Jo Bates’ work on the Big Data driven financial markets being developed in response to climate change has been published by The Conversation and New Statesman . Read more below. Big agriculture, big data, big weather. Chemophilia The recent news story regarding Monsanto’s US$930million acquisition of the ‘Big Data’ science company, Climate Corporation, raises important questions about the economies developing in response to climate change. A new generation of data analytics firms are emerging, using innovations in the field of data science in order to turn vast datasets (‘Big Data’) into exploitable information. As the Financial Times reported , Monsanto’s purchase of Climate Corporation signals the ‘first significant acquisition’ of this emerging ‘Big Data’ industry. Climate Corporations’ key offering is a product called ‘Total Weather Insurance’ (TWI), which it currently sells directly to farmers in the USA. TWI pays out based solely upon obse...
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