SAMETRICA helps drive the Common Approach to create a data standard for impact measurement

Posted By SAMETRICA Customer Success on Mar 20, 2019 12:03:27 PM

SAMETRICA is a key software company participating in the The Common Approach Project, a collaborative two-year project led by Carleton University’s Sprott School of Business,and funded by Employment and Social Development Canada and the Ontario Ministry of Economic Development, Job Creation and Trade. It responds to three key goals identified by the Ontario Social Enterprise Strategy 2016-2021: equipping social enterprises to demonstrate the impact of their work.

 

The Common Approach will create an impact standard to report on social and environmental results. Within the Common Approach, SAMETRICA is working with the Centre for Social Services Engineering at the University of Toronto to apply expertise in Artificial Intelligence (AI) and Knowledge Representation (KR) to help our clients scale this open standard for impact reporting.

 

This standard makes SAMETRICA products and services a powerful tool for other enterprises seeking standardization, such as the Government of Canada, provincial and state governments, large not-for-profit organizations, and innovative corporations. SAMETRICA’s client base includes organizations from each of these sectors. SAMETRICA is actively promoting the open standards created by the Common Approach to its clients.

 

The Common Approach is particularly important to social enterprises in Ontario since the Ontario Government includes “measuring and reporting on social impact” as a part of their definition of what constitutes a social enterprise. In order to propagate the standards created by the Common Approach, SAMETRICA will be offering its software product to social enterprises accepted by Project partner Canadian Community Economic Development Network (CCEDNET). CCEDNET is assessing social enterprises as a part of the Procurement and Investment Readiness Fund (PIRF).

 

For more information see the news release from Carleton University’s Sprott School of Business:

https://sprott.carleton.ca/2019/unlocking-social-change-through-a-common-approach-to-impact-measurement/

 

 

 

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