The Design Thinking Behind The SPICE Quotient Product
SPICE is an economic analysis framework that stands for
Sector. Policy. Investment. Consumption. Entrepreneurship
There is a logic behind calling it a Quotient too ????
The product was designed as a quantifiable framework, with an algorithm behind it
It is also a digital product that allows the user to play analyst
and rate their own SPICE Quotient…
…and hence also doubling up as an online poll of economic sentiment
SPICE Quotient is a symbol of a tech enabled, information packaging enabling data consumption
Understand The SPICE Quotient Journey And What Drives Us !
How Did The Journey Start?
What Was The Intent?
- SPICE Quotient was started as a digital publication blog on the Indian economy in 2019
- A unique feature of the insights published on the blog
- They were designed to flow like an executive presentation
- The content was designed to serve as a self learning tool on analysis construction
How Did The Name
SPICE Quotient
Come About?
- Many of you may be familiar with the term Emerging Markets (EM’s), which was broadly taken to describe the developing economies of the world in the past 20-30 years
- Think South East Asia, Middle East, Latin America etc.
- Originally, SPICE Quotient’s aspiration was to publish insights on the Emerging Markets
- These markets have seen multiple frameworks – BRICS, CLMV, IMPT, CIVETS, CEE etc
- The author came up with SPICE as a new way of thinking on what binds the EMs together
- Earlier frameworks distinguished based on traits such as wealth or size
- However, increasingly the EMs see remarkably similar comparable attributes and drivers
- That’s where the framework of SPICE was born ????
SPICE Quotient Is An Example Of How We Impress Upon Leaders To Think… and Do !
What Is The Relevance To The Service Offering?
- Sustaining the blog turned out a bigger challenge than anticipated!
- But, the trigger of a “new way of thinking” still remains and burns bright
- We believe that the SPICE Quotient represents a creative way to think about data
- Further, what we did was develop the SPICE framework into an analytical tool
- For ex. – the author would rate the Indian economy’s SPICE Quotient every month
- Through this, with information published on a media source, we believe it represented a powerful mechanism to train & simplify analysts the skills to develop a framework
- After all – Seeing Is Believing as they say !
- Also, a product has been developed on the site where users can provide their own SPICE Quotient rating on the Indian economy
Interesting!
So You Utilize The
SPICE Quotient Website
To Train Users On
Digital & Data ?
Yes ! Everything about the website SPICE Quotient was designed to train people to understand how to work better with data and utilize technology to harness it better digitally. Be it:
- How to produce data (and insight) and how to communicate these insights
- Develop analytical instincts with data
- Story tell with data efficiently
- Productize data and make data easily consumable
- Design an information dissemination platform
- Develop an analytical product by working with technology
Would You Like Your Top Talent To Develop These Into Digital Ready Products? ????
And Yes, We Do Have More Frameworks ????
| SPICE Quotient | Economic Framework |
| GRIPS Quotient | Strategy Framework |
| POLE Quotient | Market Sizing Framework |
| LAMP Quotient | Competition Density Framework |
| PUBS Quotient | Brand Value Framework |
| TYRE Quotient | Expense Analysis Framework |
| YONDER Quotient | Competitive Intelligence Framework |
| Digital Quotient | Digital Maturity Assessment Framework |
Dabble In Some Experiential Learning !