Government Planning/Economic Development
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?