One Approach for Cities to Recoup Lost Revenues Due to COVID-19
Saving Our Cities: One Approach to Recouping Lost Revenues
Article
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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Contact:
Kitty Kolding
Chrysalis Partners
303-916-8112
kitty@chrysalis.partners
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Chrysalis Partners Launches Covid-19 Symptom Collector
An early detection tool to spot areas where cases may be spiking
News Release
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.
With this new system, cities, counties, health officials, hospitals, fire and paramedic teams can get an early warning about areas where cases are likely to spike, allowing them to anticipate resource requirements and position services like mobile testing facilities where the need is greatest.
The web-based platform can be used with a mobile phone, tablet or laptop computer and therefore does not require any special equipment or devices, making it easy for anyone, anywhere to use. The tool is capable of capturing latitude/longitude coordinates – with the user’s permission – so that symptom reports can be mapped to granular locations that will assist government and public health officials.
Embedded in the symptom collector is a specialized cough-sounds collection tool, to capture audio from anyone experiencing a cough. This data is being used to “train” a ground-breaking AI tool being rapidly developed to distinguish between the “covid cough” and at least 12 other kinds of coughs, including COPD, asthma, emphysema, bronchitis and lung cancer.
Data experts at Chrysalis Partners (www.Chrysalis.Partners) designed the Symptom Collector in collaboration with AI scientist Dr. Michelle Archuleta who is developing the AI Tool. Dr. Archuleta, who attended the University of New Mexico majoring in Chemical Engineering and applied Mathematics with focus on artificial intelligence and cancer research, also did her post-doctoral training at the Broad Institute of MIT & Harvard where she learned artificial intelligence from world experts. Dr. Archuleta has worked on a variety of projects in artificial intelligence from building temporal convolutional neural networks to predict temporal dynamics in gene regulation, to leading a team funded by DARPA that developed multiscale deep learning models using high resolution imaging data.
Prior to her work with DARPA, she founded an AI-assisted Natural Language Processing company called AIpiphany which simplifies complex doctors notes into plain language to help patients better understand and comply with doctors’ instructions. AIpiphany was funded by NSF in 2017.
"People all over the world are doing their part by staying at home to flatten the curve. While they’re there, everyone can now assist those on the front lines of this pandemic by reporting symptoms", said Kitty Kolding, CEO at Chrysalis Partners. "This invaluable information will help everyone, including our local governments, and most especially the incredibly courageous doctors, nurses, firemen, paramedics, and many others truly risking their lives to help us all."
Governments and public health officials that wish to employ the system are able to log into a private, password-protected portal. The portal allows them to retrieve and access the raw data from their jurisdiction in real-time. They can also view the data on a map that can drill down to block-level granularity, and, get access to a series of dashboards and data exploration tools that model various combinations of symptoms and demographics to help identify possible scenarios, risk scores and outbreak predictions by likely severity.
Users’ data privacy is carefully managed to ensure that their information is secured, encrypted and only used to support the fight against Covid-19.
For more information, please
contact Chrysalis Partners.
About Chrysalis Partners
Chrysalis Partners is a specialty data expression and monetization firm, based in the Denver Tech Center in Colorado. Founded by a group of veterans from data, technology and marketing industries, the firm helps companies and public sector partners of all sizes to unlock every bit of value and revenue possible from their data assets. The firm helps clients to repackage data, productize it, and humanize it and extend its value. Chrysalis also offers formal data appraisals, competitive data marketplace studies, data utilization recommendations, data partnerships, data product development and data repackaging. Through its fast-growing teams of consultants, strategists, data scientists, designers, visualizers, analysts, writers, editors and product experts, Chrysalis spins up customized teams for each client requirement, offering affordable, high impact data opportunity solutions.
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Contact:
Kitty Kolding
Chrysalis Partners
303-916-8112
kitty@chrysalis.partners
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Chrysalis Partners Launches New Smart City Data Directory
News Release
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.
The Smart City Data Directory is a centralized, interactive data catalog capturing in-depth details about more than 50 different types of data from cities and countries around the world. Data collectors can add details about their assets to the directory free of charge, thereby making their data assets available to a growing list of seasoned data buyers searching for this valuable data. And because the system does not contain the data itself, there are no privacy or compliance concerns related to its use.
“As smart city data assets proliferate at an astonishing pace, we’ve identified hundreds of data buyers from across industries who want to acquire, license or rent this data. But efficiently finding details about what data is available – and where – has been much too complicated and time consuming,” said Kitty Kolding, CEO at Chrysalis Partners. “On the other side of the equation, data owners are greatly limited in their ability to monetize their data, since finding and vetting these many buyers is a sizable and a continuous task. Building the Smart City Data Directory and assigning our experienced researchers and analysts to stocking it with listings is our solution to that problem.”
At present the Smart City Data Directory contains hundreds of listings, is projected to reach 1,000 listings by mid-January, and at least 5,000 by the end of 2020. For more information, please
contact Chrysalis Partners.
About Chrysalis Partners
Chrysalis Partners, based in the Denver Tech Center, specializes in humanizing data and data monetization initiatives. Founded by a group of veterans from data, technology and marketing, the firm helps companies across industries to unlock every bit of value, utility and revenue possible from their data assets. Chrysalis also offers competitive data marketplace studies, data monetization and data humanization workshops, and assists with data partnerships and data transactions. Thanks to its fast-growing teams of analysts, researchers, engineers, writers, editors, designers, visualizers, and data product experts, Chrysalis can activate customized teams for each client requirement, offering affordable, high-impact data opportunity solutions.
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Chrysalis Partners Launches DART Services for Smart Cities
Completing the ROI & Value Chain for Smart Cities
News Release
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.
The specialized teams at Chrysalis synthesize the extensive data streams, curating them to ensure that the most important findings are identified. Then, a custom set of materials are developed, including visualized data and analytical narrative, to clearly explain the importance and impact of the findings presented. Materials are delivered in formats that are convenient, easy to consume and highly relevant to the role of each recipient, giving them the specifics and the context they need to make decisions, engage in substantive discussions, and consider possibilities and options for the future.
“It’s hard to imagine a more complex and critical set of datastreams than smart city data. Citizens of every city and every country will soon be served by IoT-enabled hardware, gushing out enormous quantities of data,” said Kitty Kolding, CEO of Chrysalis Partners. “Yet decision makers are overwhelmed with the sheer quantity and complexity of that data. They know the data needs to be rationalized, explained, and put in context. So that’s what we do – help consumers of this data – whether they’re city leaders, local businesses or city residents – understand what it says, why it matters, and what they can and should do about it” said Ms. Kolding.
For smart city vendors and service providers, these new tools also ensure that the power of their offerings is fully understood by their city partners, creating better informed discussions and more opportunities.
“We’re in the business of humanizing data,” said Ms. Kolding. “We can’t think of a more important category that needs it more urgently than smart cities. Helping these markets realize and capture the ROI of these investments is a very exciting opportunity for us.”
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Chrysalis Partners Launches New Global Data Directory
Helping Connect Data Buyers, Sellers and Specialists Around the World
News Release
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.
“Between the five founders at Chrysalis, we’ve worked with thousands of impressive data technology companies, analytics shops, consultants, suppliers, brokers and corporate data buyers,” said Kitty Kolding, CEO at Chrysalis Partners. “We’re always giving clients and partners referrals and making introductions, and we just felt like it made sense to make this a publicly available resource.”
At launch, the company included approximately 1000 companies in the Data Directory, though the number grows daily, both organically and as a result of the Chrysalis team’s direct efforts. Users can enter their own record into the system if they choose to, by going to the Directory Sign Up page on the Chrysalis website. New entries are reviewed before going live. Using and appearing in the Directory is completely free to all.
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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.
Article
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
News Release
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.”
DART focused on something that Chrysalis sees as a main driver to low engagement: humanizing data. “To humanize data is to take it outside a dashboard or even a spreadsheet, and re-package it to speak to specific groups of users,” said Ms. Kolding. “This re-packaging is critical to driving engagement. To us, it means first curating which findings are most relevant – we typically find that non-analytics personnel are vastly overwhelmed by the quantities of data they encounter in these systems. Next we visualize the data in very specific ways, to speak to each group’s perspective and focus. Our writers and analysts then write about the data, and put it in context, explaining What it Says, Why it Matters, What Should be Done About it. And finally we deliver the data in a custom ‘container’ that we design for each group. The container is shorter and more mobile-focused for teams like sales, and longer with a more in-depth focus for groups like Finance or Tech.”
The firm then designs a delivery schedule to push these newly packaged findings to specific groups within the organization, in a channel, format and medium that is carefully selected based on who the users are and how they work.
“We see this as the opposite of ‘If you build it they will come’. We believe that to get non-analytics users to truly engage – especially at first – companies should start with a Push approach, and put aside their idea that existing systems will naturally Pull users in. Human nature doesn’t work that way” said Ms. Kolding.
In most cases, a dramatic improvement in engagement across groups who are engaged using the DART approach takes place in around 90 days. As a result of this new form of immersion, these users begin to proactively seek out more data via the existing dashboards and tools, thereby delivering the originally expected ROI.
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Chrysalis Partners Launches Data Monetization Scoring System
Free toolset to help companies directly and indirectly monetize their data assets
News Release
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.
The system offers two separate scoring components, described in the new Data Monetization Report.
The first examines data value, helping the user quickly create a coherent inventory of data assets, and apply descriptors about the data to establish their relative value.
The second section focuses on data utilization, revealing a wide range of potential uses for data. These can range from internal efforts that drive efficiencies; to supporting sales, marketing, thought leadership and PR efforts; to the creation of entirely new and incremental revenue streams by repackaging and using the data assets differently. System users can log which areas they’re currently exploiting and how well, giving them a clear roadmap for what else they could be doing with their data to drive growth, revenue, insights and efficiency.
“We all know that data is everywhere – it’s both the central nervous system and the connective tissue within every business and across every industry,” said Kitty Kolding, CEO of Chrysalis Partners. “Yet the broader data ecosystem is so massive and is changing so quickly, that understanding the value of owned data assets and consistently taking the steps necessary to maximize their potential has become overwhelmingly complex, as the stakes keep getting higher. We wanted to give business leaders a personalized, empirical way to assess the value of their data, and help them create a set of approaches they should be taking to maximize its utilization”, Kolding explained.
“We help clients get every iota of value and revenue from their data”, Kolding said. “We consistently find that clients don’t have time to focus solely on these models, approaches and opportunities – there is so much to consider and they’re busy with many other priorities. But focusing on this is all we do. This tool was designed to give companies a meaningful framework for charting their course – whether we’re helping them with their journey or not.”
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