IBM launches AI service to assist companies with climate change analysis
IBM today launched the Environmental Intelligence Suite, a set of AI-powered software that customers can use to prepare for climate risks that could disrupt operations. By combining AI, weather data, climate risk analytics, and carbon accounting capabilities, the Environmental Intelligence Suite can be used to help organizations assess their impact on the planet while reducing the complexity of regulatory compliance, IBM says.
Companies are facing climate-related damage to their assets, as well as increasing expectations from consumers to perform as environmental leaders. McKinsey predicts that climate change could mean more disruptions in global supply chains, interrupting production and raising costs and prices. At the same time, shoppers are seeking out — and are willing to pay a premium for — environmentally-friendly products, according to recent studies from GreenPrint and others.
The Environmental Intelligence Suite leverages existing weather data from IBM, along with technologies developed by IBM Research. Via APIs, dashboards, maps, and alerts, the platform delivers recommendations aimed at addressing both immediate challenges and long-term planning and strategies. With the platform, climate and data scientists can analyze environmental datasets and use a new climate risk modeling framework to generate data on future wildfire and flooding risks. They can also tap natural language processing and automation features designed to help estimate carbon emissions and identify opportunities for reduction.
The future of business and the environment are deeply intertwined. Not only are companies coping with the effects of extreme weather disruptions on their operations, they’re also being held increasingly accountable by shareholders and regulators for how their operations impact the planet,” IBM’s general manager of AI applications and blockchain Kareem Yusuf said in a statement.
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