Blue Sky Analytics

Happy Diwali from all of us at Blue Sky Analytics! May this festival of lights bring prosperity, success, and happiness to your professional and personal journey. ✨ #happydiwali2023 #festivaloflights

Over the past few years, India's #geospatialsector has experienced a remarkable expansion, opening up new avenues for #innovation and #sustainability. In 2022, the geospatial market in India reached a value of 28,000 crore INR, compared to 23,000 crore INR in 2019. This growth trend indicates the sector's potential to expand further, projected to reach 63,100 crore INR by the end of 2025, with an estimated growth rate of 12.8%. One of the prominent factors to which the growth can be attributed is the initiatives taken by the government of India to promote the adoption of geospatial technologies, such as the National Geospatial Policy, increasing demand for Location-based Services, and the emergence of numerous geospatial startups, fostering innovation and entrepreneurship in the sector. Additionally, the growing prominence of geospatial technology is expected to be further propelled by factors such as the introduction of carbon markets and the increasing need for sustainability-driven solutions. By leveraging the expansion of the geospatial market, India can harness the power of location-based data and technologies to address sustainability challenges. This includes monitoring and managing climate change impacts, optimizing resource allocation, planning sustainable urban development, conserving biodiversity, and supporting disaster management efforts. Learn more about the factors that have collectively positioned India as a global leader in promoting sustainability powered by geospatial technology in our blog “Unlocking India's Path to Sustainability Leadership through Geospatial Technology.” https://lnkd.in/d7cRjngk #GreenIndia #BlueSkyAnalytics

🎤 We are excited to share that our Chief Operating Officer (COO) Chandru Badrinarayanan will be a speaker on the subject of 'Planning for a Better Planet' at the much-awaited summit of "Gatekeepers of Governance," scheduled for November 2-3, 2023, at the Trident Hotel, Bandra Kurla Complex, Mumbai. Chandru will speak on the crucial role of data analytics in driving transparent and efficient governance, a topic of critical importance in today's ever-evolving landscape. 🔍 'Gatekeepers of Governance' is an exceptional platform that brings together leading visionaries and experts to discuss and deliberate on the latest trends, challenges, and opportunities in the realm of governance. 📌 To learn more about the event and to secure your spot, visit: https://lnkd.in/dfDsZkec 🚀 Join us at the forefront of this impactful dialogue as we work towards a future empowered by data-driven governance. See you at #GatekeepersofGovernance #climatetech #climatesolutions #climatefinance #climateinvesting #climaterisk #climategovernance #digitalMRV #governance  

🇮🇳 The recent development of the #IndianCarbonMarket holds immense significance, particularly as India transitions towards a #lowcarboneconomy and strives to achieve #carbonneutrality by 2070. 🌿 A well-functioning #carbonmarket has the potential to incentivise the adoption of low-cost, #sustainable options, attract technology and finance towards green projects, and facilitate the overall transition to a low-carbon economy. 🏭 At present, India is highly dependent on fossil fuels and relies on it for nearly 70% of its energy needs. This is one of the major contributing factors that has made India the world’s third-largest emitter of greenhouse gases.  Anticipating future peaks in #fossilfuelemissions, establishing a well-functioning carbon market becomes a critical catalyst in steering the nation towards cleaner energy sources. 🔗 Check out our new blog “The Rise of the Indian Carbon Market: Paving the Path to a Sustainable Future” where we discuss the Significance of the new ICM: https://lnkd.in/d6hcuDmc #FossilFuels #NetZero #BlueSkyAnalytics

The potential of #AI in driving #climateaction has been gaining momentum. A recent survey conducted by Boston Consulting Group (BCG) sheds light on some key insights. Here's a glimpse into the findings: 📊 87% of respondents stated that advanced analytics and “AI”, is a helpful tool in the fight against climate change today.. However, leaders who were already engaged in the AI space have been experiencing major impediments in employing AI. For instance:  🔎78%reported inadequate access to AI expertise  🔎77% cited limited availability of AI solutions   These findings underline the challenges and opportunities in the AI-climate nexus. Leveraging AI for climate action isn't without its obstacles, but with the right strategies, organisations can make a substantial impact. Companies with a combination of AI expertise, #computational capabilities, #machinelearning knowledge, #dataanalytics skills, and a profound understanding of climate change challenges in this regard are well-positioned to tailor the right solutions. To dive deeper into the Future of Climate Action and how AI can play a pivotal role in saving our planet, check out our new blog: https://lnkd.in/dADcQ7b5 #AI #ClimateAction #AIforClimateAction #BlueSkyAnalytics

🏝️ Climate change disproportionately impacts Small Island Developing States (SIDS) due to their location, size, economy & and infrastructure. Despite contributing to less than 1% of global greenhouse gas (GHG) emissions, SIDS bear the full impact of the climate crisis and are thus often described as being on the “frontlines of climate change.” 🔗 Check out our new blog, “ The Cost of Climate Change: Assessing the Impact on SIDS” where we explore how Climate Intelligence can enhance resilience & secure the future of these countries. https://lnkd.in/dUemf7hF #SIDS #ClimateJustice #ClimateIntelligence #BlueSkyAnalytics

The concept of #ArtificialIntelligence (AI) has been evolving since the 1950s, but recent years have witnessed a remarkable convergence of factors that have propelled it to the forefront of our # sustainable aspirations. The exponential growth in #computing processing power, the advent of the cloud, and the deployment of advanced technologies such as high-resolution cameras, #satellitesystems, sensors, drones, and unmanned aerial vehicles (UAVs), all backed by vast computational space and storage, have created an unprecedented synergy. This potent amalgamation of technological advancements has catalysed a real-time application of #AI technology across various domains, particularly in #climateaction. Specifically, they have collectively enabled #DigitalMRV (Measurement, Reporting, and Verification), a pivotal force in the #sustainability journey. To learn more, read our new blog, “Enhancing Digital MRV with Artificial Intelligence” where we explore the symbiotic relationship between AI and Digital MRV, and uncover the ways in which they are reshaping sustainability efforts. https://lnkd.in/dtuCTKQc #AI #ClimateData #DigitalMRV #ClimateAction #Innovation #BlueSkyAnalytics

As more corporations and countries worldwide pledge to achieve #netzero emissions, the demand for #carboncredits has surged. Carbon credits play a vital role in facilitating #emissionsreductions, and Nature-based Climate Solutions (#NbS) have emerged as a frontrunner in this endeavor. In 2021, nature-based projects accounted for over two-thirds of the transaction value in the #voluntarycarbonmarkets, underscoring the growing prominence of NbS. What makes NbS so compelling are its multifaceted benefits. These include its crucial role in combatting #climatechange, biodiversity preservation, economic advantages, and significant benefits for human well-being. In our latest blog, we delve into these benefits and explore how Nature-based solutions, empowered by #satellitedata and #AI, provide a sustainable and cost-effective approach to addressing environmental challenges while simultaneously delivering social and economic advantages, particularly for countries in the #GlobalSouth. Read our blog to learn more about the incredible potential of Nature-based Climate Solutions: https://lnkd.in/gyjFXBzp  #ClimateAction #CarbonCredits #NatureBasedSolutions #Sustainability #AI #SatelliteData #BlueSkyAnalytics

Investing in companies with strong #environmentalratings has proven to be a rewarding strategy. Recent research analysing the environmental component of #ESG factors and the returns on US equity investments from 2012 to 2020 discovered a compelling trend. A portfolio of stocks in the top third of environmental ratings from the MSCI outperformed a portfolio of stocks in the bottom third of environmental ratings, with a remarkable cumulative return difference of 174%. Steering clear of #environmentalcontroversies also offers numerous other advantages for companies. Incorporating #climateintelligence into #ESGstrategies allows firms to manage #environmentalrisks and opportunities effectively, positioning themselves for long-term success in a transitioning #lowcarboneconomy. Furthermore, companies with strong #ESGratings tend to experience fewer financial or #legalliabilities, cultivate better stakeholder relationships, and enjoy a positive reputation, making it easier to raise capital. Research has demonstrated that these factors contribute to improved financial performance. Discover more about the benefits of Red Flagging Environmental Controversies Using Satellite-Based Technologies in our latest blog.  https://lnkd.in/dsyQ62BC #ESG #EnvironmentalRatings #Investing #ClimateIntelligence #Sustainability #FinancialPerformance

🌲 Forests are often likened to Earth's lungs as they breathe life into our planet by absorbing carbon dioxide and releasing oxygen. However, these invaluable ecosystems are under grave threat, as approximately 12 million hectares of forest are destroyed each year. This #deforestation, coupled with agricultural expansion and other land use changes, accounts for approximately 25% of global #ghgemissions. 🌳 There are still opportunities to reverse these losses and minimise future ones by employing #naturebasedsolutions as it is estimated that nearly two billion hectares of degraded land worldwide, equivalent to the size of South America, provide opportunities for restoration. 🛰️ In this critical juncture, the emergence of #DigitalMRV (Monitoring, Reporting, and Verification) technology represents a groundbreaking advancement in our ability to monitor and manage forests globally. In our new blog, "Preserving our Planet’s Lungs: Forest Conservation with Digital MRV”,  we delve into the critical significance of conserving forests and examine the cutting-edge technologies that enable us to monitor and manage these resources more effectively than before. Click on the link to learn more: https://lnkd.in/dBGi5ddG #ClimateAction #DigitalMRV #NatureBasedSolutions #ForestConservation #BlueSkyAnalytics