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Economic Statistics

REALSOFT continues to utilize its unique expertise, and this time in economic statistics. RealSoft economic statistics are considered a guide for the economy, as it uses data collection and data calculations to produce economic indices such as; Consumer Price Index (CPI), Wholesale Producer Index (WPI), and Building Material Index (BMI), as well as, Producer Price Index (PPI) and Real-estate Index.

Theses indices and others are sharing commonalities in the sense that they provide quantitative data releases of important economic variables, so that they will be out here useful for economist, analysts, investors and policy makers. These indices are the key statistics that indicate the direction on an economy as they are used to make adjustments to many cash flow mechanisms.
RealSoft performed number of economic surveys crowned by their impressive implementation of the CPI solution. The solution provided a full automated package to define, collect, process and calculate the CPI index through user friendly desktop and mobile applications. And as a result of the CPI system coverage, it has been adopted by the statistical departments of many countries like; Jordan, Oman, KSA, Kuwait, Iraq, and lately by Abu Dhabi.

Besides, Realsoft has successfully implement the Household Income and Expenditure Survey 2007 for the Ministry of National Economy Oman. This survey mainly focused the light on the income and expenditure patterns of households, through gathering related information such as demographic and economic characteristics of the population and housing, facilities and appliances, sources on Income, daily spending expenses and others.

More economic indicators where studied and analyzed lately through the Comprehensive survey 2014-2017, where wide range of statistic topic and indicators were covered through number of surveys. The surveys include: the job rotation survey, Job seekers survey and others.

Why RealSoft?

  • Economic data usually collected through visits conducted by well-trained mobile staff.
  • The solutions have well defined process flow where fully automated systems are designed to handle all the processes starting from data collection, processing, monitoring, reporting, to indices calculation.
  • The solutions allow users to define the sources and type of data required to calculate each index, all along with full descriptions and based on international coding standards.
  • Our economic and statistical offerings are with high quality outputs, where all are accompanied by methodologies to process and validate the collected data in many stages.
  • The calculation of indices are stands on the latest statistical equations used in the field and can be customized according to the ones used by the clients.

Technical Features

Mobility

Full-fledged systems for collection on the go, utilizing any compatible device. These Mobile systems include many features that enable the front-line user to easily and seamlessly conduct his/her task on the go without the need for any paperwork.

Connectivity

Mobile Systems can connect with the database of the back-office using wired cables or wireless networks, including:
  • Serial connection
  • Ethernet
  • GSM
  • GPRS
Backend systems can capture data/prices directly, either through direct connection or through batches, this includes:
  • Batch files (Excel) for disconnected mode through upload structured files.
  • Intermediate database for Direct mode through data link.
  • Direct integration for direct mode through Web Services.

Manageability

Survey manager can distribute the survey effort between the available survoyers, this include assigning collection tasks to enumerator and taking it from enumerators. These systems provide mechanisms to manage the survey like send the request for survey to mobile users, receiving tasks from them, accepting results, investigating the results …etc

Accessibility

The system provides tools to access the values, data, compare data between sources and regions and others. Additionally, the system allows users to review the outputs through:
  • User friendly web interface
  • Advanced reporting system with numerous reports

Security

Systems provide secure means to access the database, this includes authentication, data encryption and staging approach to isolate the on-line database from the external use.

You are invited to explore the world of Realsoft, and see for yourself how we make business sense through every single partnership and achievement we add to our legacy.

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