ChAI is pleased to announce the start of a project in co-funding with the European Space Agency (ESA) for the purposes of research and development. This project will initially take the form of a Feasibility Study entitled “Mitigate Commodity Price Volatility with Space Data”.
Alongside shipping data, earth observation data is one of the key alternative data sources that powers the ChAI prediction methodology. This data allows them to identify changes and levels of activity at key areas of interest within the commodities supply chain. From volume analyses of open cast mines to measurements of infra-red heat signatures being omitted by smelters, the ChAI team takes this raw data and refines it into crucial intelligence for their clients to secure better strategic outcomes.
ChAI enables organisations of all sizes to leverage the power of alternative data and artificial intelligence previously inaccessible to many. This is one of the reasons they developed an explainability mechanism for AI models: in order to enable their clients to understand and have confidence in their predictions.
“We have always been driven by a desire to democratise access to alternative data, so we are very excited to be working with ESA as this will allow our customers to get even more value from our predictions,” Marcus Dixon, Co-Founder “We look forward to building a strong and mutually beneficial relationship moving forward.”
ESA Business Applications Feasibility Studies provide the preparatory framework to identify, analyse and define new applications and services within ESA Space Solutions. Following the Feasibility Study, the partnership may further progress to a Demonstration Project, with the final outcome being the implementation of a commercial service.
ESA Space Solutions aims at reaching commercial exploitation of space assets, data and capabilities addressing incubation, proving technical feasibility and business development.