Meteo Protect is pleased to announce that we have been selected as a finalist for the SAP HANA Innovation 2016 Award, one of only three selected for the Digital Innovator category. This is a tremendous honour as there were a record number of entries this year, with this recognizing our achievements in harnessing big data for breakthrough results. Even better, the readers of WeatherandEconomics can participate, and in doing so, help us to win a donation to charity.
Register and vote for Meteo Protect here by end of day April 21st. Public votes contribute 20% toward the final score for each Finalist. After you vote, share your support for Meteo Protect by a Tweet using hastag #HANAStory. Be sure to follow us on Twitter as well: @MeteoProtect_en.
Welcome to weatherandeconomics, Meteo Protect’s newest blog, designed to educate, inform, and enlighten on the latest advancements in weather risk management.
At weatherandeconomics, we know that weather defines your day- the good, the bad and the ugly, and in turn, that there is not an industry or sector that is untouched by the effects of Mother Nature. Here, we explore the intersection of weather and economics, the fascinating manner that a change by just one degree in the temperature, a meter per second in wind speed, or a millimetre acquired in precipitation can reduce or augment earnings, and energy production and consumption.
Meteo Protect utilises the most advanced modern numerical forecasting techniques, data assimilation, interpretation and post-processing model outputs, combined with bespoke financial products that protect companies and institutions when weather conditions adversely impact their business or profits or generate costs.
Here, we put this in layman’s terms, introducing our readers to how profits are affected by the weather, and how to get rid of weather risk and instead focus on operations and boost profits.