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Thursday, October 03, 2013

Monsanto Bets a $ Billion on Big Data Analytics

In Computerworld:    The connections to micro weather forecasting and insurance are particularly interesting.  This is another example of the large investments underway in analytics:

" ... IDG News Service - Agribusiness giant Monsanto is paying $930 million to acquire the Climate Corporation, maker of a software platform that crunches weather-related data in order to help farmers more effectively grow crops.

"Everyone benefits when farmers are able to produce more with fewer resources," Monsanto CEO Hugh Grant said in a statement released Wednesday.

Founded in 2006, the Climate Corporation has built a platform that pulls together "hyper-local weather monitoring, agronomic data modeling, and high-resolution weather simulations," according to a statement.

The goal is to give farm operators the information they need to choose the right insurance coverage to protect their profits against the advent of bad weather. The Climate Corporation itself offers specialized insurance policies   .... .  " 

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