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Meaningful Metrics for a Smart Society
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Date: 2019-09-15 Page is: DBtxt001.php list0300-Data-credibility-1

Definitions for TrueValueMetrics
Data Credibility

Data credibility is not the same as data validity.

There are too many cases where data has gained credibility not because it is valid, but because there has been media promotion over and over again until the public believes wrong data
There is a critical need for the data to be credible and for this there has to be a component of independence, but it is still possible for those with an interest in the outcome to be a part of the process of data accumulation, but they must never be the sole source of data.

The data may be contributed by anyone ... and data may be validated by anyone.

The data may be used by anyone who is working to improve community progress.

There is a “weighting” of the data based on the credibility of the contributors ... and access to data is also controlled to reduce the use of the data for inappropriate purposes.



The text being discussed is available at

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TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative. It has been funded by family and friends plus donations from well wishers who understand the importance of accountability and getting the management metrics right. TVM is a 'big idea' that has the potential to be a game changer leveling the playing field so the wealth and power is shared on a more reasonable basis between people who work for a living and those that own the economy and the levers of power. In order to be effective, it cannot be funded in the conventional way with a for profit business plan, but absolutely must remain an open access initiative.
WE WANT TO MAINTAIN AN OPEN KNOWLEDGE MODEL
A MODEST DONATION WILL HELP MAKE THAT HAPPEN


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