The new predictive models include macroeconomic model and innovation index
International Data Corporation (IDC) has received a contract from US Department of Energy's Office of Science and National Nuclear Security Agency to develop economic models for predicting returns on investments (ROI) in high performance computing (HPC).
Under the eight month grant, IDC will develop two new models, including a macroeconomic model and innovation index.
The macroeconomic model will depict how HPC investments result in economic advancements, while the innovation index will measure and compare innovation levels based on levels of applying HPC computing resources toward scientific, technological, and economic advancement.
IDC's new predictive models will consider how research and development investments are currently justified.
In addition, the models also consider how results are measured in each of the government, academic, and industry market segments IDC has closely tracked for more than two decades.
IDC High Performance Computing research vice president Steve Conway said: "To help keep us grounded throughout this project, we will form an advisory group that includes one or more respected experts from each major HPC market segment."