NEW
YORK, June 27, 2024 /PRNewswire/
-- dClimate, a leader in decentralized climate
data solutions, announced today 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."
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.
TCS Intelligent Urban Exchange™ is an AI-powered decisioning
product that enables responsible, guided climate action and
resource stewardship for enterprises' net-zero journeys.
For more information, please visit dClimate or TCS Intelligent
Urban Exchange™.
About dClimate
dClimate is a decentralized network providing
climate data and infrastructure to accelerate global climate
action. It offers easy access to and sharing of high-quality
climate data and risk models, enabling the creation of resilient
climate solutions. By organizing Earth's climate record on an
immutable ledger, dClimate promotes scalable and transparent
climate tech development.
dClimate's senior leadership team brings decades of experience
in finance, commodities, technology, AI, sustainability, and
project financing. Its Advisory Board features notable figures like
Chainlink co-founder Sergey Nazarov,
investor and entrepreneur Mark
Cuban, two-time NBA Champion D.J.
Mbenga and Ambassador J. Peter
Pham.
About TCS
Tata Consultancy Services is an IT services, consulting and
business solutions organization that has been partnering with many
of the world's largest businesses in their transformation journeys
for over 56 years. Its consulting-led, cognitive powered, portfolio
of business, technology and engineering services and solutions is
delivered through its unique Location Independent Agile™ delivery
model, recognized as a benchmark of excellence in software
development.
A part of the Tata group, India's largest multinational business group,
TCS has over 601,000 of the world's best-trained consultants in 55
countries. The company generated consolidated revenues of US
$29 billion in the fiscal year ended
March 31, 2024, and is listed on the
BSE and the NSE in India. TCS'
proactive stance on climate change and award-winning work with
communities across the world have earned it a place in leading
sustainability indices such as the MSCI Global Sustainability Index
and the FTSE4Good Emerging Index. For more information, visit
www.tcs.com
Contact:
Email: press@dclimate.net | corporate.communications@tcs.com
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SOURCE dClimate