It aims to help energy traders, risk managers, data scientists, business analysts who rely on weather-prediction methods
ZE PowerGroup Inc., (ZE) a global leader in end-to-end data management and analytics, and AccuWeather, the most trusted source of weather forecasts and warnings in the world, have announced an expanded partnership aimed at equipping data-driven organizations with weather intelligence. A partnership between ZE and AccuWeather will enable ZE to deliver a wider range of highly customized weather forecasts and other valuable updates to its customers globally. By working together, ZE and AccuWeather will provide clients with an expanded and comprehensive weather-related data reports that enable better decision making.
ZE expects this collaboration to provide its customers with real-time weather-driven business opportunities based on the data available for current and past weather events. Organizations will also have the ability to map historical weather records and compare them to current weather conditions and trends. This can enable them to predict the potential impact of these events on business operations, create revenue projections with greater accuracy, engage in trade, and mitigate risks. The combination of weather forecasts and other market data essentially allows ZE’s clients to plan, protect, and prepare in a better way. It can be the next game-changer for organizations that rely on predictive analytics.
Energy traders, risk managers, data scientists, business analysts as well as other professionals rely on weather-prediction methods to judge the probabilities of weather events and their impact on demand forecasting and hedging. Investors in the gas and power sector also utilize these insights to predict, plan, and initiate new projects.
Derek Smith, the Director of Data Engineering at ZE PowerGroup spoke about the relationship and stated, “Thanks to this expanded partnership with AccuWeather, ZE has been able to create newly designed report offerings that provide unique insights for over 60 variables including temperature, UV index, relative humidity, visibility, precipitation levels, rain probability, hours of sun, snow, rain, and more. The reports will provide an overview of these variables based on current weather conditions, as well as 3-day hourly forecasts and 15-day daily forecasts.”
The new reports made available by ZE and AccuWeather can help businesses by providing easier access to in-depth data and critical weather insights. Introducing these variables into their planning and risk assessment can allow data-oriented organizations to pave the way for improved strategy formulation and grow their revenues.
“We are delighted to partner with ZE Power to bring our award-winning weather data to their dashboards for various business verticals,” said AccuWeather Senior Vice President of Business Development, Paul Lentz.
