Impact Data Visualization for Real-Time Socio-Economic Evaluation
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Solution Overview
Problem
Conventional methods for evaluating socio-economic and environmental impact are ineffective due to technical complexity, long lead times, and the difficulty in interpreting detailed reports, leading to a lack of understanding and actionable insights for stakeholders.
Innovation Solution
A computer-based system that automatically generates graphical depictions of socio-economic and environmental impact data using hybrid input-output, econometric, and environmental models, processing data from primary and secondary sources to provide real-time updates and actionable insights.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Measurement precision
If conventional impact studies (IMPLAN, RIMS-II, EMSI, LCA) are used to assess socio-economic and environmental impact, then comprehensive impact data can be obtained, but the reports are highly technical, verbose, and require 3 to 12 months to complete
Solution Approach 1:
The system performs preliminary actions by pre-processing and storing impact data from multiple sources in advance, enabling rapid retrieval and generation of reports without requiring time-consuming analysis during the actual reporting period
Solution Approach 2:
The patent replaces manual analysis processes with automated computer-based systems that use algorithms and data processing techniques to generate impact reports automatically, eliminating the need for manual data collection and analysis that causes 3-12 month delays
2Measurement precision
If detailed impact reports are generated using conventional methods, then comprehensive impact information is available, but the information is difficult for average people to decipher and understand
Solution Approach 1:
The system changes the presentation parameters of impact data by transforming detailed numerical data into visual formats including graphs, charts, and infographics, making the information accessible and understandable to general audiences while preserving completeness
Solution Approach 2:
The patent introduces visual representations as intermediary elements between raw data and user understanding, using graphs and charts as mediators that translate complex technical information into intuitive visual formats that average people can easily comprehend
3Measurement precision
If static periodic reports are provided, then comprehensive impact analysis is available, but the reports do not update in real-time based on updated data
Solution Approach 1:
The system maintains continuous operation by automatically updating impact reports in real-time as new data becomes available, eliminating the static periodic nature of traditional reports and enabling continuous access to current impact information
Solution Approach 2:
The patent implements feedback mechanisms where updated data from various sources automatically triggers system recalculation and report regeneration, ensuring that impact analyses continuously reflect the latest information without manual intervention
4Ease of operation
If automated systems generate graphical representations of impact data, then ease of comprehension is improved, but device complexity increases
Solution Approach 1:
The system segments the complex data processing function into separate modular components including data collection modules, processing modules, visualization modules, and delivery modules, making the overall complex system manageable through functional decomposition
Solution Approach 2:
The patent creates a universal platform that can process multiple types of impact data (economic, environmental, social) and generate various visual formats using the same core processing architecture, reducing overall system complexity through multi-functionality
Data Source
AI summary
A system and method for evaluating socio-economic and/or environmental impact automatically identifies and transmits to a user computing device a socio-economic and/or environmental impact web page of an organization. A computer database coupled to a server contains data for various socio-economic and/or environmental impact web pages, defining formatting elements configured to display impact data. The computer database receives a data feed of the impact data from the organization and/or from one or more of the organization's vendors and automatically updates the organization's socio-economic and/or environmental impact web page. The system automatically generates in the socio-economic and/or environmental impact web page, a socio-economic and/or environmental impact quotient depiction representing socio-economic and/or environmental impact of resource allocations of the associated organization. The system uses hybrid input-output, econometric and environmental models to calculate a total economic impact ratio of the SGA (Selling, General & Administrative) costs of the organization on local communities.