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IBM Turns to AI to Predict and Mitigate Climate Risk
The World Economic Forum's Global Risks Report 2021 cited extreme weather, climate action failure, and human-led environmental damage as the top three most likely risks for businesses over the next 10 years.
Credit: Computing (U.K.)
IBM has launched a new AI-based tool to help companies assess and mitigate climate risks and their carbon footprint.
Dubbed the Environmental Intelligence Suite (EIS), the SaaS tool brings together artificial intelligence, IBM weather data, climate risk analytics and carbon accounting capabilities. IBM says companies can use these features to '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.'
Extreme and unseasonal weather is already affecting supply chains worldwide, notably in contributing to the ongoing chip shortage; a lower-than-normal number of storms around Taiwan has caused a water shortage, and freezing weather shut down power in Texas earlier this year.
From Computing (U.K.)
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