Value Cycle Approach
A “Value Cycle Approach” has been developed for B2BI as a methodology to implement the Strategic Framework which explores the complex changes governing the future of the B2BI nations. The value cycle joins discoveries made through research and the translation of research results into applications. The applications are used operationally to provide services (e.g., weather forecasts, fish stock movement, insurance forecasting). User experience generated in this way informs the discovery and translation part of the value cycle. The cycle is driven by curiosity, an essential virtue of the value chain participants, the users, researchers, communicators, forecasters, policymakers, or technologists. The continual need for new information and knowledge fuels the cycle.
In the value cycle, the first three elements (Data, Questions, and Modelling) involve the attributions* of science to climate and related environmental changes where studies seek to test whether and by how much the deviation from average can be attributed to and thus responsible for observed changes such as extreme temperatures, lengthy droughts, extreme flooding, and increasing hurricane intensity. A fourth element identifies the key impacts affecting these changes in society and the Earth’s natural systems. Two additional aspects (Consequences and Actions) take the science generated and help depict the potential societal implications of change and what actions decision-makers may need in the B2BI region. The value cycle is continuous in that all elements feed into each other, compounding the knowledge gained and the new questions to be asked. The result is a continual process of user-informed science results needed for services and activities.