IBM Unveils AI-Driven Software for Environmental Intelligence, Helping Businesses Address Sustainability Objectives and Climate Risk
Oct. 12, 2021: IBM (NYSE:IBM) today announced a suite of environmental intelligence software that leverages AI to help organizations 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. Companies are facing climate-related damage to their assets, disruptions to supply chains and operations, as well as increasing expectations from consumers and investors to perform as anenvironmental leader. Extreme weather, climate action failure and human-led environmental damage were cited as the top three most likely risks for businesses over the next ten years in the World Economic Forum's "Global Risks Report 2021." Businesses need actionable 28 europeanbusinessmagazine.com
environmental insights to address these challenges, but current methods are often cumbersome and complex – requiring intensive manual labor, climate and data science skills, and computing power. The IBM Environmental Intelligence Suite announced today aims to help companies streamline and automate the management of environmental risks and operationalize underlying processes, including carbon accounting and reduction, to meet environmental goals. The suite leverages existing weather data from IBM, the overall most accurate provider globally, advanced geospatial analytics already in use by companies around the world, 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 organizations to spend less resources curating this complex data, and more on analyzing it for insights and taking action to improve their operations. IBM Environmental Intelligence Suite is a SaaS solution designed to help organizations: • 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 prioritize mitigation and response efforts;
