The Theory team is the hub of R&D at Locus. Our work is focused on the development and expansion of the Locus Model: a standardized framework that describes and connects the interacting parts of the economic system – businesses, jobs, industries, governments, supply chains, communities, and products. The purpose of our work is twofold. Firstly, we work to build and refine the underlying theory behind the Locus Model to make it more robust and more accessible for the general public. In addition, we manage the implementation of its translation and application to multiple different economic data-sets such as businesses, jobs, products and services.
The Theory team focuses on refining the accompanying Locus Classification System and its global economic dictionary to enable the organization and querying of business and economic data using the Locus Model on a real time basis.
Using the Locus Model and Classification System, members of our team are exploring and building tools for various applications including education, economic development, entrepreneurship, career development, and community engagement. An important goal of the Locus Theory team is to make the Locus Model accessible by the general public. At its core, it provides a generalized framework for economic activity similar to our generalized frameworks for scientific inquiry. It provides an opportunity to educate students at a young age about the economic system in which they live and in which they will work.
Our team believes that the Locus Model will illuminate patterns, trends, and outliers and be transformative in the way we organize, relate, and study economic data.