![]() ![]() ![]() As such, we’re seeing all manner of climate-tech startups enter the fray, even companies that weren’t initially focused on climate at all. And Hurricane Ida alone reportedly caused at least $50 billion in damages, depending on which figures we’re to believe. Recent data from reinsurance company Swiss Re suggests that extreme global weather events cost insurers $101 billion last year, apparently only the third time since 1970 this figure has surpassed $100 billion. “This information can be used to inform them whether their staff will be able to use the parking lot, or to reroute supply trucks. “Our product takes a real-time StormGeo weather forecast - for example, the risk of rainfall tomorrow - and translates it into actionable risk info, such as their site is at risk of x-inches of flooding tomorrow,” Toland explained. In short, 7Analytics is helping StormGeo “enhance” its existing offering to its oil and gas customers, which includes companies in Houston, Texas. To help, 7Analytics’ has partnered with StormGeo, a weather service and meteorological company that essentially tailors risk data for specific business use cases - such as disaster management in ship-routing, or energy production sites. While its technology is mainly used by construction companies in Norway for now, 7Analytics is expanding into new areas such as energy infrastructure, and is currently in talks with a handful of energy companies in the U.S. While it’s possible to achieve this already today through combining multiple software programs and manual calculations, FloodCube brings everything together under one roof. So in effect, FloodCube is more about predicting how a flood will unfold, showing exactly where water is likely to accumulate based on various environmental factors. With its first product, FloodCube, 7Analytics serves customers with AI and advanced machine learning techniques to calculate current surface water and where it’s flowing today (the “runoff”), then models how that will look in the future with increased rainfall. One of these companies is 7Analytics, a Norwegian startup founded back in 2020 by a team of data scientists and geologists to reduce the risks of flooding for construction and energy infrastructure companies. And while there are varying opinions on what - if anything - we can do to avert such catastrophes in the future, some companies are looking at ways to plan for this new reality, and at least go some way toward mitigating the impact of flooding. and Europe, to Africa, Australia and Asia, where India and Pakistan have been hit by some of their worst floods in recent memory.īy pretty much all accounts, such climate change-driven disasters are only going to get worse. Anyone who has followed global news events of late will have noticed the devastating floods that have engulfed pretty much every corner of the world, from the U.S. ![]()
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