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Tuesday 7 April 2020 10:48 AM

Data for good

I believe advanced data analytics can help to optimise the management of the impact of coronavirus pandemic and hasten the world’s recovery, and my team at R² Data Labs have started building a global alliance of leading companies across commerce, banking, travel, technology and research – called EMER²GENT – to do just that.

Just as collaboration and diversity are essential for virus responders on the front line, so too are they needed to successfully create an alternative lens through which global response efforts and recovery indicators can be detected.

The questions the EMER²GENT alliance is trying to answer are:

Can a broad set of economic, behavioural and sentiment data, be fused together and analysed to provide new insights and practical applications to the global COVID-19 response, as well as the economy and its recovery?
Can we use these models to identify lead indicators signalling economic recovery cycles that global businesses can use to build operating confidence in investment and activities that shorten or limit recessionary impacts?

We already have commitment from data owners, policy-advising partners, secure platform providers, leading analysts and technical resources.

And we’re seeking more partners to join EMER²GENT to work with us on this global programme.

The EMER²GENT alliance asks contributing members to publish challenge statements to the community, and to make appropriate data-sets available that can be used in combination with other contributions, to address these challenges.

Data is shared over secured systems and infrastructure using ISO-approved protocols from our expert technical members, with anonymisation, de-sensitisation and privacy protection services available to all members. At all times, proprietary data remains the property of the originating member.

Data-science resources may be from academic members, contributing members’ own teams, or crowd-sourced resource from our convening partners. EMER²GENT members actively identify, pipeline and publish/signpost relevant open-source data-sets that can be included in challenge analysis.

There will be a new normal that emerges from this crisis, and together we have an extraordinary opportunity to make it a better normal that what went before. Please join us?