AiDash launches new climate risk intelligence system
New system allows AiDash to enter new industries – including government, cities or municipalities – with responsibility for mitigation and restoration plans.
SANTA CLARA, Calif. – May 23, 2022 – AiDash, a leading provider of satellite- and AI-powered operations, maintenance, and sustainability platforms, today announced its Climate Risk Intelligence System (CRIS) (formerly Disaster and Disruption Management System or DDMS). CRIS is a satellite- and AI-powered SaaS offering that helps utility and energy companies as well as governments and cities, manage the impact of natural disasters, including storms and wildfires. The new system works in near real-time before, during, and after a major natural disaster or extreme weather event. AiDash’s other products are used for routine operations and maintenance in core industries, while CRIS is for emergency management at scale.
In 2021 alone, the US experienced 15+ weather/climate disaster events with damages exceeding $1 billion. Satellite technology has reached maturity as a viable tool with over 1,000 satellites launched every year, employing various electromagnetic bands, including multispectral bands and synthetic aperture radar (SAR) bands. Combined with carefully prepared AI, this technology now makes it possible to predict damage from extreme events to allow preparation and resource placement, evaluate the damage to understand what restoration is needed and which sites are accessible, and actually help plan the restoration itself. There has been an urgent need for a solution that can predict and prevent damage, and that helps with preparation and restoration so that power delivery is disrupted as little as possible.
CRIS has the power to disrupt the industry with its condition-based and precise disaster management, which promises to save both money and lives. The AI-powered system fuses satellite imagery, real-time weather data, span-level vegetation data, and historic outage and resource usage data for insights before, during, and after a major weather event. It helps organizations forecast the impact of storms and wildfires, predict outages and damage, plan resources and workforce, and even see what sites remain accessible afterward.
For example, before the event, the system will help utilities and cities predict areas where they can expect damage, the likely extent of that damage, how many resources will be required for the event, and how many lives could be impacted. During the event, the system offers ongoing predictions of flooding, damages and accessibility. After the event, precise assessments help utilities and cities plan and perform restoration work, as well as measure and quantify the extent of actual damage using satellite tech and AI. In early deployments, CRIS predicted the severity of storms and their specific impacts with more than 85% accuracy, helping even the most experienced managers respond more quickly and accurately.
“Enough is enough — we cannot let each storm or wildfire that passes through disrupt our lives with days or even weeks of interrupted power delivery,” says Abhishek Singh, co-founder and CEO of AiDash. “With the frequency and severity of extreme storms and wildfires increasing every year, it’s time to be better prepared for — and faster at — response and disaster management. We’re thrilled to launch CRIS and make an impact on not only the industry, but the world.”
Utilities that are already using AiDash Intelligent Vegetation Management System (IVMS) can use CRIS for their storm management programs. While CRIS is a mitigation software, a combined effort between industry and government is needed to improve sustainability metrics so the effects of climate change — and its extreme weather events and natural disasters — are under control.
“This is just macroeconomics,” said the manager of one early deployment. “If you can anticipate an event, then you can prevent a lot of the financial effects of equipment destroyed and people impacted. If you can understand where and when an event will hit you, you can focus your efforts and reduce acres of damage. It’s low-hanging fruit.”
AiDash officially launched CRIS (formerly DDMS) at DISTRIBUTECH 2022 (May 23-25) in Dallas, Texas, where the team will be on the ground at booth #1423. AiDash is an Innovators sponsor of the event and will have multiple speaking opportunities while in attendance. To learn more, please visit www.aidash.com.
About AiDash
AiDash is an AI-first vertical SaaS company on a mission to transform operations, maintenance, and sustainability in industries with geographically distributed assets by using satellites and AI at scale. With access to a continual, near real-time stream of critical data, utilities, energy, mining, and other core industries can make more informed decisions and build optimized long-term plans, all while reducing costs, improving reliability, and achieving sustainability goals. To learn more about how AiDash is helping core industries become more resilient, efficient, and sustainable, visit www.aidash.com.