The application supports the development and adoption of a monitoring mechanism for the implementation of a RIS3 strategy at a national and/or regional level. As it is defined by the EC for the successful implementation of the RIS3 strategy, planning and actions should be in pursuit of the objectives and priorities set and funding allocation should be effectively planned. The key concepts of SMART specialisation strategies include the following: Should be specific, significant, and stretching. Their results be measurable, meaningful and motivational. They have to be agreed upon, be achievable, acceptable by the society and action-oriented. They have to be realistic, relevant to each region and results-oriented; Finally smart specialisation strategies should focus on a specific time period with tangible results that would be trackable.
In this context, Application 6.1 Monitoring RIS3 aims at providing a web application where users will be able to track and monitor the whole implementation process of their RIS3 strategy.
The potential users of the application are high level executives that are actively participating in the design, implementation and monitoring of Smart Specialisation Strategies in European Regions.
The outputs of this application include interactive dashboards providing information about the current performance of the region for certain time modes. Through the combination of innovative visualisation techniques with comparatives tables that depict changes of different measures across time, users can see the evolution of the overall strategic plan at a glance. This information supports the conduction of a RIS3 Monitoring report in a proposed detailed structured, addressing key issues that RIS3 implementation should impact on. Users can download the RIS3 monitoring report and all the data and visualisations in different formats.
Figure 1 provides the rationale behind this ONLINE S3’s application 6.1. There are seven discrete stages in the "RIS3 Monitoring" application.
Benefits to key actors and stakeholders
One of the main benefits of the application is that users can use the application to formalise monitoring of the RIS3 implementation. All the data are stored in a relational database hence each user can retrieve the information easily at different time intervals.
The performance of the region across time regarding the targets set in the previous step of the strategy (output and result indicators are used at this point).
The budget performance,the stakeholders (users) satisfaction of the RIS3 implementation from the surveys of the beneficiaries and 'end-users' and the balance scorecard as defined in their relative applications.
The following Figure 2 display the key benefits of the application that are considered to greatly support regional actors and stakeholders for the further development of their regions and the successful and cost effective implementation of RIS3.