CITY OF ARVADA DATA INTELLIGENCE PROPOSAL
eImpact Report | March 2018
SUMMARY: OUTCOMES & OBJECTIVES
eImpact will help Arvada respond to key areas of concern, such as:
INTRO: ENERGY MODEL vs. COMMUNITY MODEL
The eImpact team has significant background in energy data and analytics, a great parallel example to economic data forecasting. In this work, energy models are used routinely to help decision-makers understand the benefits and ROI of energy retrofit projects. This is a great parallel to the types of interventions an economic developer and planner would deploy to alter the baseline forecast in the community. Below is a side-by-side comparison between these two worlds.
|ENERGY MODEL||COMMUNITY MODEL|
|GOAL||Optimize ROI||Realize Community Vision|
|UNITS OF MEASURE||kWh, BTUs, Heat Gain/Loss||Retail, Industrial, Office, Housing|
|METHODS||Regression Analysis and Physics-based Model||Regression Analysis and Econometrics|
|INTERVENTIONS||Energy Conservation Measure||Ryan + Policy|
|EXTERNAL FACTORS||Weather, Occupancy|
In both cases, the key benefit in taking this approach is to gain more visibility into our plans and their expected results, and to calibrate and refine our model through tracking of actual data. Absent this, we are truly flying blind.
SCOPE: What It Will Take
AEDA seeks greater visibility and insight into data that addresses current and future needs of the community. This will require understanding both the baseline and future forecasts of key data points. Timely data is key, as stale reports are a rearview mirror.
From the Candelas report that AEDA shared with eImpact, we found the following trend curious. This is just one quick example of the kinds of insights possible.
What are the reasons for this prediction? Can the course be changed? Should it?
These are the types of questions eImpact will be able to help AEDA answer.
The report example at right is a relevant example of eImpact client work. The goal of this interactive report was to help the Oregon Business Council engage stakeholders on the various policy levers impacting the state budget.