Le Lézard
Classified in: Health, Science and technology, Business, Covid-19 virus
Subjects: PDT, ECO, JVN

AI Platform Exabel Forms Partnership With Alt Data Provider 1010data to Launch COVID-19 Impact Dashboard for Asset Managers


LONDON, April 2, 2020 /PRNewswire/ -- Exabel, the simple-to-use AI platform for active asset managers, has partnered with alternative data provider 1010data to develop a COVID-19 Impact Dashboard, giving both asset managers and the wider public near real-time insight into how the evolving situation is impacting consumers' spending behavior.

The Dashboard can be accessed on https://1010data.exabel.com/covid-19/ and shows spending trends across categories including grocery, air travel and apparel retail, giving live, daily updating answers to the key questions:

The current crisis is putting a huge emphasis on access to robust and timely data for decision making, both in this initial phase and also as the situation develops over the coming weeks and months. 1010data brings to the partnership multiple datasets that monitor US consumer spending and shopping visits on hundreds of private and public companies. The dashboard is powered by Exabel technology, which makes it easy to extract and present critical insights from valuable data.

Exabel fulfils a growing need in financial markets: while use of data ? including fundamental, market, proprietary and alternative data ? is critical for asset managers, modeling such data in house has become a prohibitive burden of time and resources for all but the very largest investment firms. Exabel's SaaS-delivered platform enables discretionary managers to complement their fundamental strategies with more data-driven techniques. It is the missing piece that allows asset managers to benefit from alternative data immediately.

Exabel CEO Neil Chapman commented: "Exabel answers a very clear need for non-technical portfolio managers and analysts to be more data-driven. Our partnership with 1010data on the COVID-19 Impact Dashboard brings immediate value to managers seeking to gain insights from real-time alternative data in current conditions. In the midst of the uncertainty?fear feedback loop we hope that markets will benefit from the ability to quantify how much various sectors are being impacted over time.

"For most active asset managers, keeping up by developing custom-built, in-house AI and data analysis is a huge challenge. Our AI modeling workflow allows asset managers to be in control, freeing up their time, especially beyond the stocks they follow closely. We've got a strong response from asset managers and believe there'll be a lot of interest in the COVID-19 Impact Dashboard, which in essence is a simplified exemplar of the kind of value asset managers can derive from Exabel."

"Evaluating the effect of COVID-19 and its consequences is critical at a time like this for our retail, CPG and financial clients," said Inna Kuznetsova, 1010data Interim CEO.  "Our new dashboard offering created in partnership with Exabel offers an easy-to-access resource for further analysis and adjustments."

The COVID-19 Impact Dashboard can be found on https://1010data.exabel.com/covid-19/ - all charts can be used for content. 

Founded in 2016 and based in Oslo, Exabel recently launched commercially and has a range of European asset management clients.

For more information on Exabel visit: https://www.exabel.com/ 

For more information on 1010data visit: https://www.1010data.com/ 

Media Enquiries

For Exabel:
Kirsty Howe
+44(0)7530391761

Andrew Marshall
+44(0)7808579563
Or email: [email protected]

For 1010data:

Meir Kahtan
+1-917-864-0800
Or email: [email protected] 

 


These press releases may also interest you

at 18:45
The "Agricultural Sprayers - Global Strategic Business Report" has been added to  ResearchAndMarkets.com's offering. The global market for Agricultural Sprayers estimated at US$2.4 Billion in the year 2023, is projected to reach a revised size of...

at 18:00
The "Prepaid Cards - Global Strategic Business Report" has been added to  ResearchAndMarkets.com's offering. The global market for Prepaid Cards estimated at US$2 Trillion in the year 2023, is projected to reach a revised size of US$4.1 Trillion by...

at 17:25
Five years after the transformational Merger with Randgold Resources, Barrick Gold Corporation has been restructured and repurposed as a modern mining business with a constantly replenished, global asset base of peerless quality, managed by a team...

at 17:15
The "Australia Plastic Packaging - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029" report has been added to  ResearchAndMarkets.com's offering. The Australia Plastic Packaging Market size estimated at USD 2.79...

at 17:05
Trinity Capital Inc.  ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth stage companies, today announced an adjustment to the conversion rate of its 6.00% Convertible Notes due 2025 (the "Convertible...

at 16:40
Vista Outdoor Inc. ("Vista Outdoor", "we", "us" or "our") and Czechoslovak Group a.s. ("CSG") announced today that they have voluntarily withdrawn and re-filed their joint voluntary notice to the Committee on Foreign Investment in the United States...



News published on and distributed by: