Introducing Erode AI
⚡ The Future of Weather Forecasting
Today we are thrilled to officially come out of stealth mode and announce the Erode AI platform! At Erode AI we harness the power of generative AI to supercharge your weather forecasts. For customers in various sectors ranging from agriculture, to energy, to insurance, we have heard that the costs of changing weather patterns combined with inaccurate forecasts are simply too high. Our platform provides easy access to some of the world’s most accurate forecasts for precipitation and wind, including those produced by our own in-house generative models!
Through our team members’ personal experiences, we have had the privilege of seeing the importance of weather forecasting through the eyes of many different stakeholders. Whether performing regulatory flood mapping with government agencies, planning for the irrigation needs of farmers in a changing climate, or assessing the energy generation potential of hydroelectric generating stations, it’s hard to overstate the importance of good data. Lives, livelihoods, and the success of businesses hinge on having the right forecasts.
💻 The Future of Weather is Generative
Traditional forecasting models, relying heavily on physics-based climate simulations, have been the backbone of leading meteorological forecasting centers globally. However, the limitations of these models have become increasingly apparent. As climate change intensifies, the costs of inaccuracies associated with traditional weather models have continued to grow. Over the past two years, generative artificial intelligence has become increasingly mainstream, with tools such as ChatGPT changing the way businesses operate. Erode AI is at the forefront of a new era in weather forecasting, leading a paradigm shift to harness the capabilities of generative artificial intelligence to produce accurate, localized, probabilistic forecasts.
Our platform facilitates easy access to some of the world's most accurate forecasts for precipitation and wind. What sets us apart is our commitment to providing detailed accuracy metrics on an ongoing basis, giving you the confidence to trust our forecasts. With forecast horizons extending up to 10 days, we empower decision-makers with unprecedented insights. Forecasts are integrated with instant risk profiles, to provide a granular understanding of the potential risk to each asset in your portfolio. Users can seamlessly integrate risk profiles with weather forecasts to determine the return period of forecasted events, and implement adaptive risk profiles to account for future climate change.
🌍 How We’re Building Climate Resilience
With our planet increasingly affected by the escalating impacts of climate change, the need for climate resilience has become paramount. Climate resilience encompasses the ability of communities, ecosystems, and systems to anticipate, prepare for, respond to, and recover from the adverse effects of climate-related events. As our planet confronts more frequent and severe extreme weather, fostering resilience is essential. Erode AI is at the forefront of building this resilience by revolutionizing weather forecasting, allowing for better preparedness, responses, and recoveries to extreme weather events.
Here are a few examples of how extreme weather has affected major industries in recent years:
Agriculture - Crop losses due to extreme weather are on the rise. According to the US Department of Agriculture, insured payouts have risen more than 500% since 2001, reaching a record-breaking $19.1B paid to farmers in 2022.
Insurance - Despite the recent attention that wildfire has received, convective storms and floods now make up the majority of insured perils. According to Swiss Re, the first half of 2023 was one of the worst on record for natural catastrophes, with insured losses exceeding $50B.
Energy - The number of grid outages linked to severe weather events in the US has doubled since the early 2000s.
Erode AI is positioned to drive a positive change, providing industries with the precision they need to navigate the challenges of a rapidly evolving climate. Our platform empowers decision-makers within companies to make informed decisions, mitigating risks and fostering resilience in the face of an uncertain future.
📈 Interested in Learning More?
Are you looking to access the best forecasts to make data-driven decisions that save your business time and money?