Many UK businesses impacted by weather are done so as the people do not think about the weather on a regular basis. This however can have a devastating effect on homes and businesses in locations affected.
Flooding, for example, is the most common widespread natural disaster in the UK. It accounts for almost 10% of major disruptions. You might be surprised to know that the average cost of a flood damage is 4 times more than a fire damage at a massive £28000.
Commercial properties can take months to get back up to speed, reducing their overall output and hurting their bottom lines. We analyse historic weather data as well as current location trends to make forecasts to show which businesses are the most at risk for being negatively affected by a natural disaster.
The feeds from the Met Office data points crossed with Business location data helps align events and predicts possibilities of areas that maybe affected in the future. The analysis gives a holistic views of patterns and also shows companies that maybe part of your supply chain and impact you indirectly. The need to have sight of this analysis in any Business Risk Management process is vital.
With using DataEco’s insight you can keep onto of arising situations and always have a plan B at hand.
Make sure you are prepared!
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