Media roundup

It’s been a busy week for Timetric in the media.

It started with The Lady used some of our data on malnutrition, sourced by us from the ONS and first published on Byline.

Deaths from Malnutrition, ONS, E & W from Timetric

Following on from that, Mumsnet got in on the act, using our inflation data to track the price of fruit;

Average retail prices of selected items, UK from Timetric

However, most of the week’s action has been around misleading data on youth unemployment. Simon Briscoe obtained the data from the ONS, and as well as appearing on our site, it’s now cropped up in the Sunday Times and CityAM in print and hit the front page of the Guardian‘s website yesterday (February 14th).

UK Youth and the Labour Market from Timetric

Finally, this morning, the Guardian picked up Simon‘s post on Byline on the misleading nature of official inflation figures:

CPI and RPI, selected headline indices, UK from Timetric

From today’s Guardian: Official statistics hide true increase in cost of living:

But Simon Briscoe, from the economic data company Timetric, said: “There is a fear that the real rate of inflation, as felt by consumers, is above the published number and that the conditions are in place for a loss of public confidence in this most important of statistics.”

If you’re after graphs for your website, check out our help for journalists and have a look at Timetric Chartroom — statistical content packages for your website.

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Inflation Stats, powered by Timetric Chartroom

On Friday, we introduced Timetric Chartroom — automated statistics sections for websites.

Here’s an example of what Timetric Chartroom can do: inflationstats.com, a dedicated site for the latest UK inflation statistics. Inflation Stats breaks down all the RPI and CPI components, so you can see with a couple of clicks just which products or services are driving changes in the rate of inflation.

Here’s an example. As of right now, fuel prices are increasing by around 13% year-on-year, and fuel’s about 4% of the CPI basket (which, in total, is up 3.7% year-on-year at time of writing):

Because Inflation Stats is focussed around a single, easy-to-grasp subject, it’s really fast for anyone to find the graph they’re looking for. (Here’s the help page — have a look for yourself.). And because it’s built on the Timetric API and shares data with timetric.com, it’s always up to date with the latest statistics.

We think the future of statistical reporting is sites like these. Why should the data live in a database only your journalists can see, particularly if it’s public? Make it public and let your readers grab and share the graphs too. Using Chartroom, we can have similar sites built into your website within days or weeks, on almost any statistical subject. Get in touch now to learn more.

(And if you’d like to help build sites and services like these, we’re hiring, and we’d love to hear from you too.)

Posted in api, business, chartroom, inflation statistics, inflationstats.com, publishing | Leave a comment

Timetric Chartroom and Timetric Benchmark – and TISEE 2011, the cloud, and doing what you’re good at

For all the talk about “gross national happiness“, studies keep showing that one of the biggest determining factors in how good you feel about the world is whether you get to do something you feel you’re good at. People like doing things they do well, and they find it easier to get started and to keep going.

The same thing’s true, more or less, for products and businesses. They get called “core competencies” or the like, but that’s what it means; businesses succeed when they concentrate on the things they do uniquely well. Apple design great end-to-end user experiences, Gen Re prices the likelihood of really unlikely events (and insures insurers against them), Tesco know exactly what store to put where and how best to stock it. Each of the businesses does that one thing, the key point where it ultimately creates value, tremendously well, and the more it focusses on that one thing, the better it tends to do.

As I type, I’m sitting in the back of a plane heading back to Heathrow from Sofia. I was at TISEE 2011, where I took part in a panel about cloud services. “Cloud”‘s a bit of jargon which often means whatever you want it to, but I threw out this quote and one of the other panelists (Sean Park of Anthemis) promptly tweeted it:


“everything that can be turned into a service will be” @covert #Tiseeless than a minute ago via Twitter for iPhone

Video here – fast forward to about 44:50. (I go off on one for about two solid minutes.)

That’s what the cloud trend is really about, I think. Every business does something really well, and a lot of the time, they can turn that skill into a platform other people can build on. Amazon’s AWS and Marketplace — Amazon being a rare example of a business which is exceptional in a few fields — come out of two areas they had to excel in to make their core bookshop business work; running a heck of a lot of servers and doing online storefronts. They’ve essentially turned themselves into a group of businesses where each part of the group is supplied by another: the infrastructure team supply the wholesome team with reliable computing, storage and bandwidth, the storefront team supply the book selling operation with the software needed to let people buy the books, and the bookseller operation get to focus on stock, pricing, marketing and customer support. Everybody gets to do the thing they’re good at, so everyone’s happy.

That’s what the whole cloud thing means to me. Getting to focus on what you’re good at.

At Timetric, we’re good at aggregating, organising, and building great visualisation and developer tools around statistics, and we’re good at understanding how data from different sources fits together. You’re good at understanding and explaining what these statistics mean to your readers or to your business. You deserve to get to focus on that: you shouldn’t have to be expert in navigating government websites or building data aggregation systems or crafting interactive graphs which look great and work in every browser. That’s our job.

Thanks to our platform, we can do our job, and by that, help you focus on yours. For journalists and the media, we have Timetric Chartroom: up-to-date, interactive statistics pages for your website on almost any topic you can think of. It’s the best and latest data, automatically updated and ready for your readers in easy-to-use charts. For data-rich businesses, Timetric Benchmark: we work with you to mine your underexploited databases and server logs for the trends which really affect your business, we contextualize it with public and proprietary data from our (extensive) library, and we help you securely share it with your colleagues and trusted partners or monetize it through services for the wider world.

This is the promise of the cloud: building great businesses and products by getting the best people and services involved, whether they’re inside your company or not. We all succeed and we all get happy. We’re looking forward to working with you.

Posted in api, benchmark, business, chartroom, conferences, data as a service, monetizing your data, publishing | Leave a comment

Timetric charts, in your site — now working on iPhone and iPad

We may have been quiet at Timetric, but we haven’t been idle. We’ve got a series of changes and new features coming to you over the next few weeks, built on the infrastructure work we’ve been doing over the last two months. Here’s one of the first (and most exciting) — embeddable graphs which genuinely work everywhere.

Up until now, to view Timetric graphs in blogs like this one and on news sites, you’ve had to have Flash installed. Most desktop computers do, and some phones as well (including Toby‘s Nexus One), but the iPhone and iPad in particular don’t support it.

Well, if the plugin won’t come to the tablet…

Thanks to Dan, this now works. (Excuse the slightly iffy photo: I plead iPhone 3.)

You can see plenty of these in action over on Byline, our economics blog, but if you want to get your own, here’s how.

When you click the “embed” button to share a graph on Timetric, a dialogue pops up:

Above the box with the embed code in, you’ll see “New!” in red. Click “switch” on the end of that line, and you’ll see the new embed code – use that one and your graph will work on the latest shiny tablets as well as in every browser back to IE6.

We’ll be making this the default way of embedding graphs soon, so try it out and let us know if it works for you. If it doesn’t, leave a comment or get in touch.

By the way: if you’re a data geek or a designer/UX specialist who likes graphs, or you know someone is, we’re hiring. Get in touch soon – we’re looking forward to hearing from you!

Posted in about us, benchmark, embeds, flash, graphs, news, plotting | 2 Comments

Ignite NewsFoo: The Back of an Envelope

Hi, Andrew here.

I’m currently in Phoenix, Arizona at News Foo Camp, a conference about the future of journalism. It’s been utterly fantastic, and I’ll be writing more about it soon. If the people here are at all representative, journalism has a fantastic future.

This evening, I was one of the participants in Ignite NewsFoo, a series of five-minute talks. Mine was about approximation, nuclear weapons, and the size of the newspaper industry. Enrico Fermi is a hero of mine: he made the best approximations in history. (Physicists call approximations in the Fermi style Fermi problems — his were so good we started naming them after him). The most famous was at the Trinity test; he managed to get the size of the first nuclear explosion roughly right by measuring how far it blew a few torn-up bits of paper.

Enrico Fermi was badass. I wanted to show how his techniques can help you do anything from working out how many piano tuners there are in Chicago to understanding the challenges facing newspapers’ business models.

Here’s how it went. I’ll post the video once it’s available!

Posted in about us, business, conferences, news | Leave a comment