August 28, 2018, by Erik Larson

No Time For An Economic Impact Analysis?

New Technology Gets You Up and Running Fast

Historically, economic impact analysis on policy or other industry issues has been a long process, taking 2 to 6 months to complete, depending on the context.
This sort of timeline is rarely useful when you need to react quickly. In the world of policy and advocacy, your timeline is measured in days, not months.
With data automation technology developed here at eImpact, we are radically reducing the time it takes to produce robust data and analysis, with typical turnaround times of 2 to 4 weeks.
How do we do it? Read on for a quick summary of our technology-driven process.

How We Turn Around Impact Reports, Fast

Data Sourcing and Cleaning: automating the tedious parts

A lot of time is consumed at the front-end of any economic analysis project doing basic data collection, processing and merging (consolidating data from disparate sources). At eImpact we automate this entire process across a wide range of sources, from publicly available data to third-party sources.
For a list of data available, visit this data sources site.

Purpose-built Templates: focusing on the highest impact

Let's face it, most people will not read a 30-50 page report, which is the very format most economic impact reports take. Many times an executive summary or one-pager will serve to bring to meetings or events, but the lions share of the work is underutilized. At eImpact, we have a laser focus on the high impact takeaways, and we've made a science out of purpose-built templates such as our Legislative Fact Sheets.

Getting The Story Out sharing and tracking your engagement

Perhaps the prospect of what to do with your impact analysis post-completion is daunting. You're plate is full and you don't have time for a communications strategy change that includes using data. At eImpact we've developed what we like to call the 'Easy Button' – built-in social sharing, embed codes and a place to track all of the report views (even for specific emails, such as a legislator or member of the media).

Check out a live example of a policy impact analysis on eImpact:

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