Beware of Black Boxes

Beware-Black-BoxStatistics are like a bikini, what they reveal is interesting but what they conceal is vital.  A variety of “black box” applications are being introduced for economic and data analysis.  These tools claim to offer intelligently organized data that provides neatly packaged insights.

On the positive side, these tools are very helpful and they are democratizing economic and data analysis.  They enable the user to see a variety of indicators with a few clicks, or do drill down into various industry sectors.  They also enable users to easily combine and compare indicators. Continue reading “Beware of Black Boxes”

National Firm Selected to Perform Economic Data Analysis on RI’s Competitive Strengths, Areas of Improvement as Part of Sustainable Communities Initiative

Governor Chafee Announces Next Action Step in Development of an Integrated Plan to Mobilize State and Community Assets for a Better Rhode Island

January 14, 2013 (Providence, R.I.) – Governor Lincoln D. Chafee today announced the next action step in a multi-agency effort over the next two years to develop an integrated approach for the state to land use, transportation, housing, and economic development. Through an open Request for Proposals (RFP) issued November 7, 2012 by the Rhode Island Economic Development Corporation (RIEDC), in collaboration with the Division of Planning’s Statewide Planning Program, Rhode Island has selected a consulting team to compile economic data, analyze the state’s regional performance, and identify strengths and possible ways to improve Rhode Island’s economy. Continue reading “National Firm Selected to Perform Economic Data Analysis on RI’s Competitive Strengths, Areas of Improvement as Part of Sustainable Communities Initiative”