The Network works to empower sound decision-making among leaders in business and policy by providing fresh, actionable insight into key questions on the economic and social agenda.
Business leaders and policy-makers face significant barriers to maintaining the analytic depth necessary to make informed decisions. The metrics currently in use are increasingly irrelevant, outdated or incomplete and lacking features that could ensure dynamic, agile and precise understanding and governance of emerging economic and social challenges. New sources of data, new technologies and more sophisticated analytic methods offer the potential for the creation of meaningful new metrics and insights. However, further investment and experimentation is required to shape and develop these metrics.
In the period up to 2025, the compounded annual growth rate of data will be 61% however at current trends only 3% of that data will be analysed. Barriers to greater analytic capacity include: fragmentation of different initiatives, low visibility of innovative approaches, challenges around data confidentiality and lack of focus on critical public-good measurement challenges among private sector data-holding companies.
The World Economic Forum works with leading private sector companies to co-create new metrics. The metrics are typically published in the flagship reports such as the Global Gender Gap Report and Future of Jobs Report, revealing new insights on the jobs of tomorrow, gender gaps in emerging professions and sizing up skills gaps which can inform jobs transitions into emerging professions.