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Feb12,2014
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AdvancesinLocationAnalyticsAdvancesinLocationAnalytics
ChallengesinRiskManagement
XtremeGISRiskAnalytics
EsriArcGISOnline
WhatsPossibleToday(Demo)
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ap ono
srup ve
o u onsap on
o
srup ve
o u ons
Telephone (early 20th Century)
Social Networks (early 21st Century)
Cloud Computing (early 21st
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a
s
s
anagemena
s
s
anagemen
Risk mana ement has been defined as the
identification, assessment andrioritization of risks followed
b
coordinated and economical application
of resources to minimize monitor andcontrol the probability
and/or impact of
unfortunate events in other words bein
smart about taking chances.
Douglas Hubbard (2009) Failure in Risk Management, J. Wiley
& Sons.
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a ure
a ure
n
s
anagemenn
s
anagemen
Common Mode Failure
According to Vinay Mistry from the Lloyds exposuremanagement
team ...the degree to which
companies got their fingers burned [after Ike]
was a function of their relative degree of ...
risk and losses using traditional methods (or not at all) is
because thats what everyone else in their
industry is doing.
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a ure
a ure
n
s
anagemenn
s
anagemen
play when re/insurers perform
these assessments due to the vast
losses and modeled
estimates.
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a ure
a ure
n
s
anagemenn
s
anagemen
Risk managers need to deploy
alternative methods and
management methods.
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a ure
n
s
anagemena ure
n
s
anagemen
When com lementar alternative
approaches are presented, they are often
alter the power balance in
.
ideas are initially resisted
Hugh MacLoed (2009) - Ignore Everybody, Penguin Group
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n us ry
se
asesn us ry
se
ases
,
Insurance
Supply Chain / Retail
Energy
Public Safety
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ss
Disruptive Solutions:
GIS
Big Data
Spatial
oc a
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e
xposure
a ae
xposure
a a
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e
xposure
a ae
xposure
a a
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e
xposure
a ae
xposure
a a
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e ec
an
vene ec
an
ven
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e ec
an
vene ec
an
ven
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o e
e
o e
e
venven
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epor ngan
sua za onepor ng
an
sua za on
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cqu re
mageryo
e
vencqu re
mageryo
e
ven
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now
a sa
snow
a s
a
s
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KnowKnow Whatsat
RiskWhats
at
Risk
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Assessthe
DamageAssess
the
Damage
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Assessthe
DamageAssess
the
Damage
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nr c
o a ora enr c
o a ora e
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a a
ec no ogy
ar nersa a
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