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

IBM Big Data Hub

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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Turning climate risks into business opportunities 

IBM Big Data Hub

Climate change causes extreme weather events across the world that endanger people’s lives and disrupt the businesses on which they depend. In Africa, for example, recurring droughts, floods and cyclones due to climate change might cause crop failures and food insecurity.

Risk 60
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The most valuable AI use cases for business

IBM Big Data Hub

For example, Amazon reminds customers to reorder their most often-purchased products, and shows them related products or suggestions. They can also help businesses predict future events and understand why past events occurred. A flood of applications can be screened, sorted and passed to HR team members with precision.

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The Economy of Things: the next value lever for telcos

IBM Big Data Hub

And what is the role telecommunications service providers play in enabling and scaling the EoT? Register for our LinkedIn Live event on telcos and the Economy of Things The Economy of Things has arrived The EoT is enabled by artificial intelligence, data, IoT and blockchain, bringing liquidity to the IoT.

IoT 51
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CISA issues proposed rules for cyber incident reporting in critical infrastructure

Data Protection Report

For example, government contractors or subcontractors with reporting obligations to the DOD or DOE for cyber incidents, or financial services entities that are already required to report cyber incidents to their primary federal regulator would be considered “covered entities” under the CIRCIA.

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Congress Passes Cyber Incident Reporting for Critical Infrastructure Act of 2022

Data Matters

The reporting requirements will cover multiple sectors of the economy, including chemical industry entities, commercial facilities, communications sector entities, critical manufacturing, dams, financial services entities, food and agriculture sector entities, healthcare entities, information technology, energy, and transportation.