Planning for weather is about more than packing an umbrella
In 2019, there were 373 catastrophic weather events which caused USD 229 billion in global economic loss.1
70% of businesses worldwide say that abnormal weather disrupts:
- Supply chains
- Financial performance
Almost every weather-related headline in the media or corporate annual reports focused on the associated negative impacts for organizations, including depreciation, lost revenue opportunities, business operations disruption and increased insurance premiums.
To better understand how weather impacts organizations globally and across industries, the IBM Institute for Business Value (IBV) in cooperation with Oxford Economics surveyed 1,000 global C-level executives representing 13 industries and 15 countries and learned that today, decisions about the weather are decisions about business.
99%believe improved weather insights reduce annual operating costs.
See how weather insights can grow your bottom line.
Introducing the IBM Environmental Intelligence Suite
IBM Environmental Intelligence Suite is a suite of applications that allows you to plan for and respond to disruptive weather events to avoid outages and ensure business continuity.
Industries you might not expect are quickly pivoting from “blaming the weather” to capitalizing on it by using the Environmental Intelligence Suite to reduce weather-related disruption. Several, like retail, can even use weather insights to anticipate consumer needs and improve their bottom line.
Industries in the face of the storm
It’s not surprising that 96% of executives surveyed said they incorporate weather data into their organizations’ operational plans — but without analytics to put that data in context, companies can’t ensure weather events won’t affect their business continuity.
To truly ensure asset optimization and supply chain resilience, your company needs more than just weather data — you need advanced analytics and intelligent workflows to reimagine processes and better predict how weather will impact your assets, employees and customers.
93%believe improved weather insights can positively impact annual revenue growth.
Explore weather impacts on these industries—and how IBM can help:
- Agriculture and food
- Energy and utilities
- Travel and transportation