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

IBM Big Data Hub

According to Berenberg analysts , individual insurance companies faced total claims estimates of up to approximately USD 300 million. For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well.

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Innovative Solutions to Real Business Problems with Big Data from Space

CGI

Innovative Solutions to Real Business Problems with Big Data from Space. 10 Petabytes of free Earth observation (EO) data is generated by the Copernicus Programme every year. The big data produced by EO holds huge potential for the creation of innovative solutions across many different markets. p.butler@cgi.com.

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Turning climate risks into business opportunities 

IBM Big Data Hub

Substantial repair costs might arise, particularly impacting insurance companies. Therefore, the states worked with Mercados EMI , a consultancy firm specializing in the energy sector, to build an AI-based demand forecasting system that uses weather pattern data and electricity demand data.

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The most valuable AI use cases for business

IBM Big Data Hub

By infusing AI into IT operations , companies can harness the considerable power of NLP, big data, and ML models to automate and streamline operational workflows, and monitor event correlation and causality determination. Agricultural machines can engage in autonomous pruning, moving, thinning, seeding and spraying.