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What is Collective Intelligence? Collective intelligence is the ability of groups of people to be smarter than the smartest individuals in them. For collective intelligence to emerge instead of "groupthink", it is necessary to check the natural tendency of group members to try to minimize conflict and reach a consensus decision without critical evaluation of alternative ideas or viewpoints. As summarized in the best-selling book The Wisdom of Crowds, four conditions have to prevail: diversity of opinions, decentralization of inputs, independence of thought and information aggregation: Choosing the right information aggregation mechanism is critical to achieving collective intelligence. For instance, when the task at hand is forecasting, prediction markets have proven particularly efficient at "consolidating the informed guesswork of many into hard probability", as The Economist recently wrote. Lumenogic has more than a decade of experience helping companies tap their collective intelligence through prediction markets, innovation competitions and other means.   Recommended Further Reading PDF Intelligence Is Collective Emile Servan-Schreiber Lumenogic Research Report May 2012   Online Decisions 2.0: The Power of Collective Intelligence Eric Bonabeau MIT Sloan Management Review Winter 2009, 50:2   The Wisdom of Crowds Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations James Surowiecki Doubleday, 2004   Online The Collective Intelligence Genome Thomas Malone, Robert Laubacher & Chrysanthos Dellarocas MIT Sloan Management Review Spring 2010, 51:3   Collective Wisdom Principles and Mechanisms Hélène Landemore & Jon Elster (Eds) Cambridge University Press, 2012   The Difference How the Power of Diversity Creates Better Groups, Firms, Schools, and Societies Scott E. Page Princeton University Press, 2007   Infotopia How Many Minds Produce Knowledge Cass Sustein Oxford University Press, 2008       TRUSTED BY INDUSTRY LEADERS WORLDWIDE