What if decision-makers had access to more real-time data? For instance for the analysis of mobility or monetary transactions? This would enable an assessment of how the movement of people through a population can contribute to disease spread. Or the estimates of the effects of an outbreak or epidemic on economic outcomes.

Some of this data is publicly available, while some is held by private institutions where it typically has a commercial value. We can mitigate the fallout of future health emergencies through better use of it and advanced analytics.

The sensitive and sophisticated use of real-time, granular, accurate data from multiple sources and sectors is limited. So much so that that identifying, responding to and recovering from health emergencies will continue to be constrained. The requirements for lifting those constraints is to radically improve our use of data and analytics in that respect.

A report recently published by The Trinity Challenge outlines how COVID-19 has highlighted the pre-existing weaknesses in our data sharing, analytics and learning systems. The Trinity Challenge is a new initiative launched in September that aims to learn from the pandemic and address the issues at hand. Their data catalogue and the Swiss Re Risk Resilience Center are both a step in this direction. They encompass health and non-health records from public and commercial sources.

 

Report of data challenges

The COVID-19 pandemic exposed the fact that we have some way to go towards creating a common standard and principles.  Especially for how data is governed and accessed in a health emergency.

This can be addressed by creating a tighter feedback loop between providers and decision-makers and embedding a new approach to how we value public and commercial data.

If you’re interested in joining the ever-growing field of analytics, fast-tracked learning programs are a great way of doing so. Lantern Institute provides programs in data science and quantitative finance that can help you develop the skills you need to make the transition. Head over to the programs page and find out how you can get started!

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