Remove Internet of Things Remove Metrics Remove Risk Remove Risk Management
article thumbnail

Data Scalability Raises Considerable Risk Management Concerns

Smart Data Collective

The Relationship between Big Data and Risk Management. Big data calls for complex processing, handling, and storage system, which may include elements such as human beings, computers, and the internet. Tips for Improving Risk Management When Handling Big Data. Risk Management Applications for Analyzing Big Data.

article thumbnail

The journey to a mature asset management system

IBM Big Data Hub

Asset management and technological innovation Advancements in technology underpin the need for holistic grid asset management, making the assets in the grid smarter and equipping the workforce with smart tools. Cybersecurity reduces risk exposure for cyberattacks on digitally connected assets.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Streamlining supply chain management: Strategies for the future

IBM Big Data Hub

To mitigate these risks , companies need the resources and technology to develop robust contingency plans. Fewer disruptions : A healthy supply chain mitigates risks and protects against inevitable disruption. A supply chain control tower can connect many sources of data-driven information and improve end-to-end visibility.

article thumbnail

How to Protect Your Small Business from Cyberattacks with Data Analytics

Smart Data Collective

Why Are Small Businesses at Greater Risk. The first and best thing small businesses can do to drastically improve their security is to invest in a secure wireless framework. Once the internet of things becomes mainstream, this will drastically increase the vulnerabilities in every network.

article thumbnail

Six EAM trends pushing the oil and gas industries forward

IBM Big Data Hub

EAM systems can include functions like maintenance management, asset lifecycle management , inventory management and work order management, among others. Access to asset/system simulations can enable more proactive maintenance planning, improved decision-making and better risk management.

article thumbnail

Contingency plan examples: A step-by-step guide to help your business prepare for the unexpected

IBM Big Data Hub

Good contingency plans prioritize the risks an organization faces, delegate responsibility to members of the response teams and increase the likelihood that the company will make a full recovery after a negative event. Make a list of risks and prioritize them according to likelihood and severity.

Risk 40
article thumbnail

Interview with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity

Corinium

For example, P&C insurance strives to understand its customers and households better through data, to provide better customer service and anticipate insurance needs, as well as accurately measure risks. Life insurance needs accurate data on consumer health, age and other metrics of risk. Now, there is a data risk here.

Insurance 150