According to research, more than 86.5 million individuals will be considered freelancers by 2028. Gig work or freelancing, has become the predominant method to earn a living over the past decade,creating unicorns out of fledgling companies and providing many workers with a financial edge. Recently,two fintechs have decided to aggregate the data into more than just a means to gain additional revenue or funds to repay debts. Exabel, a firm specializing in financial data, and global dataset company Gridwise are joining forces to create the largest data analytics venture for gig mobility.
Known as Gridwise Analytics, the partnership will provide a series of data points that cater to clients who seek to gain knowledge in areas that are typically bypassed such as gig earnings, billable hours,driver availability and other pertinent factors. The company, led by CEOs Ryan Greene and Neil Chapman, provides investor insights using rarely accessible data points known as unit economics,vehicle trends, and fleet efficiency to determine how effective and cost productive it is for goods or people to travel across local or nationwide areas. Recent data shows that Gridwise has tracked more than $2.5 billion in gig economy earnings across multiple offerings. As drilled down financial or user data was typically seen as proprietary information, the venture will bring more focus, open competition, and vast financial opportunities over the coming years.
