Government Planning/Economic Development

Transform Quality of Life

What is Government Planning Analytics and Economic Development Analytics?
Big Data, Business Intelligence, and Advanced Analytics are not just business tools anymore. If you’re a government leader and not deploying and leveraging the immense power of analytics, you will risk devolving your state, county, and city and decreasing quality of life. Conversely, applying data-driven decision tools can assist government leaders and policy wonks in 19 vital areas: 1) Land Use; 2) Residential Real Estate; 3) Commercial Real Estate; 4) Economic Development; 5) Community Design; 6) Environmental Resources; 7) Parks, Open Space, Recreation; 8) Demographics; 9) Psychometrics; 10) Transportation & Mobility; 11) Employment; 12) Governance; 13) Education; 14) Safety & Crime; 15) Capital Markets & Community Re-Investment; 16) Technology 17) Energy; 18) Communication; and 19) Infrastructure & Services.
Why Do I Need Analytics for Government Planning and Economic Development?
Applying advanced analytics at the government level will empower every level and function of government to visualize every performance indicator affecting all four “customers” that a state, county, and/or city should serve: 1) current and future citizens/residents; 2) current and future employees; 3) current and future employers/collaborators; and 4) current and future visitors. Moreover, government leaders and decision makers will envision “four dimensions” for every performance metric they use to evaluate the decision they need to make: 1) historical trends; 2) current strengths, weaknesses, opportunities, and threats; 3) what-if interactive forecasts; and 4) bullet-proof supportable benchmarks and milestones . . . in seconds. Armed with robust analytical dashboards, government leaders can visualize three powerful tiers of knowledge: 1) Executive Dashboards delivering a synthesized “composite” performance index for their state, county, and city on a single line chart; 2) All Performance Segments that measure, benchmark, and forecast every major function and department; 3) Thousands of market, economic, geo-political, demographic, and psychometric “drivers & indicators” to quickly drill down to the root causation and/or correlation of any issue, question, concern, project, or topic of discussion. And as regional and local governments become more competitive with their neighboring regional and local governments, it is vital to benchmark your state, county, and city by key cohorts: 1) Geographic Cohorts include cities surrounding, bordering, and/or close-by; 2) Competitive Cohorts include cities that compete for one or many resources on some level with your city; 3) Analogue Cohorts include cities that share several key characteristics with your city yet located well out of your competitive market area; 4) Emulative Cohorts include cities that “thought leaders and decision makers” benchmark for how they would like to evolve.
Why Choose Competitive Analytics to conduct Advanced Analytics for Government Planning and Economic Development?
Seneca, the Roman Stoic philosopher and statesman once said: “quam bene vivas referre non quantum | it is how well you live that matters, not how much.” Competitive Analytics designed and developed an unparalleled quality of life index and planning tool called DECIPHER™ SEQOL (acronym for Significantly Enhancing Quality Of Life) in order to help states, counties, and cities decipher their own performance, growth, sustainability, and competitiveness. This dynamic and multi-functional index is unlike any other in terms of accuracy and usefulness. It is both an index and planning tool. Other quality of life indices are typically based on a handful of static indicators at a specific point in time. Furthermore, there is typically very little visibility into methodology. In contrast, the SEQOL Index is an extremely precise and accurate measurement tool measuring thousands of drivers of quality of life falling within categories such as education, economy, crime, environment, innovation, etc. This allows government officials and decision-makers to drill down three levels – Level 1: A singular top-level score for the city, county or state; Level 2: Categorical rankings (e.g. Education, Crime and Safety, Economy, Environment, Innovation, Economic Development, Affordability, Technology, Demographics, and other categories); and Level 3: Each individual indicator that underlies the categorical and top-level score (e.g. SAT scores, misdemeanors, air quality metrics, etc). Moreover, government officials can use SEQOL as a strategic planning tool in that each department can drill down into the drivers that affect their area of responsibility for measurable performance benchmarking. Furthermore, SEQOL is a monitoring tool in that it tracks indicators over a period of time, allowing government officials to monitor the impact of their decisions over time. Finally, the SEQOL Index is interactive in that city officials are able to change certain aspects, components, and weights of the scoring methodology (e.g. the weighting of specific drivers). For example, with respect to city planning, DECIPHER™ SEQOL analyzes all specific categories of land use development along with economic and demographic indicators that correlate with these land use categories. These correlative indicators are then used to forecast demand/supply for residential housing (for-sale and apartment), retail, office, industrial, hotels, schools, transportation, etc. empowering local governments to make optimized decisions with respect to future land-use (based on forecast scenario models of residents, employees, employers, visitors, etc.). As an example, Competitive Analytics designed a comprehensive SEQOL index for City of Riverside, California. See http://seizingourdestiny.com/wp-content/uploads/2012/06/2012-sod-qualityoflifeindex.pdf
  • Thank you for another informative forecast session. We find it provides an excellent perspective. Many thanks for the invaluable insights. Given the outstanding feedback from clients and caliber of your lecture, I would like to extend you through the next 6 months. Please let me know if you can accommodate.

    Director, The Landing For Men of Newport Beach
  • One of the high points of my job is from time to time having the good fortune to experience phenomenal business structures and intellectually driven individuals. You definitely fit both of these in spades.

    General Manager, South Coast Plaza/C.J. Segerstrom
  • Thank you again for presenting at our council meeting. We were all very impressed by you and your company’s service.

    Executive Director, IREM Orange County
  • Simply stated, CA exceeded our expectations on all projects. With CA’s passion for accuracy, obsession with using the latest cutting-edge technology, and devotion to client service, I strongly recommend without hesitation the selection of CA as the top choice among market consultants in business today.

    VP Sales and Marketing, SunCal Companies
  • A few weeks ago I sent our friends at Competitive Analytics our monthly report to import into a new iPad tool they created. WOW! It is amazing how they turned an almost impossible collection of data into an intuitive one with built-in analyzers for your iPad!

    Director of Sales & Technology, NES Rentals
  • Competitive Analytics’ approach and methodology is well beyond any firm we experienced. They utilize advanced mathematics and proprietary software in order to assist us with specifically identifying revenue maximization and product optimization. Needless to say, they were worth their fee.

    Chief Financial Officer, Boeing Realty Corp.
  • We use a company called Competitive Analytics to provide projections, trends and metrics based on the information from our own actual results as well as other companies. We have found that this firm is significantly more accurate than any of the other “Economic Forecast” that are done in Southern California.

    Vice President, Business Development, Western National Group
  • When I need comprehensive economic analysis, precision market research, and strategic advice with measurable results, I call David Savlowitz at Competitive Analytics. Competitive Analytics has completed an array of demand studies, pricing studies, forecasting, and qualitative research for our company; and on each and every occasion CA provided phenomenal deliverables that added much insight and value to our business.

    Division President, KB Home
  • Since early 2000, Western National Property Management has engaged Competitive Analytics to assist in developing quantitative and qualitative forecasts specific to the Southern California apartment market, and to assist in forecasting strategic and tactical plans for our clients’ properties. The information garnered from this annual analysis is an integral component of our annual budgeting and business plan process. Due to the proven track record of Competitive Analytics with regard to our portfolio, we have come to rely on their insights and observations about the economic climate that directly impacts how we do business. Competitive Analytics is an intelligence firm that conducts comprehensive market research and precision analytics.  They employ a myriad of innovative methodologies and technology to produce objective, evidence-based market knowledge to assist companies to reach higher levels of performance and profitability.

    President, Western National Group