Planette has introduced Joro, a forecasting platform aimed at financial institutions, insurers and data-focused professionals requiring extended weather outlooks.
The company claims that its platform provides complete probability distributions for temperature and precipitation from the fifth to 95th percentile at any location worldwide, addressing the limitations of conventional forecasts.
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Joro offers multiple forecast horizons including weekly outlooks up to six weeks, monthly estimates up to three months and seasonal projections.
It draws on Planette’s method of blending physics-driven climate models with AI, and incorporates atmospheric, oceanic and land signals.
Planette co-founder and chief technology officer Kalai Ramea said: “Traditional forecasts might tell you it will be a high temperature of 80 degrees, but that is just one outcome.
“Our customers need to understand the full range of possibilities, including the likelihood of reaching 95 degrees.
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By GlobalData“That kind of detailed risk data is what drives real trading decisions. Joro gives customers insight into low-probability, high-impact events that traditional forecasts miss entirely.”
As part of the rollout, Planette is updating the data backend across its platforms to aggregate forecasts from several sources.
These sources include the National Oceanic and Atmospheric Administration, European Centre for Medium-Range Weather Forecasts and Planette’s AI-driven models, using performance-weighted algorithms.
Joro is offered through an application programming interface for enterprise use. It joins Planette’s existing products such as Sura for business forecasting and Umi, an El Niño forecast model.
Planette co-founder and CEO Hansi Singh said: “Insurance companies are raising rates, declining renewals and pulling out of entire markets because they can’t predict risk with existing tools.
“Energy grids are failing because they aren’t prepared for how temperature extremes are driving electricity demand.
“With Joro, we are giving professionals a sharper, more complete picture of what is coming in the next weeks and months, so they can act early, plan precisely and continue to serve their customers, even in high-risk zones.”
Earlier this year Planette released Eddy, a public long-range forecasting tool with customisable alerts.
