To minimize ongoing administrator work, the products include online training videos for administrators and users and essential reporting tools.