CPC G06Q 40/06 (2013.01) [G01W 1/06 (2013.01); G06F 16/29 (2019.01); G06Q 50/06 (2013.01); G01W 2203/00 (2013.01)] | 30 Claims |
1. A method, the method comprising:
providing a data distribution system in communication with one or more weather data source systems via at least one network, the one or more weather data source systems configured to generate one or more weather data streams;
receiving, by the data distribution system, via at least one user device, a weather index request comprising at least one instrument and a specific geographic location;
selecting, by the data distribution system, a predetermined algorithm among a set of predetermined algorithms corresponding to the at least one instrument in the weather index request, the selected predetermined algorithm comprising a degree day (DD) methodology specific to the at least one instrument;
extracting, by the data distribution system, weather risk indication data among the one or more weather data streams associated with the specific geographic location based on the selected predetermined algorithm corresponding to the at least one instrument;
converting, by the data distribution system, the extracted weather risk indication data into a set of weather index values corresponding to the specific geographic location, based on the selected predetermined algorithm corresponding to the at least one instrument, the selected predetermined algorithm configured to maximize a correlation between the set of weather index values and a consumption value represented by the at least one instrument;
generating, by the data distribution system, a weather index presentation package comprising the set of weather index values for distribution to the at least one user device; and
updating, by the data distribution system, the weather index presentation package concurrent with changes to the weather risk indication data.
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