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Can
Software manage risks ?
If the beating of a
butterfly's wing in Sydney can produce a
tornado in Miami, the existence of billions of butterflies prevents us
from
foreseeing when and where the next tornado will take place. And if we
believe in our capacity to act on our future, there is then not one,
but myriads of possible futures, depending on our choices, on that of
our relatives and on laws which govern us. We
nevertheless need scenarios, figures and facts to be able to
manage risks, protect us and our close relations and make decisions for
the future.
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While
we seem out of solutions, Insurance Companies not only evolves
in this world of uncertainty, but
manage to make money with it .
They have statistics, tools and mathematical models to build their
profitability.
We have implemented in our software parts of these models, such as
"theory of games" and statistical algebra. It makes possible that our
software
compete with the
best experts in risks management. It is thus thanks to it that our
solutions can provide profitable solutions in risks management. So
Yes, our software products can manage risks.
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Manage risks : depending
on the point of view
Nevertheless, reasoning
on a lot of instances does not change anything with the
individual situations when risks occur. It is thus
an individual choice to evaluate if the risk requires or not an
action, and which is the more appropriate mean to cope with this risk.
It is still necessary to
get sufficient information in order to carry out our choice with full
knowledge of the facts : words of experts, or a "small,
average or heavy" evaluated risk are
not sufficient to evaluate our situation correctly.
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In this field, the belief often
takes the step over reality. For example, risk management is
often perceived as expensive action
plans for hypothetical benefit, whereas a great number of preventive
action plans have a major effect with low investment from the
company.
In any area we develop our
software products, it
offers functions that will enable you to choose your risk
management policy :
- Translate actual facts as figures describing
the future through its impact
- Alert on the underlying
risks, announce areas of danger,
propose viable solutions
- Present consequences
in a comprehensive manner and with directly
usable figures
- Explain and propose
solutions to decrease risks or to attenuate
their impact
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