Socio-Economic Impact Assessment Methodology
The Socio-Economic Impact Assessment (SEIA) Methodology aims at analysing and measuring the potential social and economic impacts of new technologies and business models on the respective manufacturer, its ecosystem and wider society.
The 3-step SEIA methodology considers impact on three areas: (1) Impact on industry; (2) Impact on society; (3) Impact on the scientific community. These three areas are interlinked since, for example, impacts industry as a result of disruptive technologies may, in turn, have knock-on effects on society and the environment.
In addition, a social innovation impact assessment methodology is proposed to capture the collateral / indirect effects of the socio-economic industry-level assessment. Such a methodology focuses on social innovations, i.e. new ideas (products, services and models) that simultaneously meet social needs (more effectively than alternatives) and create new social relationships or collaborations.
The manufacturing subsector is considered with respect to three core categories: importance to the European economy, employment in the industry, and effects on the environment.
The potential socio-economic impacts are drawn together across the three socio-economic megatrends: employment, environment and economic growth, as identified in the Factories of the Future (FoF) 2020 roadmap.
A cost-benefit analysis of affected parties is undertaken, which involves the dentification of affected parties (stakeholders), the identification of the costs and benefits for affected parties and of performance indicators that can be used to estimate them, and estimation of the costs and benefits for the affected parties.
The social innovation impacts span the Users as Makers, the Workplace Innovation, the Extrovert Enterprise Collaboration and the Green Innovation Management dimensions, and can be measured through qualitative assessment.