Domo Releases Data Explorer Feature on its Interactive COVID-19 Global Tracker

Rhea-AI Summary

Domo (Nasdaq: DOMO) announced significant updates to its Covid-19 Tracker and Data Explorer, providing users with enhanced data insights. The Data Explorer enables filtering by specific regions and exporting metrics, crucial for understanding the pandemic's impact on businesses. Key findings show initial unemployment claims decreased from 6 million to under 2.5 million since late March, while continuing claims have risen to over 25 million. Foot traffic data highlights hardware stores and other essential businesses with gains, contrasting sharply with declines in airport and casual dining foot traffic, which fell over 73% and 60%, respectively.

Positive

• Domo's Data Explorer feature enhances user access to critical data, facilitating better business insights.
• The Covid-19 Tracker provides real-time and comprehensive data allowing businesses to adapt to market changes.
• Increased customer engagement with over 700 customers integrating Domo's Covid-19 data into their operations.

Negative

• Continuing unemployment claims have surged to over 25 million, indicating ongoing economic distress.
• Airport foot traffic plummeted over 73%, reflecting severe impact on the travel industry.
• Foot traffic in casual dining, gyms, and clothing stores remains down by at least 60%, signaling recovery challenges.

SILICON SLOPES, Utah, May 28, 2020 (GLOBE NEWSWIRE) -- Domo (Nasdaq: Domo) announced enhancements and data insights from its Covid-19 Tracker. The Data Explorer feature, which compiles key metrics from AWS Data Exchange, FRED, TSA and other sources, allows users to quickly filter to a specific country or state or day, sort the data and export the metrics behind the interactive visualizations.  Since its update, users can drill down into specific industry data to better understand how the crisis is affecting their business and families in real time.  

With data amassed from FRED, users can more thoroughly research unemployment figures throughout the country while newly added TSA data offers insights into airport activity. 

“The Data Explorer empowers users to really delve into the details of the data and explore on their own.  As a company that is renowned for user-friendly products, it was important that we make the Data Explorer highly intuitive,” said Ben Schein, Domo’s vice president of data curiosity. 

High level industry data recently extracted from the COVID-19 Tracker shows that:

• Initial unemployment claims have trailed off each week since the week of March 29. 
  •  From 6 million claims per week in late March to under 2.5 million in the first weeks of May.
• Continuing unemployment claims continue to rise with the current number over 25 million compared to 3.4 million in early March.
• Hardware stores are leading the country’s small business economy in foot traffic up over 70% compared to a February baseline for the period ending May 22.
• Other businesses seeing consistent gains in foot traffic include drug stores, liquor stores and auto shops.
• Over the last 14 days, foot traffic has increased significantly at clothing stores (+36%) and casual dining (+26%) led largely by increases in the south region.  Both categories remain down almost 60% to pre-COVID levels.

In stark contrast to industries that have evolved with the global health crisis:

• Airport foot traffic is down over 73% as of May 22^nd.
• A number of other categories continue to experience severe declines in foot traffic of at least -60% including Casual Dining, Gyms, Clothing Stores and Movie Theaters.
• Foot traffic in the western region remains down over 20% in aggregate.

Currently, more than 700 Domo customers have connected data from the Domo COVID-19 tracker into their own instances of Domo to help them better understand what’s happening and to navigate this environment relative to their specific operations. For more information on the global COVID-19 tracker, visit here.    

About Domo
Domo is the Business Cloud, empowering organizations of all sizes with BI leverage at cloud scale in record time. With Domo, BI-critical processes that took weeks, months or more can now be done on-the-fly, in minutes or seconds, at unbelievable scale. For more information about how Domo (Nasdaq: DOMO) helps its customers go fast, go big and go bold, visit www.domo.com. You can also follow Domo on Twitter, Facebook and LinkedIn.

Domo, Domo Business Cloud, Domo is the Business Cloud and Domopalooza are registered trademarks of Domo, Inc.

Contact: Domo, Inc.
Media:
PR@domo.com

FAQ

What are the latest updates from Domo regarding the Covid-19 Tracker?

Domo announced enhancements to its Covid-19 Tracker and Data Explorer, allowing users to filter data by region and gain insights into pandemic impacts.

How has unemployment changed according to Domo's latest report?

Initial unemployment claims have decreased from 6 million in late March to under 2.5 million, while continuing claims rose to over 25 million.

Which industries are seeing foot traffic gains according to Domo's updates?

Hardware stores and drug stores show significant increases in foot traffic, while casual dining and airports have seen severe declines.

How many Domo customers are using the Covid-19 data tracker?

Over 700 Domo customers have integrated data from the Covid-19 Tracker into their operations to understand the situation better.