Qualtrics provides panel management software to help companies recruit opt-in research panels, engage panel members on an ongoing basis through surveys, and reward participation with incentives. The key benefits of having an owned panel include lower costs compared to outsourcing surveys, faster turnaround times, and increased response rates through regular engagement of panel members. Managing a successful panel requires ongoing recruitment of new members, communication with the panel outside of surveys, and experimenting with different reward strategies to increase participation rates.