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Challenge 4

Enhancing dynamic risk assessment

Industry challenge

See video on 'Enhancing dynamic risk assessment'

The challenge

This challenge focussed on the operational aspects of a job risk assessment, rather than the design and planning job risk assessments. Personnel completing a job make their own real-time operational risk assessments, judged by their own risk perception, training and experience. It is also up to them to ensure that all the planning assumptions are still valid.

This industry-wide challenge sought innovative solutions to keep personnel better informed about operational risks affecting them in real time in their work environment and to transform the current state of risk assessment from a static exercise to a process that is dynamic, intuitive and real-time.

The Finalists

The Winner

LexaTexer and their predictive analytics solution was selected as the winner for this challenge. The solution breaks down unstructured information (documents) with machine learning technology to help direct corporate decision making.

Case Study

Check out the case study and find out how Lloyd's Register and LexaTexer worked together to tackle this challenge.

Take a look back at our previous safety and risk challenges.

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