CSC Announces Availability of ClimatEdge™ Risk Reports Derived from Government Big Data Sources
News Release -- June 04, 2012
Repurposed Satellite Data to Help Firms Manage Climate-related Risk, Exposure
FALLS CHURCH, Va., June 4 – CSC (NYSE: CSC) today announced the availability of ClimatEdge™, a “first of its kind” suite of innovative reports that leverages data from NASA, the National Oceanic and Atmospheric Administration (NOAA) and other government sources to help commodity traders, investment managers, financial analysts and infrastructure managers worldwide make better-informed decisions. ClimatEdge applies advanced analytics to research-grade satellite, modeling and Earth observation data to enhance business insights and knowledge needed to manage climate-related risk and exposure.
“These data sets, previously used primarily by a small group of climate research scientists, have tremendous applicability in the finance, agriculture and energy communities,” said Dr. Sharon Hays, vice president of science and engineering, CSC. “ClimatEdge could benefit any private or public organization that has exposure to changes in energy and agricultural commodity prices.”
CSC's expertise in IT services, coupled with its relationship with the Federal Data Centers that collect and archive these important sources of public weather and climate data, provides a unique vantage point that can be leveraged for commercial customers. CSC previously made ClimatEdge available exclusively to users of the Bloomberg Professional® service, but is now also offering it as a subscription to any interested customers.
Commodity traders, investment managers and infrastructure managers frequently rely on short-range weather forecasts to manage risk over a span of one to two weeks. ClimatEdge examines climate and weather events several months into the future, supporting decisions on investments with a 30- to 60-day horizon. By mining “big data” sources of climate and Earth observations, the reports are uncovering unique relationships and creating predictive indices that provide additional insight into market behavior.
Current ClimatEdge monthly reports include:
- Global Agriculture Report: Provides an overview of general weather and climate-related agriculture risks, including insights into areas where a drought, flood or other extreme weather event could impact crops
- Global Energy Report: Provides an overview of the effect that extreme climate and weather events will have on energy demand and production
- Sugar and Soft Commodities Report: Looks at primary growing origins for sugar — and other soft commodities such as cocoa, coffee, dairy and ground nuts — to determine how climate and weather events might affect yields in key regions around the world
- Grain and Oilseeds Report: Examines the effect that climate and weather have on production and yield risks for corn, soybeans, wheat and rice in areas such as North America, South America, Western Europe, China, India and Australia
- Energy/Natural Gas Report: Focuses on the potential impact that extreme climate and weather events will have on the demand for natural gas and, secondarily, for coal, heating oil and crude oil
These reports are available by subscription through www.csc.com/ClimatEdge or by contacting ClimatEdge@csc.com. Future elements of the evolving ClimatEdge suite of products and services may include reports for additional financial sectors, new indices and data streaming for advanced users.
CSC is a global leader in providing technology-enabled business solutions and services. Headquartered in Falls Church, Va., CSC has approximately 98,000 employees and reported revenue of $15.9 billion for the 12 months ended March 30, 2012. For more information, visit the company’s website at www.csc.com.