Understanding Flood Risk with GeoSmart’s FloodSmart Analytics
Flood risk is a growing concern for many industries, and making informed decisions based on accurate data is essential.
GeoSmart Information’s innovative tool, FloodSmart Analytics, provides a comprehensive solution to address this need, delivering a detailed view of flood risk across Great Britain.
Paul Drury, Director of Product Development at GeoSmart Information, highlights the platform’s key capabilities:
“FloodSmart Analytics from GeoSmart provides a complete view of flood risk across Great Britain,” Drury explains, emphasizing its role in supporting businesses to make more informed decisions when it comes to flood risk management.
FloodSmart Analytics stands out for its versatility, being utilized across various industries, particularly in banking and insurance. These sectors rely heavily on accurate flood data to support risk management, risk avoidance, and pricing strategies. The tool’s insights help companies not only understand current flood risks but also anticipate future threats in the context of climate change.
Enhancing Decision-Making with Multiple Data Models
One of the core principles behind FloodSmart Analytics is the value of diverse data models in enhancing decision-making. Drury states, “Decisions on risk often come with uncertainty, so even if you already use other sources of flood data, it is wise to consult other opinions when making important decisions.” By combining multiple modelling approaches, businesses can achieve a higher level of confidence in their risk assessments, as different models bring various assumptions to the table. This consensus-driven approach reduces uncertainty, enabling more precise risk evaluation.
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Pioneering Groundwater Flood Risk Analysis
GeoSmart is at the forefront of flood risk innovation, notably in the area of groundwater flood mapping. The company has developed highly detailed maps that offer a clearer picture of groundwater flood risks, a crucial aspect often overlooked by traditional models. This advancement makes FloodSmart Analytics a powerful tool not just for current risk assessment but also for planning under future climate conditions.
“We can support customers who are looking for innovative, and cost-effective ways, to analyse flood risks now, and in the future under climate change,” Drury points out, highlighting the platform’s adaptability and forward-looking approach.
Comprehensive Flood Risk Insights at Property Level
FloodSmart Analytics provides detailed risk insights for every property in Great Britain, available through both an API and an intuitive online dashboard. This flexibility means that users can access data at an individual property level or analyze risks across entire portfolios with ease.
“FloodSmart Analytics contains risk insights for every property in Great Britain and we serve it through API, and through our online dashboard platform, with intuitive visualization of risk,” Drury says, emphasizing the user-friendly nature of the system.
A Smarter Approach to Flooding
GeoSmart Information is committed to helping its clients become more proactive about managing flood risks. With FloodSmart Analytics, they offer not just data, but the tools needed to translate that data into actionable insights. As Drury encourages, “Let’s get smarter about flooding.”
For those interested in seeing the benefits firsthand, GeoSmart is currently offering free trial access to FloodSmart Analytics. Contact GeoSmart today to explore how this innovative solution can transform your approach to flood risk management.
Take the next step with GeoSmart
Flood risk is complex, but with GeoSmart Information’s FloodSmart Analytics, making informed decisions doesn’t have to be. Reach out to GeoSmart now to arrange a free trial and discover how smarter flood data can benefit your business in navigating both present and future risks.
