Impact Data Visualization for Real-Time Socioeconomic Reporting
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Solution Overview
Problem
Conventional methods for evaluating socio-economic and environmental impact are ineffective due to the technical complexity of the information, long lead times, and difficulty in interpreting detailed reports, leading to a lack of understanding and actionable insights for organizations and consumers.
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 various 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 conducted to assess socio-economic and environmental impact, then comprehensive impact data can be obtained, but the reports are highly technical, verbose, require 3-12 months to complete, and are difficult for average people to decipher
Solution Approach 1:
The patent transforms complex impact data from conventional studies by changing the presentation parameters from technical text formats to graphical visualizations. The system converts detailed numerical and textual impact data into charts, graphs, and visual representations that are easily interpretable by average users while maintaining the accuracy and comprehensiveness of the original impact assessment data.
Solution Approach 2:
The patent introduces an intermediary processing layer between the complex impact study data and the end user. This intermediary system automatically processes, simplifies, and visualizes the technical data, acting as a bridge that translates complex academic and technical reports into accessible graphical information without losing the underlying accuracy of the impact measurements.
2Quantity of substance
If detailed impact reports are generated to provide comprehensive analysis, then thorough information is available, but the reports require long lead times (3-12 months) and are static rather than real-time
Solution Approach 1:
The patent replaces the manual, time-consuming mechanical process of preparing detailed impact reports with an automated computer-based system. The system automatically processes impact data, generates graphical visualizations, and updates results in real-time, eliminating the need for manual report preparation while maintaining comprehensive information coverage.
Solution Approach 2:
The patent implements a continuous automated process that constantly updates impact analyses as new data becomes available, rather than producing static reports at fixed intervals. The system maintains continuous processing of impact data and automatically generates updated graphical representations, ensuring that information is always current without requiring periodic report regeneration.
3Productivity
If automated graphical generation systems are implemented to improve data accessibility, then real-time updates and visualizations are provided, but the system complexity increases
Solution Approach 1:
The patent creates a universal processing platform that handles multiple functions within a single integrated system. The same computer-based infrastructure processes various types of impact data (economic, environmental, social), generates different graphical visualizations, and serves multiple user needs, thereby achieving high productivity without proportionally increasing system complexity through functional consolidation.
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.


