Weather intelligence specialist Stormpulse is broadening its umbrella of products with the release of Riskpulse, a risk management platform that gathers, elevates and visualizes external risk data.
The Riskpulse ecosystem of products includes the Pulse application programing interface (API), which is designed to help companies merge data that has been aggregated and interpreted by Riskpulse with their existing systems.
The API offers dozens of layers of environmental, risk and weather data with a real-time risk score for each asset location, and helps businesses locate, quantify and adapt to external risks such as earthquakes, crime and travel alerts.
In addition, companies can customize the Riskpulse platform and include it as part of their service, without having to invest in the development of a mapping and data platform.
"After seven years of focusing on weather, we recognized that there are many other external factors that affect a company’s supply chain and daily operations," Matt Wensing, Stormpulse co-founder and CEO, said in a statement. "We created Riskpulse to help companies struggling with the big data problem of finding meaning in the numbers. By giving them a simple platform to visualize and interpret the world’s most threatening data in relationship to the things they care about, they can make smart decisions and uncover new opportunities."
The Pulse operating system (OS) offers the ability to build a custom application using Riskpulse data, maps, asset and communications APIs. With real-time tracking, businesses can visualize their moving assets in relation to threats in a consumable map format.
Rounding out the package is Cygnus, a turnkey Web application, which integrates maps, assets and environmental data to help companies visualize and respond to external risks. Risk managers and business continuity professionals can use Cygnus to have one view of their organization and real-world data.
The platform is also able to unify and reconcile dozens of data sources, intersect the results with their customers’ assets and quantify potential threats to people, suppliers and facilities with a proprietary risk score.
"Using Stormpulse over the past several years has allowed us to consistently stay a step ahead of catastrophic weather events," Ravi Singhvi, vice president of analytics at Risk Placement Services and a Stormpulse customer, said in a statement. "Stormpulse keeps us focused on our business in the heat of the moment so we are able to make highly rewarding decisions; we anticipate their expanded focus will translate to expanded opportunities for RPI."