RISK AWARENESS WEEK 2019 So many amazing workshops, consider upgrading for a full access pass

New Frontiers of Risk Analysis in Industrial Companies: Benefits and Challenges

A Workshop by Damir Ramazanov
Risk Management and Data Science Professional, ERG Group

Register to watch this content

By submitting you agree to the Terms & Privacy Policy
Watch this content now

About this workshop

Nowadays the quantitative risk analysis approaches in various fields are widely used at different business case stages: geology, engineering, construction and operations. You have probably heard of the QRA, Cost and Schedule Risk Analyzes, Reliability and Availability Modeling, Reliability Centered Maintenance etc., which have shown their value, added at different stages. These methods are aimed at improving the decision quality (DQ).

However, classically these methods give recommendations to decision makers with some delay, and sometimes it even happens that the recommendations are not relevant. Given the reduction in cost of the real-time data extraction, transmission and processing infrastructure, the risk analysis toolset has received a new set of characteristics that significantly improve several stages of DQ.

Within this workshop, speaker will demonstrate theoretical and practical benefits, challenges of machine learning in real-time risk analysis. Speaker also will present the machine learning use case at the refining process allowing in real time to eliminate the HSE risk and increase operational efficiency.

Topics covered by this workshop

Damir Ramazanov

MSc Petroleum Economics, PhD in O&G Operations Research, MBA Big Data & Business Analytics, PMI-RMP, PMI-PMP

Proudly supported by

Want to sponsor this event? Contact Us.

Loading content...

Loading content...