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Mitigating the impact of climate change in insurance and other financial services  

IBM Journey to AI blog

As the effects of climate change intensify, extreme weather events are becoming increasingly frequent and severe. The US experienced 25 extreme weather events in 2023, each causing losses of over USD 1 billion, with a total cost of USD 73.8 These climate events have a huge potential impact on financial institutions.

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The AI Revolution in Weather Forecasting: Enhanced Predictive Power Boosts Decision Confidence for Businesses

Dataconomy

Harnessing the potential of Artificial Intelligence (AI) and machine learning technologies, a new generation of startups is unlocking the code of complex weather patterns. Simultaneously, other AI startups are translating these methods to decipher the language of weather patterns. Enterprises such as OpenAI, Zeus AI and Tomorrow.io

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6 climate change adaptation strategies every organization needs today

IBM Journey to AI blog

Extreme weather events not only threaten infrastructure but also obstruct routes, hindering goods transportation and disrupting supply chains even in regions far from the affected area. Understand the impact on the business Prepare for the various ways weather and climate change can impact your business.

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How generative AI will revolutionize supply chain 

IBM Journey to AI blog

AI tools help users address queries and resolve alerts by using supply chain data, and natural language processing helps analysts access inventory, order and shipment data for decision-making. AI-supported what-if modeling helps develop contingency plans such as inventory, supplier or distribution center reallocation.

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Big Data Brings Stunningly Accurate Weather Predictions To Windows

Smart Data Collective

Predictive analytics is changing the future of weather predictions. A 2017 study by Pennsylvania State University addressed the benefits of big data in weather analysis. Mohammad Mahdi Kamani, a doctoral student and professor James Wang said that big data has simplified weather predictions. Yahoo Weather. Accuweather.

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Big Data Offers New Solutions for Disaster Mitigation Planning

Smart Data Collective

These solutions are able to alert network administrators in real time, so corrective action can be taken. Preparing for weather challenges. You have probably heard the old adage “everybody talks about the weather, but nobody does anything about it.” Predictive analytics technology is helpful for both.

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8 Ways Machine Learning Can be Used to Make Cities Smarter

Smart Data Collective

With climate change on the rise, more severe weather events such as drought are becoming more prevalent. Artificial intelligence can help through using monitors and sensors to assess real time occupancy in parking garages – if there happens to be no vacancy, then visitors will be alerted so they won’t have to waste time circling the lot.