New COVID-19 business alliance to provide key data insights in bid to tackle pandemic recovery
- Published: Thursday, 16 April 2020 08:35
A new business alliance has been formed which aims to help find new, faster ways of supporting the response to COVID-19 and subsequent global recovery. The alliance, Emer2gent, will share data and expertise ‘to build economic resilience and innovate for a better tomorrow’.
Emer2gent models will be used to identify lead indicators of economic recovery cycles. Global businesses can then use these indicators to build the confidence they need to make investments or other operational decisions to shorten or limit any recessionary impact from the virus.
All Emer2gent alliance insights will be generated in a privacy-preserving manner and published for free.
Caroline Gorski, Global Director for R2 Data Labs, the Rolls-Royce data innovation catalyst which started the alliance, said: “We want the world economy to get better as soon as possible so people can get back to work. Our data innovation community can help do this and is at its best when it comes together for the common good.”
Emer2gent has set up a website for potential members to register their interest at Emer2gent.org. The first challenges have already been issued to the community, including one to identify lead indicators of economic recovery which businesses can use to build the confidence they need for investment or activities that will shorten or limit any recessionary impact from the virus.
The official launch press release for Emer2gent is below:
Rolls-Royce establishes new COVID-19 data alliance to help kickstart businesses and the economy into recovery
Rolls-Royce has invited a group of leading companies to collaborate with them on Emer2gent, a new alliance of data analytics experts challenged with finding new, faster ways of supporting businesses and governments globally as they recover from the economic impacts of COVID-19.
Early alliance members are Leeds Institute for Data Analytics, IBM, Google Cloud, The Data City, Truata, Rolls-Royce and ODI Leeds. The alliance will be facilitated and co-ordinated by innovation specialists, Whitespace.
Together the initial wave of members brings all the key elements of open innovation; data publication, licensing privacy, security; data analytics capability; and collaborative infrastructure, kicking off its early work and growing its membership. (see editors’ notes for each members’ contribution).
Emer2gent will combine traditional economic, business, travel and retail data sets with behaviour and sentiment data, to provide new insights into – and practical applications to support – the global recovery from COVID-19. This work will be done with a sharp focus on privacy and security, using industry best practices for data sharing and robust governance.
Emer2gent models will help get people and businesses back to work as soon as possible by identifying lead indicators of economic recovery cycles. Businesses small and large around the world, as well as governments, can use these insights to build the confidence they need to take early decisions, such as investments or policies, that could shorten or limit the recessionary impacts from the pandemic.
The alliance is voluntary and insights will be published for free.
Caroline Gorski, Global Director for R2 Data Labs, the Rolls-Royce data innovation catalyst which started the alliance, said: “We want the world economy to get better as soon as possible so people can get back to work. Our data innovation community can help do this and is at its best when it comes together for the common good.
“People, businesses and governments around the world have changed the way they spend, move, communicate and travel because of COVID-19 and we can use that insight, along with other data, to provide the basis for identifying what new insights and trends may emerge that signify the world’s adjustment to a new normal after the pandemic.”
Andrew Brown, General Manager, IBM Cloud & Cognitive Software Europe said, “IBM looks forward to joining our existing partners and valued clients in this initiative. It is hoped IBM’s contribution will help accomplish the identification of proven use cases, to assist where recovery indicators emerge for countries, governments, state agencies and supporting companies to best respond to the next phase of the improvement in the pandemic.”
Professor Mark Birkin, Leeds Institute for Data Analytics, University of Leeds, said: "The COVID crisis has demonstrated the need for governments and their advisers to seek real world insights into mobility, behaviour and human contact networks. At LIDA we believe that there are mutual benefits from access to transactional data for scientific research, business and commerce, so will be working as part of the alliance to facilitate the secure sharing of data and to connect Emer2gent partners with expertise within the academic community."
Felix Marx, CEO at Truata, said: “Here at Truata we had no hesitation in offering our services as part of the Emer2gent alliance to utilise data for societal good. We’re keen to support the efforts in extracting the analytical value out of contributed data sets to assist in the containment of COVID-19 and drive economic recovery - in a way that fully respects the privacy rights of the individuals underlying that data. Truata will do this via its suite of proprietary privacy-enhanced data analytics solutions (including its data anonymization, privacy risk quantification, data de-identification and synthetic data generation solutions), which have been specifically designed to empower high-value analytics on large data sets while complying with the highest global privacy standards.”
“We are living in unprecedented times. And, at this moment of great uncertainty, we must recognise that we all play a role in addressing the global challenge as quickly and efficiently – but also as responsibly - as possible.”
Rajh Das, Manufacturing and Industrial lead, UKI, Google Cloud said: “Google Cloud is proud to be involved in such an important project as we all work together to support business globally during these extraordinary times.”Emer2gent has set up a website for potential members to register their interest at Emer2gent.org. The first challenges have already been issued to the community, including one to identify lead indicators of economic recovery which businesses can use to build the confidence they need for investment or activities that will shorten or limit any recessionary impact from the virus.