FloodWaive’s business concept addresses early warning and real-time risk analysis of heavy rainfall and flood events. FloodWaive has developed a highly innovative algorithm that uses deep learning and transformer models to accelerate flood and inundation forecasting processes (e.g., for flash floods or dam failures) by up to a factor of one million, thereby overcoming the inherent computational time limitations of current flood models. For the first time, this enables comprehensive risk analyses and the evaluation of mitigation measures to be carried out within a very short time, as well as dynamic flood forecasts for entire districts and countries.
