July 7, 2015
FOR IMMEDIATE RELEASE
WIKISTRAT LAUNCHES ANALYTICAL WARGAME HARNESSING THE POWER OF CROWDSOURCED FORECASTS
Wikistrat Expands Product Offering to Include Interactive Role Playing Games For Strategic Forecasting
Washington, DC, (July 7th, 2015) — Wikistrat, the world’s first crowdsourced consultancy, today announced the launch of its new line of interactive role-playing games, designed to help decision-makers identify solutions to complex strategic challenges in both public and private sectors.
“Wargaming methodologies as long been used by businesses, governments and the military to conduct strategic analysis and to stress test operational capabilities,” said Joel Zamel, CEO of Wikistrat. “The Wikistrat platform allows us to develop and run games for clients with an extraordinary degree of efficiency, pulling in expertise from around the world and organizing this expertise into teams that can simulate real-world conditions, in real-time. We’re proud to offer this new capacity to the market and provide unparalleled precision to both the public and private sectors.”
Wikistrat has expanded its product line to include three types of games which provide unparalleled access to top strategic minds by leveraging a crowd of experts from around the world, to tackle issues, and assess risk and complex environments in order to determine effective action plans.
- Strategic Wargames are designed to simulate moves and counter moves in business, government or national security settings. These games are traditionally used for strategic planning, determining distributions of conditional outcomes, and exploring problems, issues, trends and asymmetries.
- Crisis Management Exercises are designed to simulate a crisis management situation for the purpose of strategic planning, operational support, and management training. They are most useful for crisis pre-planning, improved corporate functioning in uncertain conditions and educating and preparing management.
- Training Simulations are designed to simulate a situation facing a particular enterprise or group of employees for educational and training purposes.
Role-playing games are effective at bringing to light potential concerns or risks, while testing alternative strategies, particularly in situations that present great uncertainty. Wargames specifically are designed to simulate moves and counter moves in business, government or national security settings where human factors are involved. They are designed to help develop a more forward-looking view of competitive landscapes, limit vulnerability and seize emerging opportunities.
“Wikistrat offers an extraordinary open source platform with access to vetted expertise that can address vexing yet strategic issues of our times for a wide array of clients,” says David Shedd, Former Acting Director, Defense Intelligence Agency (DIA). “The access afforded by Wikistrat to that expertise and its innovative use of crowd sourcing and big data enables the client to tailor the requirements to fit his/her needs and thus avoid obtaining analysis that has little applicability to what the client is looking for to inform significant government or corporate decisions.”
Wikistrat’s unique Collaborative Competition™ methodology and patent pending online technology platform have proven to be a highly efficient mechanism. It allows members of its global community of more than 2,000 subject-matter experts to interact in a gamified environment, simulating actions and reactions to complex strategic challenges. This disruptive approach also means Wikistrat can produce reports at a more competitive price than more traditional consultancies.
Founded in 2009 and headquartered in Washington, DC, Wikistrat operates a global network of over 2,000 subject-matter experts working collaboratively via an online platform to help decision-makers identify solutions to complex strategic challenges. Wikistrat works with clients ranging from AFRICOM, NATO, to the French Airforce, as well as major private sector companies. The crowdsourced approach enables public and private sector clients to obtain deeper insights about the future — as well as plan more creative policy options and strategies — with unparalleled speed and cost efficiency.
Head of Communications