Water related catastrophes such as floods are putting more and more people at risk. Moreover this has a large economic impact as well. For example, in 2011 a flood in Bangkok wiped out a large number of harddrive manufacturing plants, leading to a global shortage and increase in price for a two year period. We have a decent grasp on forecasting the weather, especially on the short to medium term (a few days to a week). We have no such grasp for flood forecasting, especially not on the global scale.