One Approach for Cities to Recoup Lost Revenues Due to COVID-19
Saving Our Cities: One Approach to Recouping Lost Revenues
By Kitty Kolding, CEO of Chrysalis Partners, for Meeting of the Minds on April 5, 2020
We’re all struggling to stay oriented given the dizzying, dramatic changes that Covid-19 has injected into every facet of our daily life. For many cities and counties, stay-at-home orders have created an alarming shortfall in one of their key revenue sources: sales tax.
But there are other incremental revenue opportunities that cities can explore, and now may be the time to do so. One possibility for cities to seriously consider is monetizing their vast stores and numerous types of data. And this isn’t only for huge cities; municipalities of all sizes possess data that can be monetized.
When talking about monetizing city data, we’re taking a very wide perspective. First, it’s important to note that we’re not limiting this idea to new kinds of data being generated from tech-focused or smart city projects. Instead we’re talking about the extensive legacy data that most cities have been gathering for many, many years, in addition to any newer data streams that are becoming available thanks to new technological innovations. In other words, a city does not have to be a smart-city powerhouse to have monetizable data assets.
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Chrysalis Partners Launches Covid-19 Symptom Collector
An early detection tool to spot areas where cases may be spiking
Greenwood Village CO, April 3, 2020
Chrysalis Partners, leaders in creating value and utility from data, announced the launch of its new Covid-19 Symptom Collector. The tool allows individuals to report their symptoms in real-time, from the safety of their own homes, while avoiding unnecessary visits to overburdened hospitals and testing facilities. This early detection system allows local government to clearly see what was previously a significant blind spot: residents staying at home that may have the virus and may soon require testing and care.
The data submitted by the public is made available to government and health officials within seconds of submission, so that new potential virus hotspots can be identified and monitored in near real-time. An interactive map is being completed to allow authorized users to view the data in a geospatial presentation and zoom into their respective jurisdictions.
Chrysalis Partners Launches New Smart City Data Directory
Centennial CO, November 21, 2019
Chrysalis Partners, experts in humanizing data and data monetization services, announced the launch of its new Smart City Data Directory. The searchable system houses extensive details on available data assets related to smart city initiatives from all over the world, creating a powerful toolset for data buyers and an efficient marketplace for data sellers.
As cities around the world implement smart technologies, an enormous number of sophisticated, rich data assets are produced. Yet the diverse and fragmented nature of the projects means there is no centralized location to search and inspect the available data, making the task of monetizing this data far more difficult than it should be for both buyers and sellers.
Chrysalis Partners Launches DART Services for Smart Cities
Completing the ROI & Value Chain for Smart Cities
Centennial CO, April 25, 2019
Chrysalis Partners, leaders in data expression, monetization, utilization, and valuation, announced the launch of its new Data Articulation (“DART”) Services for Smart Cities, to ensure that all stakeholders are receiving coherent insights and updates on smart city initiatives.
As cities across the country get “smart”, they also get inundated with unprecedented quantities and varieties of data, streaming in from tens of thousands of sensors and dozens of new systems and devices, all of which have never been available before. And while each system delivers analytics via sophisticated dashboards, city stakeholders frequently don’t have time to delve into these tools to get the information they need, when they need it, in a format they can use to serve their purposes.
DART for Smart Cities solves that problem.
Chrysalis Partners Launches New Global Data Directory
Helping Connect Data Buyers, Sellers and Specialists Around the World
Centennial CO, April 15, 2019
Chrysalis Partners, leaders in data expression, monetization, utilization, and valuation, announced the launch of its new Data Directory, designed to create a global resource of specialists and suppliers.
As the already enormous data industry grows larger and more fragmented with each passing day, it is increasingly difficult for companies and individuals to find the right partners and suppliers for their data initiatives. And since Chrysalis Partners had been assembling a database of partners for its own purposes, the company decided in early 2019 to make this free resource available to any visitors to its corporate site.
How to create a data-driven culture – and why it matters
After talking to Kitty Kolding, CEO of Chrysalis Partners, it’s obvious that the companies that really respect the data stand to derive the most value from it.
By Krishna Cheriath, Contributor, CIO, March 26, 2019
CIOs, CDOs and CAOs across industries wrestle with establishing a data driven culture and maximizing the value from data while managing the risk. In a recent Harvard Business Review article, Randy Bean and Thomas Davenport reported alarming findings from the NewVantage Partners’ 2019 Big Data and AI Executive Survey of about 64 C-level technology and business executives. They reported that:
- 72% of survey participants report that they have yet to forge a data culture
- 69% report that they have not created a data-driven organization
- 53% state that they are not yet treating data as a business asset
- 52% admit that they are not competing on data and analytics
Clearly leading corporations are struggling to become data-driven. In a wide-ranging interview with Kitty Kolding, CEO of Chrysalis Partners, a thought leader and a bold innovator in data monetization, appraisal and articulation, I explored how companies can...
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Chrysalis Partners Launches Data Articulation Services
Helping Companies Solve the “Last Mile” problem in Analytics
Centennial CO, March 18, 2019
Chrysalis Partners, leaders in data expression, monetization, utilization, and valuation, announced the launch of its new Data Articulation Services (commonly called “DART”) to solve the corporate problem of low engagement with analytics tools.
After observing numerous companies and interviewing data and technology executives, Chrysalis developed an innovative and unique methodology to engage users across the enterprise, with the stated goal of re-capturing the intended ROI of analytics systems.
“The companies where DART can be of help are those that have already spent extensive time and real money implementing powerful, sophisticated analytics tools and BI platforms to drive their business,” said Kitty Kolding, CEO of Chrysalis Partners. “Yet in a majority of cases, employee-wide usage of these valuable systems is far too low. We set out to find a way to improve that situation, to help these companies truly realize the ROI they should be getting on the time and money they’ve already spent on their analytics tools.”
Chrysalis Partners Launches Data Monetization Scoring System
Free toolset to help companies directly and indirectly monetize their data assets
Centennial CO, December 13, 2018
Chrysalis Partners, leaders in data monetization, utilization, and valuation, announced the launch of its new Data Monetization Scoring System for companies across more than a dozen industries. The free toolset is designed to help companies assess the inherent value of their existing data assets and obtain a utilization score which measures how effectively those data assets are being put to work.
Companies everywhere possess enormous and increasing quantities of data. As new data types and uses for them proliferate, these datasets offer companies new opportunities to monetize and obtain extensive strategic value from them. Yet precisely because the market is growing and changing so quickly, CDOs, CMOs, CROs, business leaders, founders and CEOs are frequently frustrated trying to capture all that potential value, while continuing to drive their business forward with their primary operations.