SIBS and ISEG have just established a partnership, within the scope of SIBS Analytics, the SIBS Business Intelligence service, with the aim of analyzing and evaluating the real economic and social impact of the COVID-19 pandemic, based on relevant information on consumer behavior in Portugal since the first case appeared.
Among other collaboration models, it is expected to measure the effects of the measures implemented and to be implemented by the Government for the recovery of the economy, addressing topics such as changes in consumption and investment patterns, digitalization of means of payment, the informality of the national economy. and the use of information technologies by the Portuguese.
With this collaboration, which will be maintained on an ongoing basis, ISEG strengthens its investigation capacity, through data made available by SIBS, aggregated and depersonalized, on electronic and cash payment operations carried out in Portugal in the last few weeks, as well as the historical previous months and years for a comparative and deeper analysis.
In turn, ISEG contributes to this partnership with scientific, analytical and econometric know-how, through the creation of reports and academic articles with the results of the respective investigation on the data provided within the scope of SIBS Analytics.
In the current context of COVID-19, academic articles will be produced on the potential impact and evolution of indicators and economic models that characterize the economy in Portugal, due to the current crisis, as well as the effects of the measures implemented and to be implemented by the Government.
On the other hand, in a broader sense, it is the objective of both entities to define a SIBS-ISEG macroeconomic index, and to contribute to the projection of universal economic indicators and models, such as Gross Domestic Consumption, and to support the projection of economic trends and cycles. .
“SIBS Analytics, an innovative Business Intelligence service, provides access to more than one billion indicators on consumption in Portugal, allowing a 360º view, to support the formulation of concrete and assertive studies, with valid conclusions about this difficult time that we are living and that help companies and the Government to make structural decisions that protect the entire population and the national economy”, underlines Madalena Cascais Tomé, SIBS CEO, adding that “this partnership reinforces SIBS’s position as a partner entity of reference for the data insights area of institutions in Portugal.”
“ISEG, with its recognized analytical and econometric know-how, which it puts at the service of society, is not unaware of the current pandemic context and its repercussions in the country. In order to contribute to a better characterization of the state of the economy and to support more informed decision-making, ISEG partners with SIBS to, with new data, be able to assess the economic and social impact of this crisis”, says Clara Raposo, President from ISEG, who adds: “This partnership will allow ISEG to strengthen its position as a reference entity in the area of economic and business research.”
With this Business Intelligence service, SIBS statistics are available for academic studies or to support the formulation of corporate business decisions.