dClimate, a leader in decentralized climate data solutions, announced its strategic partnership with global IT services giant Tata Consultancy Services (TCS) to leverage its innovative Aegis climate risk assessment platform.
This partnership will revolutionize the way businesses assess and mitigate physical climate risks. By integrating predictive climate risk data from dClimate’s Aegis platform, TCS will enable its clients worldwide with cutting-edge climate risk intelligence, fostering more informed decision-making in an era of increasing environmental uncertainties.
“Through our strategic partnership with TCS, we’re setting a new benchmark in proactive climate risk assessment and management,” said Osho Jha, co-founder and CEO of dClimate. “This collaboration enables the integration of our innovative Aegis data into TCS’s robust product and service offerings, including TCS Intelligent Urban Exchange™ (IUX) for sustainability, a marquis product for AI-driven net-zero tracking, forecasting and decisioning. Via Aegis, we are providing clients with critical, actionable insights that help them anticipate and mitigate climate-related risks effectively. Together, we’re committed to equipping businesses worldwide with the tools they need to build resilience and drive sustainable growth in an increasingly volatile environment.”
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TCS will offer Aegis capabilities as a critical component of its product and services. It will provide comprehensive risk assessments that cover a wide range of perils, including severe weather events and long-term environmental changes. This initiative underscores both companies’ commitment to supporting sustainable development and enhancing organizational adaptability to climate variability.
“We are excited about the unique value proposition this partnership enables for our clients. dClimate’s Aegis climate risk prediction aligns perfectly with IUX and our mission to help organizations navigate the complexities of climate risks and simplify their net zero journeys with comprehensive, advanced AI analytic decisioning capabilities,” said Ashvini Saxena, VP & Head, TCS Digital Software & Solutions.
The partnership also emphasizes the role of innovative technology and data science in advancing climate risk management, leveraging dClimate’s capabilities in high-resolution and hyperlocal data analytics to provide actionable insights into climate vulnerabilities.
With Aegis and IUX, companies can seamlessly integrate quantitative outputs into their insurance strategies and regulatory disclosures and implement effective risk mitigation plans, ensuring they are well-prepared to handle the challenges posed by a rapidly changing climate while driving to net-zero. This proactive approach to climate risk management is crucial for corporations aiming to safeguard their operational continuity and promote sustainable growth in the face of increasing climate variability.
The Aegis platform advances climate risk assessment by leveraging dClimate‘s high-resolution weather data and cutting-edge climate modeling. It helps clients understand their exposure to 14 climate perils, such as wildfires and earthquakes, globally, offering insights into historical and projected event frequencies and precise financial loss estimations.
SOURCE: PRNewswire