Download The Role of IT in Meteorology

Dr. George S. Young
WxRx Option
 What:
• Using Weather and Climate observations and
forecasts to help users make optimal decisions
 How:
• Combines Meteorology, Statistics, and Computer
Science to monetize our Weather and Climate
knowledge
 Why:
• Wx + Quant skills = fun + money
 EVERYTHING!
 Forecasting
• Numerical weather prediction models
• Model ensembles
• Statistical post processing
• Artificial intelligence / machine learning
 Understanding
• Risk assessment
• Planning
• Mitigation
 EVERYTHING!
 Applied
math and statistics
• Numerical weather prediction models
• Statistical post processing
• Artificial intelligence / machine learning
 Finance
• Quantitative decision making
• Insurance / re-insurance
• Weather derivatives
• Commodity trading
 Commodities
(energy, agriculture)
• Forecasting
• Trading
 Insurance
/ re-insurance
• Risk modeling
• Model user support
• Client education
 Planning
• Weather AND climate risk
 Meteo
is valuable only to the extent that
users can make better decisions using
our input
 Even big institutional users need handholding on the meteorology and statistics
 Combine both and your market expands!
Monsanto just bought Climate Corporation (a WxRx
startup) for a cool $1 Billion! They kicked in another $200
Million for the employees – someone values WxRxers
 The
Department offers a WxRx Option for
the Meteo degree
 If you’re part quant and part weather fan,
you can see how its done at:
• ploneprod.met.psu.edu
• – look under undgrad and then options
 Want
to learn even more?
• First take the steps outlined above
• Then, contact Dr. George Young, 620 Walker