Spatial finance: the integration of geospatial data and analysis into financial research

Catastrophic climate events such as droughts, wildfire, and floods have significant economic impact. Earth observation and remote sensing combined with machine learning and cloud computing have the potential to transform the availability and quality of information accessible by the financial system. This information will allow stakeholders to better analyze and be informed on climate-related risks. Join us at this session to learn how the Bank of Canada is conducting a joint proof of concept project with Google Cloud and Climate Engine, to explore the potentials of using earth observation data for the research on better understanding the impact of drought on the Canadian economy.