Climate risks are a major business threat – here’s how AI can help
Oct04
Content provided by IBM and TNW. When Hurricane Harvey struck southeast Texas in 2017, it caused $125 billion in economic damages. A recent assessment of local businesses in the area found that 90% lost revenue in the five figure range due to employee disruptions, lower customer demand, utility outages, and/or supply chain issues. Those that suffered property damage experienced compounded losses with parts of the business being shuttered for weeks and months at a time until repairs could be made. Since 2017 there’s been an average of 17.8 weather/climate disaster events per year in the US alone. In fact, just…
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