Daily experience and surveys alike tell us that emotions greatly influence consumer behavior. Now that in many areas of the world life has come to a standstill in anticipation of the end of the pandemic, it is especially important to gain timely and reliable insights into consumers' emotional states. Cognovi Labs, an alternative data provider, uses artificial intelligence to measure the emotions of a population and evaluate consumer emotions and intentions in the United States. Cognovi Labs data contains insights about how people feel and what they will do next. Today we feature data from Cognovi during COVID-19, focusing on emotions toward a variety of targets, including the general situation, a whole generation of people (Hint: It's Millennials), and various retailers and consumer goods.
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(27 March 2020) The force that is 'global social exclusion' is becoming a fatal event for some businesses that rely on in-person labor force and customers, while for others it is a chance for rapid growth and development of new services lines. As the coronavirus infections curve worldwide has shifted over recent weeks to become still steeper, entire companies have begun switching to remote work operations. Many industries, such as air travel, tourism, and retail are undergoing rapid business model adjustments to soften the impact of the COVID-19 pandemic. Below we share another...
Prosper Insights & Analytics has 18 years of experience producing market leading monthly survey-based research of consumers' overall confidence. In its most recent survey, Prosper asked consumers about their concerns with regard to the coronavirus pandemic and the related cancellation of major events. You can explore Prosper's latest findings in depth below, but we'll give the spoiler: 82% of US consumers expressed one form of concern or another and believe that they will somehow experience direct consequences of the pandemic. Moreover, for the first time in six months there is...
Has travel been affected by the coronavirus, and if so by how much and where? The overall volume of passengers traveling by air affects many of disparate industries - not just airlines but travel sites and aggregators that sell tickets, hotels and car rental companies that rely on airports for a large volume of their business, credit card companies, restaurants and retailers. The list can go on. To try and gauge the impact that a reduction in travel due to the coronavirus might be having on these sectors and more, Advan analyzed foot traffic in key US and international...
(20 May 2020) In recent weeks, drivers have returned to the roads across the United States as states have increasingly relaxed social distancing guidelines. As of the week starting May 11, driving activity measured as the number of miles per commuter topped the pre COVID-19 peak (different for each state) for two US states, and in 14 US states driving activity increased to 80% or more of the pre-COVID driving levels, according to Nexar. It's some of the hardest hit US states, including New York, New Mexico and Nebraska, where driving activity continues to stay relatively...
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