Reuters reports on how Savills Investment Management, a U.K. real estate manager which oversees €26bn ($29.93bn) in assets and is concerned about flood, fire and other climate-related risks to its properties sought help from London-based data analytics firm Climate X. Savills said the data crunched by Climate X aids its investment decisions and it may now use the firm’s analytics to assess hundreds more properties. Reuters says the U.S. government’s pullback from climate science has fuelled a boom for such private data firms. Revenues for the earth intelligence sector should rise at least 10% to $4.2bn by 2030, market analysis firm Gartner said.
Earth intelligence sector prepares for revenue boost
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