High frequency data key to better mitigating COVID-19 crisis, researcher says

first_imgEditor’s note: This article is part of a public campaign by the COVID-19 task force to raise people’s awareness about the pandemic.Topics : The COVID-19 pandemic has affected the global economy and financial markets.In Indonesia, the government has made various efforts to curb the spread of COVID-19, including implementing large-scale social restrictions (PSBB), which were first imposed in April. However, the restrictions greatly impacted the economy.According to a research study conducted by the United Nations Industrial Development Organization (UNIDO) between June and July, around 60 percent of small businesses might only survive six months if the pandemic restrictions remain in place.In the study, which involved 147 small businesses, 92 percent of the respondents expected a more than 50 percent year-on-year (yoy) fall in revenue.Haryo Aswicahyono, a researcher at the Centre for Strategic and International Studies (CSIS), said it was indeed a challenge for the government to work on flattening the curve while also stabilizing the economy curve.At times like this, Haryo considered high frequency data or time-series data collected at an extremely fine scale as key to better mitigate the crisis.“High frequency data is very important for evidence-based policy,” said Haryo on Thursday, during a webinar hosted by Tenggara Strategics, a business and investment research and advisory institute.“[During a pandemic], economic activities, variables and behaviors change quite rapidly. So we need high-frequency data or real time indicators to be able to create a good policy to mitigate the crisis,” he explained.Read also: Indonesia works on use of big data for better decision-making processFrom a business point of view, Prasetiya Mulya University School of Business and Economics dean Fathony Rahman mentioned that high frequency data could also be used by entrepreneurs to make predictions and make quick decisions for their business.“You can create possible scenarios based on the data and your understanding of the business,” he said.However, he noticed that only several pieces of data were available for free.Haryo shared a similar view to Fathony, mentioning that high frequency data was not only valuable for policy-making, but also for businesses, particularly start-ups.“If the big data is available free of charge, [maybe because it comes from the government], start-ups then could use the data,” said Haryo, “The bloodline of start-ups is data.”The government is currently working on the use of big data to leverage Indonesia’s digital transformation and push for data-driven decisions.Research and Technology Minister Bambang Brodjonegoro said his office had developed a national strategy for artificial intelligence development that would serve as an example of the use of big data in the public and private sectors.The strategy, which was launched in August, aimed at helping economic development and reducing inequality by focusing on the use of AI for health services, bureaucratic reform, education and research, food security and mobility and smart cities, Bambang said during The Jakarta Post’s Jakpost Up Close webinar on Wednesday. (jes)  #wearmask #usesoap #mothermessage #washyourhand #socialdistance #avoidcrowd #keepyourdistancelast_img read more

Liverpool or Man City? Martin Keown, Jamie Redknapp and Chris Sutton make Premier League title predictions

first_img Who will win the Premier League title? JAMIE REDKNAPPCity are favourites now… but I still think Liverpool will win it. If they do, it will only be by a couple of points.MARTIN KEOWNI have backed Liverpool to win the league all season, but these next few weeks will be their biggest examination so far.CHRIS SUTTONI fancy City. I hope the wheels do not come off Liverpool but there were some worrying signs on Monday. This is going down to the wire… with City to win it on goal difference. Liverpool or Man City? Martin Keown, Jamie Redknapp and Chris Sutton make Premier League title predictions Metro Sport ReporterTuesday 5 Feb 2019 11:35 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link655Shares Advertisement Comment Liverpool and Manchester City look set to battle it out for the Premier League title (Picture: Getty)Martin Keown, Jamie Redknapp and Chris Sutton have revealed who they think will win the Premier League title this season.With 13 games of the 2018-19 campaign remaining, Liverpool boast a three-point lead over defending champions Manchester City at the top of the table.At one stage, Liverpool’s lead was seven points but City have cut into the deficit after the Reds dropped points against Leicester City and West Ham.Pep Guardiola, whose City side amassed over 100 points last season, is trying to win back-to-back Premier League titles.ADVERTISEMENTArsenal hero Keown and former Liverpool star Redknapp believe Guardiola and City will be left disappointed, while Sutton is backing the defending champions to pip the Reds to the post.AdvertisementAdvertisementMore: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City Pep Guardiola to players before Everton: ‘remember who we are’To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 6:57FullscreenPep Guardiola to players before Everton: ‘remember who we are’https://metro.co.uk/video/pep-guardiola-players-everton-remember-are-1856914/This is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Tottenham also have an outside chance of winning the Premier League title, sitting just five points below leaders Liverpool after 25 games.Asked whether Spurs could win the title, Redknapp told the Daily Mail: ‘If City can win it then why not Tottenham? Their hopes hinge on how quickly Harry Kane and Dele Alli return.’Former England defender Keown added: ‘What Tottenham are doing is remarkable. They are still living out of a suitcase at Wembley!‘Spurs will have a huge say in who walks away with the trophy. They still have to go to the Etihad and Anfield.’More: FootballBruno Fernandes responds to Man Utd bust-up rumours with Ole Gunnar SolskjaerNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira moves Jurgen Klopp says Liverpool were not scared by West HamTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 7:09FullscreenJurgen Klopp says Liverpool were not scared by West Hamhttps://metro.co.uk/video/jurgen-klopp-says-liverpool-not-scared-west-ham-1856534/This is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. Advertisementlast_img read more