blog




  • Essay / The power of information: using scientific data

    I believe in the power of information. I also believe that to improve economic and community development in Africa; All our sectors will need to benefit from significant performance data. Take for example the problem of low wages. How can we increase wages more effectively above living wage levels to produce the greatest beneficial impact on those at the base of the wage pyramid? Impact data science cannot simply lump performance into a single reductive metric (such as the number of workers who do not pay a single universal salary threshold relative to profitability), because it can lose important contributing factors ( such as geographical position or family situation). of workers) and lead to unworkable and potentially inefficient solutions (such as increasing the remuneration of all workers with a fixed amount). In reality, living wage levels are calculated locally and must take into account all sorts of factors specific to each worker's specific situation in order for them to have any real meaning. What data science can do is improve predictive power by injecting the much-needed human dimension; for example, beyond simply raising wages, what specific combinations of actions can be taken by a company, and in which communities, to generate the most lasting positive impact on the lives of employees and their families. This is now a real data challenge!Say no to plagiarism. Get a tailor-made essay on "Why violent video games should not be banned"? Get an original essay How do you know, for example, whether a company is really paying a fair wage? Is it helping the communities in which it operates strengthen so that working families can build a better future? Information on community health, economic and county-level income, local environmental conditions and vector contamination, job quality and working conditions, and a host of other aspects of socio-economic conditions economic in African countries, are increasingly widely available. Many companies are taking the initiative to make data available. All of this provides raw material for exploring data science and its impact when it comes to tracing social issues. Here, standards and measurements are full of reliable, consistent and meaningful performance data. Technology and the demand for greater transparency contribute to this. For example, the set of customer reviews and quality of social media product data is huge and increasing in usefulness. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Personalized Essay Using science and data to shed light on how businesses can better respond to the real priorities of Africans, including: investing in building healthy communities, improving social outcomes and financial performance, alleviating pressures on poor people. Environmental awareness emphasizes job creation and the isolation of social impact metrics that are more powerful in predicting future business performance. African countries desperately need data and evidence to make impact investments more results-oriented. By collecting and making data more easily accessible..