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Norwegian startup 7Analytics has developed AI technology to predict natural disasters like floods and landslides with high accuracy. By training machine learning algorithms on vast amounts of data, the platform can provide detailed insights on how these events will unfold. This technology aims to help businesses and governments prepare and take necessary actions to protect assets and individuals in advance of such disasters.
In addition to predicting natural disasters, 7Analytics has created a specific platform called InzureCloud for insurance companies to assess risks like flood damage to homes. This tool enables insurers to adjust premiums based on accurate risk assessments, potentially benefiting homeowners in high-risk areas. The startup's expansion into the US market, supported by recent funding, highlights the growing demand for advanced risk data in the face of increasing extreme weather events.
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