Welcome to our latest product update, where we share with you some of the developments we’ve been working on in our Analyst tool. This month, we’ve got three updates to tell you about.
Gross Value Added (GVA) is now in Industry Reports
We mentioned in our June Product Update that we had added Gross Value Added (GVA) into the Economy Overview section of Analyst, so that users can quickly see the economic output in their area. What we’ve now done is to add GVA as an option in another two reports — Industry Table and Industry Overview.
The image below shows an example from the Industry Table, with the GVA columns highlighted. As you can see, we’ve not only included the actual GVA amount, but also the percentage of GVA accounted for by each particular industry in the region. This can be done for all 4 Standard Industry Classification (SIC) levels, and so enables users to get a real measure of productivity for industries in their area at both the generic and more specific levels:
Analyst has for some time allowed users to select a region based on distance from a particular address. What we’ve now added is an extra element that allows users to select a region based not on a straightforward “as the crow flies” distance, but rather on the time it takes to commute. So by entering in a “drive time”, users can create a geography made up of counties or local authorities within a certain commuting distance (in the example below, the geography is set for 45 minutes drive time from Nottingham). This should prove particularly useful for organisations who are looking at things like site selection, skills supply and salary benchmarking, where factoring in the catchment area is crucial.
Finally this month, we have added another table to our Economy Overview: In-Demand Skills. Using Job Postings Analytics, this allows users to very quickly get a snapshot of the hard skills that are currently being demanded by employers in their region, and so will be extremely useful for any organisation looking to get a better understanding of the skills dynamics in their area:
Our customers shape our products, so we would love to hear from you if you have any suggestions or thoughts on this month’s update or our products in general. Get in touch by clicking the button below.