How remote-sensing technologies and artificial intelligence will enable new insights into our toughest global problems.
The digital transformation is afoot! Why all the hubbub and excitement often mixed with uncertainty and dread? If you’re like one of our clients, you’ve been collecting data at the behest of regulators and other stakeholders for years. But, as our research has reported, little has been done with the data except to report numbers.
Our analysis of a decade of sustainability reports found little evolution of reporting. Many years of reporting measurements demonstrated no consistency in the way data was reported over time. How then, do companies know how well they’re doing? This is where the digital transformation comes in.
The amount of data is increasing exponentially with the number of internet connected devices/sensors added to the mountains of data already collected and stored in company databases. Some industries have done a better job of analyzing the data to glean useful information and insights to guide decision making, operations and strategy. Others – not so much. This article focuses on the value of remote sensing for monitoring issues before they become problems; analysis of big data sets to find signals that indicate the health of business systems, and ultimately, the creation of statistically relevant indicators that are more precise, just in time, scalable, predictive, actionable.
“Developing big indicators will be a complex undertaking—both technically and organizationally. First, the underlying data and insights that power them must be accurate, transparent, reliable, and widely accessible, as well as independently auditable and verifiable—in a word, open. That’s because trust is essential—without it, there’s little hope of adoption.”
Trust, transparency, accessibility is where we come in. If you’re thinking about big indicators, give us a call. We’re here to help.
Read the full article at: ssir.org