News

aLocalDevelopment.com Launches … First Ever AI Economic Analytics and Demand Modeling Tool

aLocalDevelopment.com Launch

aLocalDevelopment.com launched their beta version on March 25, 2019

aLocalDevelopment.com launched their beta version on March 25, 2019. This software provides immediate market demand data for every zip code in the US, GIS maps and a dashboard analyzing the current demand of every for-profit industry category. It has the ability to provide a PDF report of the analytics, maps and dashboard in just a couple minutes. Additionally, using Scenario Builder, the user is able to input multiple economic scenarios and see how it impacts industry demand levels, housing demand and ultimately understanding the impact of economic and policy decisions. The user can save each scenario and use later in policy conversations, economic cost benefit analysis or other comparable studies that focus in on the priority “what businesses do we need to create economic growth?”

Economic data provides a foundation for making informed decisions for all markets and governments. In the digital age, the need for information is ongoing and the expectations of accessing this information is the same. Furthermore, the information is usually raw and only reported without truly understanding the impact of certain indicators. aLocalDevelopment, developed by Eric S Trevan, PhD, Sageous Brian Suggs and Adeel Ali, there is now a solution to provide advanced market demand data with ease and affordability.

Mr. Suggs began to ask the question” …why are governments paying thousands of dollars to wait 2-3 months having information compiled, but not analyzed?” Currently economic decisions are made by finding smart people and brainstorming ideas in a room without anchoring these initial projects in analytics. Using the term “analyze, not summarize” Dr Trevan knows that if governments have access to high end economic analysis and truly understand the markets, spending behavior, possible economic leakages and human capital levels, then decision makers would have baseline economic analysis. Using thousands of economic data points, these can be combined and grouped based on how their principal components impact economic outcomes. They began to work within his network and put together a team of IT developers, researchers and economists to help create an economic algorithm providing market demand data immediately. This 15-year idea has come to fruition and over the past 9 months they have worked with a development team to create aLocalDevelopment.com.

The beta test will last for approximately a couple months and a launch date will be made after working on the priorities of the software. Like any analytics Trevan states “…there are errors, but it’s important to note the potential errors and work with leaders in the community to make good decisions.” Other companies have already formed relationships with aLocal and are working together to develop API’s to connect with existing software and new potential software to work with the aLocal algorithm. Future expansion of the software includes revenue and employment estimates, multiple zip code analytics, economic impact of different scenarios and industry demand heat maps showing areas of interest for different industries.

aLocalDevelopment is owned by aLocalSolutions, LLC and is available for any zip code throughout the US.

aLocalDevelopment.com

aLocalSolutions.com