A SHARED LANGUAGE FOR A NEW ECONOMY
Significant resources are being utilised (ie. Horizon 2020, Green Deal..) to develop projects, initiatives and reports to collectively understand individual case studies; but without a common vocabulary, this data remains useless, as it is often in an analog or static digital format (ie. report pdfs and websites).
Digitalisation offers multiple opportunities:
By developing an ontology that not only enables both human-readable and machine-readable formats, we can support machine learning algorithms to better understand and analyse the data and optimise the utilisation of these resources for better policy development and investments of both public and private resources.
This can speed the transition from No More to Not Yet
New services and offerings need a shared vocabulary both to support the development of new services, and the standardisation of impact reporting as well as interoperability across all sectors.
Investments can be better utilised through research and innovation program or via impact investing supported by dashboards, benchmarking and new metrics.
A common international understanding is required, therefore the incorporation of a system for scaling a multi-lingual thesaurus linked to the metadata can help breakdown cultural barriers.