Lantana, FL, July 19, 2017 --(PR.com
)-- Increased expenses and/or decreased revenue associated with adverse weather can no longer be considered an unfortunate cost of doing business. Increasing weather extremes associated with climate change are the new norm and weather-sensitive businesses are certain to face increasing weather risk.
With Weather Risk Mapping, you combine any weather-sensitive business metric with a customized weather index to quantify your unique weather risk over the daily-to-weekly time range. This innovative service anticipates your business metric under all weather conditions, allowing you to proactively boost profits and mitigate losses.
Weather Risk Mapping provides a complete assessment of operational daily-to-weekly weather risk for a wide range of businesses and enterprises. This process begins with quantifying a business-specific weather risk using an innovative "mapping" algorithm which associates your historical business metrics (revenue, expense, etc.) with the historical weather, uniquely defined by your business location(s) and operational specifics. The associative mapping allows routine projection of your business metrics (i.e., your weather risk) using state-of-the-art ensemble weather forecasts.
In the assessment phase, your business metrics are pre-filtered to reduce the effects of fluctuations unrelated to the weather. Additionally, your business-specific weather may be highly customized, including localization, regionalization, and even integration along transportation routes.
The analysis approach is intuitive, flexible, statistically rigorous, and cost-effective. The weather risk monitoring and forecasting phases are presented probabilistically, due both to the metric and weather variability within the "mapped" business/weather associations. Results, updated daily and available on the web, are presented both graphically and in spreadsheet format to enable you to develop and hone your risk mitigation strategies. Visit weatherriskmapping.com for a complete description of our service.
Weather Risk Mapping’s vision is to promote resilience to adverse weather by quantifying weather risk in a standardized form to facilitate both preemptive mitigation efforts and risk transfer options.