Risk and Resilience Festival

Risk & Resilience: one step ahead with big data

Resilience, inexhaustible adaptability and resilience are crucial in this unpredictable world, particularly in these uncertain times. Right now, risk and resilience management is invaluable.

One step ahead with big data

This year's Risk & Resilience Festival is themed: 'One step ahead with big data'. Mariëlle Stoelinga, Professor of Risk Management in High-Tech Systems, explains: "Data analysis, artificial intelligence and algorithms offer a lot of possibilities, these techniques help enormously in identifying and dealing with risks. For example, we gain insight into human behaviour. With this insight, we can better predict behaviour and ensure that  technologies we design and  policies we formulate are appropriate for this behaviour. But how do we really use these techniques efficiently? How do we ensure that we can optimally manage risks and increase our personal resilience and that of our organisation?"

Mariëlle: "We collect staggering amounts of data. Every day an amazing 2 quintillion bytes – that's a 2 with 18 zeros behind it.  Almost impossible to imagine – especially when you consider that more data has been collected in 2019 than in all the preceding years. This obviously raises the question of what we should do with all this data. How do we use the data responsibly and purposefully? And how do we deal with all ethical and moral issues, what about privacy and security?"

Data based predictive maintenance

Mariëlle goes on to talk about her keynote: "My keynote is about predictive maintenance, or, in proper Dutch, ‘voorspellend onderhoud’. Predictive maintenance deploys sensor data and historical error data to predict – with the help of big data and artificial intelligence – when failures in devices may occur and what will happen. This helps with planning maintenance: if you know what's coming, then you can be prepared and; for example, you can replace a part before it breaks down. This saves money, but also reduces interruptions and accidents. So, it’s a win-win situation."

Building confidence in data

But what do we really need for  predictive maintenance? Quite a bit, says Mariëlle: "There are already all kinds of (technological) ingenuities to collect data over time and inform how we can best perform maintenance, such as sensors and optimisation techniques. They work well for small systems, in a well-defined context."

- But how do scale them to larger systems, in more unknown contexts?
- How do we ensure that all the information we get fits together well?
- And what sensors do we need and where exactly should they be placed?
- Other unknowns are: how, for example, maintenance workers handle the (predictive) information that is available?
- What can they do with it and what do they dare to do with it? 

Step by step towards data-driven maintenance

"Therefore, behaviour has a pivotal role. Trust in the solution plays an important role, and it is by no means a given in our traditional – human-driven culture. The large-scale introduction of predictive maintenance can only be achieved if companies transform from a traditional culture to a data-driven culture – into a corporate culture in which data and artificial intelligence are integrated and embedded in the organisational and work processes. How that is possible, what solutions there are and what principles can help companies with this, are all covered in my keynote. I will explain how your organisation can also – step by step – reap the benefits of data-driven maintenance."

The Festival adopts several perspectives (topics) to look at the current challenges for building a sustainable society. The topics are: Vision & Strategy, Legal & Compliance, Technology, Financial Risks, Human Factor, Operations & Safety en Data analytics.  The (combination of) approaches from resilience and risk management aspects form the starting point and viewpoint for a discussion with speakers, students, and participants from public and private domains.  

The fourth edition of the Risk & Resilience Festival is once again organised by the University of Twente, in collaboration with the Genootschap for Risicomanagement (the Risk Management Society) and PRIMO. Together, we aim to make a contribution to, and shape, a sustainable Netherlands. Will you join us?

What: Risk & Resilience Festival 2020
Theme: One step ahead with big data
When: 5 November 2020
Objective: On this day, we bring together research, knowledge, insights and experiences related to risk & resilience.
Organisation: University of Twente & Genootschap voor Risicomanagement & PRIMO

Where: View the location map

Would you like to stay overnight? This is possible at the pleasant U-park hotel on the campus of University of Twente. Book your room here: https://www.uparkhotel.nl/en/meet/agenda

The festival has 8 themes

The Festival has the following themes: Risk & Resilience (main stage), Resilience, Vision & Strategy, Legal & Compliance, Technology, Financial Risks, Human Factor, Operations & Safety en Data analytics.

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Look at the program of the Risk & Resilience Festival (program T.B.A.).