Womply Partners With Harvard-Based Opportunity Insights Team to Launch First Real-Time Economic Tracker for COVID-19 Impact
Womply, a software and API company serving small businesses and app developers, announced it has partnered with Opportunity Insights, a team of researchers and policy analysts based at Harvard University, to launch the first real-time tracker of COVID-19 economic impact.
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Womply partners with @OppInsights – a team of researchers and policy analysts based at @Harvard – to launch the first real-time tracker of COVID-19 economic impact.
Launched with the support of the Bill & Melinda Gates Foundation and Brown University, the OI Economic Tracker brings together the power of data held by the private sector with the rigor of independent academic analysis. Womply’s data is being used to power insights into the health of small businesses and broader consumer spending trends. The public-private partnership’s goal is to assist policymakers in understanding all dimensions of the current economic downturn and facilitate targeted and effective recovery efforts.
“The OI Economic Tracker will provide government leaders, policymakers, non-profits, and the public with the tools they need to tackle an economic crisis,” says economist Raj Chetty, Director of Opportunity Insights. “Rather than waiting weeks to see where the economy is falling and playing catch-up, the new data assembled in this tool offer the capacity to spot economic problems as they emerge and to consider a more targeted policy response.”
Womply’s software and API solutions are powered by billions of data points, including transaction data for millions of U.S. small businesses. For years, Womply has been tracking economic activity on Main Street and sharing analysis of consumer spending patterns as a public service. Amid the pandemic, Womply’s COVID-19 Data Dashboard has become one of the most widely cited sources of information about the outbreak’s economic impact on American small businesses.
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