Latest news with #BFS
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Business Standard
2 days ago
- Climate
- Business Standard
Local institutions need empowerment to fully harness Bharat Forecast system
With enhanced predictions of floods, heatwaves, and cyclones, state governments and emergency services will be in a position to act swiftly to mitigate damage Business Standard Editorial Comment Mumbai Listen to This Article At a time when climate change has upended historical weather patterns and increased the frequency of extreme weather events, India's proactive stride in modernising its meteorological capabilities remains critical. The Ministry of Earth Sciences' recent launch of the Bharat Forecast System (BFS) is a welcome step in this direction. Capable of predicting weather at a granular 6-kilometre grid resolution, the BFS harnesses more powerful supercomputing facilities and is a significant improvement over current weather-forecast models, which generate predictions over gridded squares of 12 km sides or an area as big as 144 sq km. Additionally, instead of breaking the globe
Time of India
4 days ago
- Business
- Time of India
Can better weather forecasts help cool inflation? India is betting on it
Can better weather forecasts help cool inflation? India is betting on it Rajesh Sharma May 30, 2025, 17:39 IST IST A high-resolution weather model and supercomputing muscle are helping India decode the most unpredictable force driving its economy — the monsoon In a country where a failed forecast can mean failed crops, and heavy rains in the wrong place can upend lives, getting the weather right isn't just a matter of convenience — it's a matter of national importance. India has now taken a major step in this direction with the launch of the Bharat Forecasting System ( BFS ), the world's most detailed global weather model.
Yahoo
6 days ago
- Business
- Yahoo
Bibby Financial Services appoints strategic IT director
UK-based financier Bibby Financial Services (BFS) has appointed Daniel Johnson as its new strategic IT director. The announcement is part of BFS's growth strategy to bolster its support for small and medium-sized enterprises (SMEs) by integrating advanced technology solutions. Johnson brings more than 14 years of experience in banking, fintech, insurance, and consulting to his new role. Before joining BFS, Johnson was the founder and director of Future Workforce, a consultancy focused on AI, process automation, low-code, and data analytics. In addition, he has held senior IT and automation roles at Accenture, Close Brothers, and The Co-operative Banking Group. The news comes after last month's appointment of Mark Holloway as BFS' newest chief information and technology officer. During the same month, the company also appointed Niels Gooch as head of sales for its Bibby Foreign Exchange (BFX) division to expand support for UK SMEs engaged in international trade. Johnson said: 'BFS plays a vital role in supporting SMEs around the world, providing solutions to help customers grow and thrive in domestic and international markets. 'Furthermore, as a family-owned business, its values-based culture appealed to me. I'm delighted to join at such an exciting time and look forward to working with colleagues to build on the solid technology foundations we have in place to drive better outcomes for SMEs and our teams in 2025 and beyond.' Holloway commented: 'I am delighted to welcome Daniel at such an important time in our growth. Having recently joined BFS, I have been immensely impressed with the energy and dedication of our teams in supporting SME customers, and one another.' BFS is a family-owned international SME financier and supports over 8,500 businesses worldwide. Established in 1982, the company offers trade, asset, working capital finance, and foreign exchange solutions to help businesses grow in domestic and international markets. Part of the Bibby Line Group, BFS employs more than 1,000 people across Europe and Asia. "Bibby Financial Services appoints strategic IT director" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Bibby Financial Services appoints strategic IT director
UK-based financier Bibby Financial Services (BFS) has appointed Daniel Johnson as its new strategic IT director. The announcement is part of BFS's growth strategy to bolster its support for small and medium-sized enterprises (SMEs) by integrating advanced technology solutions. Johnson brings more than 14 years of experience in banking, fintech, insurance, and consulting to his new role. Before joining BFS, Johnson was the founder and director of Future Workforce, a consultancy focused on AI, process automation, low-code, and data analytics. In addition, he has held senior IT and automation roles at Accenture, Close Brothers, and The Co-operative Banking Group. The news comes after last month's appointment of Mark Holloway as BFS' newest chief information and technology officer. During the same month, the company also appointed Niels Gooch as head of sales for its Bibby Foreign Exchange (BFX) division to expand support for UK SMEs engaged in international trade. Johnson said: 'BFS plays a vital role in supporting SMEs around the world, providing solutions to help customers grow and thrive in domestic and international markets. 'Furthermore, as a family-owned business, its values-based culture appealed to me. I'm delighted to join at such an exciting time and look forward to working with colleagues to build on the solid technology foundations we have in place to drive better outcomes for SMEs and our teams in 2025 and beyond.' Holloway commented: 'I am delighted to welcome Daniel at such an important time in our growth. Having recently joined BFS, I have been immensely impressed with the energy and dedication of our teams in supporting SME customers, and one another.' BFS is a family-owned international SME financier and supports over 8,500 businesses worldwide. Established in 1982, the company offers trade, asset, working capital finance, and foreign exchange solutions to help businesses grow in domestic and international markets. Part of the Bibby Line Group, BFS employs more than 1,000 people across Europe and Asia. "Bibby Financial Services appoints strategic IT director" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Mint
6 days ago
- Climate
- Mint
India gets new weather model — what's different, how it will improve monsoon forecast, and benefit farmers, explained.
India this week launched a new weather model with significantly boosted forecasting capabilities that can predict weather for smaller geographic areas more acurately and in a localised manner. The indigenous weather forecasting system, developed by the Indian Institute of Tropical Meteorology (IITM), the Bharat Forecasting System (BFS) is debuting this monsoon season, reports said. The new model is called Bharat Forecast System. According to Union Earth Sciences Minister Jitendra Singh, the new system places India among the global leaders in weather prediction, PTI reported. The ministry has spent close to ₹90 crore on a new supercomputer to power the platform. The plan is to double the size of India's weather radar network in two years to feed the model with additional data, it said. The new supercomputer Arka, was installed at the IITM campus last year with a capacity of 11.77 petaflops and storage capacity of 33 petabytes. What does this mean? What are the benefits? The new system can forecast at a resolution of around 6 km, double the previous capability and highest in the world— which means it can zoom in on smaller regions and give localised reports for better rainfall prediction and flood preparation. More localised predictions will also help farmers make informed decisions ahead of weather events. The earlier resolution is 12 km. Mrutyunjay Mohapatra, director general of the India Meteorological Department (IMD) told reporters the new system "will focus on all weather parameters, with rain being the key". A more localised and accurate weather model will also aid in public safety announcements and arrangements. Why did India need homegrown weather model? Usually, the EU's Integrated Forecast System and the US' Global Forecast System are considered "gold standard", Bloomberg noted. Many countries, including India use their data to extrapolate for own regions. Notably, these global forecast models have resolution between 9 km and 14 km, according to a PTI report. Further, predicting rainfall in the tropics is much harder compared to areas further away from the equator. This is because the smaller weather patterns that drive precipitation in the tropics are harder to discern. The new platform uses a grid structure to divide the globe into triangles and make predictions for areas as big as a cluster of villages. M Ravichandran, Secretary, Ministry of Earth Sciences noted, 'The tropical region is a chaotic region for weather. The change in weather patterns is unpredictable and higher resolution models are required to capture the spatial changes. Earlier, we used to issue one forecast for four villages. The BFS will enable us to issue separate forecasts for each of the four villages.' Minister Jitendra Singh added knowing the precise location and time of heavy rainfall can improve processes before and after a disaster — saving lives and money. Farmers can also better time their planting activities with more detailed forecasts, raising crop yields. Singh added that the BFS would boost monsoon tracking, aviation, cyclone monitoring and disaster management, agriculture, waterways, defence, and flood forecasting, and also support key ministries. (With inputs from Bloomberg and PTI)
