Crisis Dashboard: Big Data Helps Paint the Big Picture (Update)
Our crisis dashboard includes signals from three areas: 1) public health, 2) the consumer sector and 3) financial markets. By pulling big data from traditional sources (earnings growth and gross domestic product, for example) and nontraditional sources (like Google Trends and Glassdoor), we can create a better mosaic of the road back. Public health, of course, is the key: until there’s a vaccine, the cascading impact of the virus may continue.
The dashboard color codes (red, yellow or green) indicate the current state of each signal, while the arrows indicate the trend (improving, deteriorating or unchanged). Since our last update, we’ve seen improvement in the public health battle against COVID-19 and in our travel-and-leisure indicator, but there’s still a long road ahead. We note upticks in a few other areas, but not enough to change the current indicators.
We’ll continue to update this data as we move forward.
Globally, the number of coronavirus cases continues to rise—it’s currently at about 3.2 million. Cases are still rising in some part of the world (Brazil, for instance), but the increase is decelerating. Europe and Asia are seeing improvement. The R0, which tracks the average number of cases spread by one person, is currently near 1.0 globally and is declining. Case estimates from Johns Hopkins University are slowing.