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

IBM Big Data Hub

Developing a risk management strategy for insurance and other financial services In recent years, financial services firms have realized that they need a decision-making strategy that accounts for the implications of climate change. As a result, pension funds and other stock market investments might suffer adverse effects.

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IBM and Texas A&M AgriLife provide data, technology and expertise to farmers in need

IBM Big Data Hub

With failed crops, low yields for farmers and diminished grazing for cattle, the Texas Department of Agriculture identified climate change as a potential threat to the state’s food supply. ” That’s where digital agriculture comes in. In Texas, 2022 was one of the driest years on record.

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Turning climate risks into business opportunities 

IBM Big Data Hub

To best prepare, organizations need to develop a climate risk strategy. 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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Examples and uses of GIS

IBM Big Data Hub

Agriculture GIS technology makes productive, sustainable farming possible by providing accurate, comprehensive data. A technical-based solution built by the Plan21 Foundation and IBM shows how insights from a variety of sources, including weather and agronomic data, helps farmers better adapt to climate change.

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Sustainability trends: 5 issues to watch in 2024

IBM Big Data Hub

1 In pursuit of net zero, organizations will focus their sustainability efforts on two paths in 2024: Clean energy : The transition from fossil fuels to renewable energy sources is central to sustainability strategies and net zero initiatives, and was a central issue last year at the United Nations’ COP28 climate summit.

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Climate change predictions: Anticipating and adapting to a warming world

IBM Big Data Hub

Parts of Africa will be especially vulnerable, with agricultural yields declining by as much as 50% in some areas. In some cases, the latter can mean rolling back older flood mitigation strategies. Droughts and water scarcity will also impact crop growth, undermining food security.

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The most valuable AI use cases for business

IBM Big Data Hub

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.