Innovative Use of Real-Time Payment Data in Post-Disaster Recovery Efforts [Video]

Natural disasters have become more frequent and severe, disrupting communities and daily life.  Phanindra Kalva proposes a groundbreaking approach to disaster recovery by leveraging real-time payment data to improve access to essential services. Using big data analytics, machine learning, and advanced visualization tools, this innovative system enhances operational efficiency, supporting emergency response and community resilience during recovery.

A New Approach to Disaster Recovery

Natural disasters disrupt communities, leaving residents needing timely information on essential services. Traditional recovery methods often fall short. A new system uses real-time payment data to track operational businesses, providing up-to-date information on available services. This approach accelerates recovery and optimizes resource allocation, ensuring faster, more effective support for affected areas.

Harnessing the Power of Transaction Data

This innovation collects and processes real-time transaction data from various financial systems, including credit card networks, mobile payment apps, and point-of-sale systems. By analyzing transaction volumes, anomalies, and geospatial patterns, the system determines which stores are operational, often within …