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Importance of Risk alert services in Business Continuity Planning

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• Vishal Bargat- Sr. Vice President & Head-INDIA BU
• Rahul Dev. Swarnkar– Operations Lead

Published in: Leadership & Management
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Importance of Risk alert services in Business Continuity Planning

  1. 1. Importance of Risk alert services in Business Continuity Planning • Vishal Bargat- Sr. Vice President & Head-INDIA BU • Rahul Dev. Swarnkar– Operations Lead
  2. 2. About CyberTech Systems & Software Ltd • A Leading provider of next-generation geospatial, infrastructure, enterprise applications and Risk Alert services • CMMi Level 3 and ISO 9001: 2008 Certified company • Global Risk Monitoring Center operating 24 x 7 catering to SAPAC Region
  3. 3. • A Risk Alert provides relevant, timely, comprehensive and accurate information about all hazards incidents which might have an adverse impact on the asset location, business operations, employee and travel safety of an organization • A Risk Alert is the first step of BCP life cycle What is Risk Alert ?
  4. 4. Importance of Risk Alerts in Business Continuity Planning Risk Alerts helps organization in its BCP by safeguarding its employees Risk Alert exposes all types of potential threats to an organization, how to handle and be prepared for them Risk Alert covers all relevant incidences along with its impact analysis for an organization, filtering uneventful news Risk Alerts provide lead time to plan and react during any emergency situation's
  5. 5. Timely Accurate Comprehensive, All Hazards Relevant Attributes of Risk Alerts
  6. 6. formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio formation Information Information Information Information Information Information Information Information Information Information Information Informatio Importance of Relevant Information
  7. 7. Obtaining Relevant Information Man + Machine Combination Primary Analyst Secondary Analyst
  8. 8. Personalization of Location Settings & Alerts
  9. 9. Comprehensive Risk Alerts Aviation Geophysical Hazmat Fire Infrastructure Labour Meteorological Security Structural Terrorism Transportation Advisory
  10. 10. Proactive Risk Management Begins with the “Right” Information Develop Plans to Mitigate Risk  Create a detailed strategy for minimizing the impact  Different strategies are often necessary to accommodate the nature of the risk Be Informed of Disruption  What happened  When did it occur  Where did it occur  Analyze / After Action Reports  Relevant, timely and accurate information Identify the Sources of Potential Disruption  Active Shooter  Natural Disasters  Severe localized weather  Infrastructure failure – power outages  Labor actions – protests Assess the Impact of Disruption  Life & Safety  Financial implications  Duty of Care  Environmental  Business viability  Brand image and reputation Proactive vs. Reactive
  11. 11. Automation of Alert Generation
  12. 12. Consumption of Risk Alerts – Map
  13. 13. Consumption of Risk Alerts – Email
  14. 14. Consumption of Risk Alerts – Mobile Your Asset Location
  15. 15. Alert Life Cycle Generation Updation Closure Alerts
  16. 16. Risk Alert Services usage in GPS-Assisted Mobile Tracking App • Mobile App leveraging smartphone GPS technology should be able to consume Risk Alerts to provide on-the-go situational awareness to Key People of organization on their mobile app • Improve your ability to monitor, analyze, report, and respond to threats by equipping your Travelers, Expats, Executives and VIPs with mobile app • Personal proximity position-based perimeter alerting – warnings • Geo-fencing alarms An intelligent mobile app should be able to make better decisions and should have the ability to two-way communicate in critical times utilizing Risk Alerts
  17. 17. Risk Alert Services usage in Tracking Employee Travel Employee safety during travel should be ensured utilizing Risk Alerts by delivering Actionable intelligence and analysis to the right people at the right time. • Each and every PNR should be tractable and ensure Employee safety of an organization • It should be a web based offering • It should give a clear picture of what all challenges one can expect while travel to a contrary based on Risk intelligence available. • Pre-trip advisories for travellers and managers consuming Risk Alerts.
  18. 18. Risk Alert Usages during Vardah Cyclone - 2016 An idea Risk Alert System should have provided Advisory about arrival of Vardah Cyclone on 7th Dec, minimizing losses
  19. 19. Vardah Cyclone not only impacted human lives but also wiped away $1-bn. An ideal Risk Alert service should provide 360º holistic view of the incident. It had catastrophic impact on below listed segments: • Power Outage • Network Outage • Road and Transportation • Aviation • Railways • Tourism • Agriculture The image tries to highlight no of unique updates available from various sources talking about disruption across categories Vardah Cyclone – Dec 2016 25 18 9 11 9 2 Advisory Storm Power outage Railways Aviation Transportation
  20. 20. Risk Alert Usages during Chennai Flood – Dec 2015 An idea Risk Alert System should have provided Advisory about arrival of Chennai Flood on 6th Nov, highlighting low lying areas in Chennai (As shown in image above) which are prone to flood thus minimizing losses
  21. 21. Chennai Flood not only impacted human lives but also wiped away ₹25000 Cr. An ideal Risk Alert service should provide 360º holistic view of the incident. It had catastrophic impact on below listed segments: • Power Outage • Network Outage • Road and Transportation • Aviation • Railways • Banking The image tries to highlight no of unique updates available from various sources talking about disruption across categories Chennai Flood – Nov 2015
  22. 22. Thank You

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