Expert View – Digital Analytics: An Enabler for Operations Risk Management
By: Paul Manning, Manager, DuPont Sustainable Solutions
While organizations are making progress reducing workplace fatalities and injuries, they, nevertheless, are still occurring. Safety institutions that are reporting clearly show the ongoing rate of incidents including serious injuries and loss of life. Unfortunately, the trends show it is continuing and the rate of change is slow. What can be done to make more progress more quickly? The future is about the insights we can gain, the ability to quickly flex and adapt processes to accommodate business changes, lessons learned and new best practices.
What solutions are there to improve identification and management of operational risks?
A solution can be found through the effective use of emerging technology to achieve improved identification, evaluation and differential management of operational risks. Rapidly developing (and more user friendly) technologies and analysis capabilities can put richer insights into the hands of leaders, enabling them to make more integrated and informed decisions toward managing operations risk.