Advanced Business Intelligence and Analytics Platform

The Vendor is required to provide business intelligence platform that is designed to strengthen workforce and economic development strategies, particulary in areas where traditional data sources are limited or insufficient.
- Solution to meet the state’s current and future needs for strengthening workforce data analytics, driving targeted layoff-aversion strategies, and enhancing the state’s ability to rapidly respond to critical events, including mass layoffs, plant closures and natural disasters.
- Advanced business intelligence and analytics tools
• Robust data that reflect the stability, growth, and risk of individual businesses and employers, labor market information (current, past and projected), demographic and economic factors, and other relevant information.
• Comprehensive employer intelligence and business health indicators that provide employer-level business performance health indicators, including stability, risk, and predictive analytics identifying businesses likely to experience workforce instability, stagnation or growth.
• Industry and geography specific labor market insights that include employment trends, growth and decline patterns, and sector-based risk indicators.
• Employer profiles with verified business attributes that include physical addresses, industry codes: industry classification system, employment estimates, business size, and multi-location information.
• Predictive analytics for layoff aversion and workforce instability, i.e., a predictive model that identifies businesses at risk of layoffs, closures or workforce disruptions over time.
• Integrated business engagement targeting tools that enable users to filter, segment and prioritize employers based on risk level and industry, size, geography and hiring trends.
- Technical requirements
• Intuitive data visualization and dash-boarding tools that include interactive dashboards, charts and visualizations to allow users to explore business trends, employer health and regional economic indicators.
• Real time and regularly updated business and labor market data, i.e., frequently updated business intelligence data, including employment trends, business openings and closures and economic indicators updated at least once a month.
- Support and technical assistance
• Access to designated commerce staff, as well as staff of career source state and all local workforce development boards, with configurable role-based permissions.
• Support and technical assistance to users during scheduled monthly meetings and when needed to discuss concerns or issues
• Create documents such as desk aids and step-by-step guides to assist current and new users.