Uncontrolled weather and controlled weather risks

Weather is changing and will continue to constantly, it cannot be stopped and there is nothing to do about it. Weather activities happening in the past few years speak for themselves: tornado in the southeast of the United States at winter time, unusual droughts, and exceptional outbreaks of extremely cold arctic weather in the northern part of the country.

Such weather phenomena as prolonged drought in California or heavy rainfalls that struck the southeast of Texas 6 months ago can turn into a real disaster for both the population and the economics of many states. It is worth mentioning that fluctuations in expected weather conditions represent growing risks for financial well-being of enterprises conducting business in various spheres of economics and these weather changes violate revenue flow potentionally. It goes without saying that these companies are interested in decreasing of the risks.

There is no way to affect weather, but nowadays there exist technologies (Big data, IoT), methods of data collection and data analysis and other new solutions that allow to diminish weather risks for different business scales, from large companies to individual farmers.