IBM Unveils AI-Based Solution For Companies To Respond To Climate Risks
IBM has announced a suite of environmental intelligence software that leverages AI to help organisations prepare for and respond to weather and climate risks that may disrupt business, more easily assess their own impact on the planet, and reduce the complexity of regulatory compliance and reporting. “Today’s announcement further accelerates our commitment to apply scientific methods to find new solutions for the most pressing challenges that we face as a society. Last year, IBM Research launched a global initiative called the “Future of Climate” to develop and demonstrate innovations focused on addressing climate change by leveraging AI expertise across IBM Research,” said Gargi Dasgupta – Director, IBM Research India and CTO IBM India/South Asia. “To support this initiative, IBM Research – India, which has been at the forefront of advancing AI and its applications, has played a critical role in building the new Carbon Performance Engine and Climate aware applications including forecasting, which are now a part of the overall Environmental Intelligence Suite,” she added. The suite leverages existing weather data from IBM, advanced geospatial analytics already in use by companies worldwide, and new innovations from IBM Research. The offering is the first to bring together artificial intelligence, weather data, climate risk analytics, and carbon accounting capabilities in this way – allowing organisations to spend fewer resources curating this complex data and more on analysing it for insights and taking action to improve their operations. The newly introduced IBM Environmental Intelligence Suite is a SaaS solution designed to help organisations: Monitor for disruptive environmental conditions such as severe weather, wildfires, flooding and air quality, and send alerts when detected;Predict potential impacts of climate change and weather across the business using climate risk analytics;Gain insights into potential operational disruptions and prioritise mitigation and response efforts;Measure and report on environmental initiatives and operationalise carbon accounting while reducing the burden of this reporting on procurement and operations teams. The suite delivers environmental insights via APIs, dashboards, maps and alerts that can help companies address both immediate operational challenges as well as longer-term planning and strategies. The Environmental Intelligence Suite can be integrated with IBM’s broader software portfolio for additional efficiencies across business operations – including IBM Maximo Application Suite to help companies protect and extend the life cycle of their critical assets and IBM Supply Chain Intelligence Suite to help build more sustainable and resilient supply chains.
The offering is the first to bring together artificial intelligence, weather data, climate risk analytics, and carbon accounting capabilities on a single platform.
The offering is the first to bring together AI, weather data, climate risk analytics, and carbon accounting capabilities.
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Kumar Gandharv, PGD in English Journalism (IIMC, Delhi), is setting out on a journey as a tech Journalist at AIM. A keen observer of National and IR-related news.