- IBM Environmental Intelligence Suite combines weather,
climate, and operational data and environmental performance
management into a single solution
- Helps companies
anticipate and respond
to climate risks, such
as flooding and wildfires, while providing
insights to help improve resiliency and meet
sustainability goals
- Addresses World Economic Forum's Top Three Most Likely Risks
for Businesses over the next decade
ARMONK, N.Y., Oct. 12, 2021 /PRNewswire/ -- 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 an
environmental 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 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 AI, 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;
- Measure and report on environmental initiatives and
operationalize carbon accounting, while reducing the burden of this
reporting on procurement and operations teams.
The suite delivers environmental insights via APIs, dashboards,
maps and alerts that can help companies address both immediate
operational challenges as well as longer term planning and
strategies. For instance, the suite could be used to help retailers
prepare for severe weather-related shipping and inventory
disruptions, or factor environmental risks into future warehouse
locations; energy and utility companies to determine where to trim
vegetation around power lines or which of their critical assets may
soon be at greater risk from wildfires due to climate change. Or
the suite could be used to help supermarkets get a clearer picture
of how refrigeration systems are contributing to their overall
greenhouse gas emissions and prioritize locations for
improvement.
"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," said Kareem Yusuf, Ph.D., General Manager, IBM AI
Applications. "IBM is bringing together the power of AI and
hybrid cloud to provide businesses with environmental intelligence
designed to help them improve environmental performance and
reporting, create more efficient business operations to reduce
resource consumption, and plan for resiliency in the face of
climate disruptions."
Companies around the world are already using many of the core
weather and AI technologies found within IBM's Environmental
Intelligence Suite. For example, IBM environmental data and
geospatial analytics are being used by Brazilian ethanol,
bioelectricity and sugar company BP Bunge Bioenergia to help it
better understand its agricultural sugarcane production and improve
its market intelligence estimates regarding global sugar production
and by agribusiness leader Cajamar to help Spanish farmers aiming
to improve yields and reduce environmental impact via its digital
Plataforma Tierra tool.
The IBM Environmental Intelligence Suite also takes
advantage of AI-driven innovations from IBM Research that make it
easier for climate and data scientists to analyze massive
environmental datasets, and a new climate risk modeling framework
used to generate data on future wildfire and flooding risks.
Additionally, the suite will leverage unique technologies from IBM
Research which apply natural language processing and automation
designed to help companies estimate carbon emissions and identify
opportunities to reduce them across their operations or with
suppliers.
The Environmental Intelligence Suite can be integrated with
IBM's broader software portfolio for additional efficiencies across
business operations – including IBM Maximo Application
Suite to help companies protect and extend the lifecycle of
their critical assets and IBM Supply Chain Intelligence
Suite to help build more sustainable and resilient supply
chains.
Businesses can also tap into the cross-industry expertise of IBM
Global Business Services to help design, implement and
accelerate their environmental business transformation journeys.
These strategies include reimagining operations, supply chains,
emissions management, or ESG and climate risk reporting with the
help of emerging technologies to assist organizations in meeting
their environmental goals.
For more details on IBM Environmental Intelligence Suite,
visit: ibm.biz/environmental-intelligence. To learn more about
how innovations across IBM are helping clients seeking to create a
more sustainable and resilient future, please visit:
ibm.com/sustainability.
###
Media Contact:
Cassy
Lalan
IBM Communications
319-230-2232 (m)
cllalan@us.ibm.com
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