Monetize your accuracy

They say, “Time is money!” Actually, time is more than money but still getting proper money compensation for damages due to unkept word(s) seems a fair enough way for justice to take place. So far, there is no way to measure exactly how badly a promise is kept. Therefore, there is no way to claim this or that exact amount of money from the inaccurate side. The more accurate side would never get his/her accuracy dollars.

Now, to the service of our nation come On-Timeliness Monetizers, Business Accuracy Monetizers, and Daily Accuracy Monetizers. They are a kind of electronic arbiters in dealings between any two parties interested in each other’s services. Right now, they are basically in a draft form or in almost-ready software form. Nevertheless, it is well worth for our people to be aware of these new opportunities the future holds for us.

For example, On-Timeliness Monetizer fixes in a proper way the two sides’ time-related promises given to each other in doing something that needs to be done. Later on, when the planned interactions end, the Monetizer registers factual data of how the promises were kept, underkept or not kept at all. All the data created by the sides only. So they are going to be responsible for the steps they have taken and for the money-related consequences of their steps.

It is how the electronic arbiter works. For each side, Monetizer separately puts together (using a certain procedure) what was promised and how it was performed. The computation shows levels of accuracy. For each side, accuracy is measured in numbers. Then the Monetizer compares the first side’s accuracy level with the accuracy level of the second side. The side having higher accuracy level is, of course, the more business-accurate side and he is the winner of the competition for accuracy!

The winner’s advantage in accuracy is easily calculated by deducting from his accuracy level the less accurate’s level. Depending on the size of the advantage and the size of the award fund, Monetizer determines how many accuracy dollars should shift from the less accurate’s pocket to the more accurate’s pocket.

What happened? Being more accurate in time-related interaction has brought accuracy dollars! By the way, from now, those who own nothing but accuracy can do the accuracy business.

I dream of seeing us monetizing accuracy.

Milan Frank Fargo, Ph.D.
Garapan, Saipan