Rosslyn Data Technologies PLC (LON:RDT), the Big Data technology company, has been earning brownie points by helping its clients manage more efficiently during the coronavirus (COVID-19) lockdown.
The group said that while its own operations have not been adversely affected by the lockdown, a lot of its customers have had to find new ways of doing things, and Rosslyn's technology has assisted in enabling them to do this.
The coronavirus pandemic has also highlighted new risks within the supply chain and Rosslyn said it has been able to assist its clients to better understand where the risks are and enabled them to build increased resilience into their supply chains.
Within two days of lockdown in Europe, Rosslyn developed a COVID-19 dashboard and rolled it out to all its clients. The dashboard provides aggregated incidence data by country sourced from John Hopkins University with each client's own supply chain data and the geographical location of suppliers for each category of a purchased product.
Rosslyn said each client has been able to use this data to analyse COVID-19 impact risk within their own supply chain by geographical location and product type. As lockdown measures are now easing on a country-by-country basis, clients are using this real-time data to restart supply chain operations.
The group has also assisted clients by undertaking an analysis of client data to help identify potential savings. The AIM-listed company cited one company that had identified potential savings in the region of €12mln after crunching the data.
It said it has seen a very sharp increase in levels of engagement with its RAPid platform, with clients scrutinising their activity and what they spend money on and searching for further opportunities within their supply chains.
While all this activity has not provided incremental revenue to the group for the current year, these initiatives strengthen relationships with its clients and underpin the group's confidence in its prospects.
"The speed with which we developed the COVID-19 dashboard illustrates the versatility of our RAPid platform, and the closer engagement with clients has been very satisfying for our staff. Helping our clients build resilience and reduce risk in their supplier choices will have a lasting effect far beyond lockdown," Roger Bullen, the chief executive officer of Rosslyn predicted in Tuesday's update.