A real-time data analytics dashboard on how COVID-19 is impacting industries and markets
The world’s largest economies are scrambling to combat the crisis caused by the COVID-19 pandemic. Which countries have been most effective stopping the virus in its tracks?
The publicly available monitor is a dashboard that allows users to automatically analyse millions of news articles per day, of which >185.000 daily articles are related to COVID-19, and discover the latest trends and economic developments around the pandemic within news articles and other financial data sources (i.e. stock prices). The monitor tracks important themes related to the coronavirus, such as bankruptcies and lays-offs. Moreover, users can deep-dive into the data for insightful exploration to determine impact per country, industry sector, and even individual company.
The release of the dashboard came in response to the enormous increase in demand Owlin received from its clients to track the impact and risks that COVID-19 will pose on investment portfolios, supply chains or the competitive landscape.
The data are part of an alternative dataset, which an increasing number of asset managers, as well as governments and banks are turning to for help to navigate the current crisis. It is outside the traditional realm of credit ratings, balance sheets, or income statements, and can help with what economists call “now-casting” (a contraction of the words now and forecasting); the exploitation of higher frequency data to get an early indicator of performance before official reports are released.
Owlin COVID-19 Impact Monitor is accessible here and utilizes the most recent advancements in Natural Language Processing to provide understanding of unstructured data on the internet.