/ The Wisdom Of Crowds

Infographic

The Wisdom Of Crowds

Many of us feel that the individual is often smarter than the group, but is this actually the case? In this infographic, we explore how crowd wisdom works and what conditions must be present to generate the extraordinary results only groups can produce.

Here is what we learned:

A collective group had a 99.8% guessing accuracy at a TED conference
There are four main elements to create a “wise” crowd
How game shows use the wisdom of the crowd

Check out some related resources:

How Naylor is leveraging data to keep work running smoothly

5 Things Your BI Solution Is Missing

“Building a Data-Empowered Company,” a BI leverage eBook

Try Domo for yourself. Completely free.

Domo transforms the way these companies manage business.