COVID-19 Recovery Analytics: Using the Power of Data Recap

Every organization and person around the globe has been impacted by the Coronavirus. Companies are looking for new ways to use data and information to plan in their recovery and move their businesses forward successfully in the new environment. Join our virtual lunch ‘n’ learn and hear from leading data experts on key techniques and ways to utilize data to drive your recovery planning to optimize your business.

Watch Chief Analytics Officer Larry Blackburn and Data Analytics Industry Consultant Rob Wellen of Datatelligent.

View video highlights from this webinar below!

Combatting Threats with Advanced Analytics

Rob Wellen


Companies are looking to get a better understanding of their business during this difficult time. Critical questions to ask yourself:

Understand:

What are the threats and opportunities relating to my business and the local market?

Optimize:

How can I optimize my business and better serve my customers?

How can I reduce risk?

Act:

What are the trends for “What if” scenario planning?


Business Recovery Tracking

Rob Wellen


These tools provide business owners with insight on how to make sense of COVID-19 data in relation to their business.

Localized Impact Map

This enables companies to integrate COVID-19 case data with their own business data in order to view their business impact and where their customers are located.

Business Recovery Tracking

Utilizing this model allows for “What if” scenario planning and trends a business against COVID-19 case trends. Track and make decisions against impact on local markets.


Data Visualization: Snowflake+ Power BI+ Tableau

Sam Guererro and Rob Wellen


Now is a great time for organizations to invest in Cloud and data analytics tools. Rob Wellen, addresses tools that businesses can use for data tracking. What platforms are the most beneficial and commonly for entrepreneurs and small business owners?

To find out more about the tools discussed in the video:

Tableau: Data-driven technology allows for improved business intelligence through embedded analytics. An interactive and visual analysis of your company.

Power BI: Data made visual, view insights at scale and take strategic, actionable steps. Make decisions with confidence with one of the largest and fastest growing intelligence clouds.

Snowflake: This software supports a multi-cloud strategy, including a cross-cloud approach. Features available through Snowflake include: data exchange, insights and analytics, data engineering, data warehouse modernization and enabling developers.


Innovation DuPage can help transform your idea into a viable commercial venture. Connect with us on Instagram, LinkedIn, Twitter, Facebook or call 630-942-3340 to explore your next steps. If you are interested in connecting with entrepreneurs like you, check out our public events.

Cinco de Mayo Happy Hour

Join us in our virtual happy hour to meet and network with other founders, business owners and Innovation DuPage staff. We will be using breakout rooms to accommodate a more intimate conversation setting. Join us for an opportunity to win a gift card from, local Glen Ellyn restaurant, A Toda Madre.

Tuesday, May 5th at 4:00 pm

Innovation DuPage can help transform your idea into a viable commercial venture. Connect with us on Instagram, LinkedIn, Twitter, Facebook or call 630-942-3340 to explore your next steps. If you are interested in connecting with entrepreneurs like you, check out our public events.

Stabilize Your Business Foundation in the Downturn Recap

Whether you’re a seasoned entrepreneur or have recently launched an idea, the implications of COVID-19 are forcing business owners to focus on the basics. Learn how to fundamentally structure your processes in order to gain a greater understanding of how to make critical business decisions during the downturn.

Hear from Kim Grotto of Grotto Marketing, Lauren Barron from Fiercely You, Inc., Kim and Art Angel from E2A Partners.

They discuss how to create a stable business foundation by utilizing a combination of strategy, financial best practices, customer personas, pricing, key data collection and marketing strategy.

Stay tuned for more video highlights from this webinar!

Focus on What You Control

Kim Grotto of Grotto Marketing

  • Do not make decisions out of fear, shift your focus to what you can control
  • Having a responsive versus reactive mindset allows for wiser decision making
  • Be mindful of where you invest your time and energy


  • Let Financials Work For You

    Lauren Barron from Fiercely You, Inc.
  • Financial analysis encourages strategic operational planning and decision making
  • Establish a system that encourages financial best practices and recording
  • Let your finances work for you by taking advantage of information they provide
  • Your strategic plans and your financial expectations go hand-in-hand


  • Customer Success vs Business Development

    ID Managing Director Travis Linderman and E2A Partners Kim Angel

  • Ensure that your customers are utilizing your services optimally
  • Direct your focus to current customers which will lead to long-term loyalty and retention
  • Don’t neglect those who already trust you and your product


  • Trending Numbers and What to Do

    Lauren Barron from Fiercely You, Inc.

  • Take a closer look at an income statement, balance sheet, and cash flow comparison with Lauren Barron
  • Ask yourself three important questions: Why are my numbers trending the way they are? How did it happen? What am I going to do about it?
  • Utilize these resources to gain a better view of the trends in your business


  • Intimate Knowledge of Your Customer Profile

    Lauren Barron from Fiercely You, Inc.

  • When determining pricing, analyze who you are serving and what their needs are
  • Pricing decisions are influenced by many internal and external factors
  • Cost of goods sold and cost of services may require obtaining various quotes


  • Building Your Strengths & Consistency

    Kim and Art Angel from E2A Partners.

  • Recognize what you are good at and what is working for your business
  • This is not a time to start from scratch, learn to pivot by identifying adjacent services/products
  • Do not assume customers behaviors based on past experiences
  • Realize who you are to the core and how viewers see you


  • Innovation DuPage can help transform your idea into a viable commercial venture. Connect with us on Instagram, LinkedIn, Twitter, Facebook or call 630-942-3340 to explore your next steps. If you are interested in connecting with entrepreneurs like you, check out our public events.

    The Big IDea

    Tickets for the Frida 2020 Exhibition are selling fast! Available for purchase here .

    The Big IDea

    The key to consistent and sustainable economic development is understanding how startups, innovative brands and vibrant downtowns attract and retain world-class talent and drive healthy growth. My goal, as Managing Director of Innovation DuPage, is to identify new economic development opportunities in the greater DuPage region.

    Innovation DuPage (ID) offers entrepreneurs a roadmap for transforming ideas into viable commercial ventures. There is an intentionality to the process that enables entrepreneurs to efficiently build a startup by searching for product/market fit rather than blindly executing on assumptions. Startup founders receive guidance from vetted mentors while they craft a scalable business model, define their value proposition and collect customer insights; therein enhancing their unfair advantage in the marketplace.

    We are creating a safe environment for entrepreneurs from diverse backgrounds; where uniquely qualified teams are nurtured as their minimum viable projects (MVP) develop into flourishing businesses. ID connects novel thinking to a solid infrastructure of resources available throughout the entrepreneurial ecoverse. Tapping into the power of “we” forges partnerships that strengthen the entire community. Through strategic partnerships with Argonne National Laboratory, Choose DuPage and College of DuPage we are showcasing DuPage County’s economic vitality to the world. These significant differentiators are accelerating regional growth.

    The Kahlo Mystique

    Leadership and investment from College of DuPage (COD) brought the vision of ID to life. COD is now earning national recognition for the 2020 Frida Kahlo exhibit coming to the McAninch Arts Center.

    Frida Kahlo is arguably the most famous female artist of the 20th century, an international feminist icon and a shining symbol of strength and empowerment. In the summer of 2020, an exclusive exhibition of 26 original Frida Kahlo works and 150 digital images showcasing her life will be on loan from the Dolores Olmeda Museum in Mexico. The MAC’s Cleve Carney Art Gallery will transform into an immersive museum experience with a childrens’ area, garden exhibit and historical timeline.

    The reach and gravitational pull of this exhibit cannot be overstated. It is the largest Frida Kahlo collection to grace the Chicago area in the last 40 years. Estimates of the economic impact range from $8 to $13 million.

    When a Billion is Not Enough

    In 2021, the attention of the world –scratch that– the universe, will be fixated on DuPage County as Argonne powers up America’s first Exascale supercomputer. Exascale computing is capable of a billion billion (a quintillion) computations per second. The federal government is investing $5.7 billion into three Department of Energy (DOE) next-generation systems, applications and supporting software; this includes $500 million for Argonne to launch the first system, dubbed Aurora.

    Exascale is critical to advancements in artificial intelligence, cybersecurity, data visualization and machine learning. The US, China, Europe and Japan are currently engaged in a supercomputer race. Aurora will enable the US to advance its position in revolutionary technological development, scientific discovery, innovative healthcare, efficient energy and national security. This is an unrivaled opportunity for economic development. If. We. Plan. For. It.

    From Frida to Exascale

    With the world squarely focused on the DuPage region over the next two years, we have an unparalleled opportunity to create evocative growth in our community. Frida will engage her admirers in a fixed gaze while Aurora draws the eyes of the innovation ecoverse as the Nation’s first Exascale system comes online.

    There is much more to share about Frida and Aurora in the coming months. Just wait until we start discussing Extreme-scale Scientific Software Stacks… I’ll bring the wine, we’ll make an evening of it.

    P. S . If you are an entrepreneur working on a startup and want to connect to the support services of Innovation DuPage, reach out to me at ID@InnovationDuPage.org.

    Until next time remember…

    ___________________________“Genius doesn’t fade just because we stopped watching.”

    Travis Linderman has served as director for three venture incubators prior to his selection as Managing Director of Innovation DuPage. He founded a startup with Princeton University, secured venture capital backing, scaled rapidly and enjoyed a successful IP acquisition. Travis has spearheaded capital campaigns that have raised over $600 million for technology development.

    Innovation DuPage can help transform your idea into a viable commercial venture. Connect with us on Instagram, LinkedIn, Twitter, Facebook or call 630-942-3340 to explore your next steps. If you are interested in connecting with entrepreneurs like you, check out our public events.

    From Aspiration to Achievement: ID Workshop Perfect for Early-stage Startups

    Heintz said, “The process of turning an idea into a scalable business model is like a journey. You need to know where you are, where you are going, and how to get there. This presentation will provide you with a high-level overview of the startup process and a methodology you can use to make progress and achieve results.”

    Mark covered:

    • Steve Blank’s Customer Development Model to provide an overview of what you need to do to transform an idea into a scalable business
    • Planning and strategy processes to help you bring clarity, focus, and results to your startup

    Your Takeaways

    Now you have a simple but effective set of tools to map out your situation, as well as a set of clear and focused goals, objectives, strategies and tactics to take you from aspiration to achievement.

    Learn More About Mark Heintz

    Mark’s background and experience are extensive. He has served as CEO for companies, consultant for clients and instructor for the ID Owner-to-CEO Accelerator program where he has received very high marks. Learn more about Mark and read his article The Power of Why on LinkedIn.

    Innovation DuPage can help transform your idea into a viable commercial venture. Connect with us on Instagram, LinkedIn, Twitter, Facebook or call 630-942-3340 to explore your next steps. If you are interested in connecting with entrepreneurs like you, check out our public events.