WEBINAR: Using AI Technologies for Dynamic Risk Management Towards High Reliability
IMarEST TV recording by the IMarEST Houston (US Gulf Coast) Branch on the 2nd March 2022. This webinar was presented by Dr Bhadir Inozu, Ph.D. from Sharp Focus Inc.
In hindsight, professional accident investigators find every adverse event produces tell-tale warning signs prior to the occurrence of damage or harm. These signs will be scattered across voluminous reports, emails, data silos, handwritten forms, and device data. In the maritime environment, connecting the dots to identify emerging risks in time to act has been very challenging, if not impossible, until now. The emergence of advanced technologies such as Artificial Intelligence (AI) and Natural Language Processing (NLP), can now empower decision makers to make better choices in near real time, to detect and respond to anomalies, see emerging trends dynamically, and take action to stop the initiation or propagation of an adverse event. In addition, through better planning and simulation of adverse scenarios, every organization can become more resilient.
As a result of the shifting regulatory, technology landscape and the Covid-19 pandemic, ensuring safety and financial viability is becoming increasingly difficult. This requires a much more proactive approach, which makes use of all available data and facilitates understanding with the effective fusion of algorithms with expert knowledge. Identifying negative and positive risks (opportunities) and then acting upon them in a time-sensitive and agile manner are critical steps. These enable the transformation of ordinary organizations into fast learning organizations and drive the required cultural change. In a world as digitally enabled as ours is becoming, resiliency is best achieved by building upon a platform that has proven effective under highly dynamic circumstances. High Reliability Organization (HRO) methodology has seen great success in several use cases, utilizing existing data. HRO has been used very successfully to transform organizations, changing behavior by instilling people with values and principles that result in the adoption of a culture of safety in high-risk environments. Combining this proven methodology with advanced technologies such as AI will significantly ease change management and allow the results to be repeatable and scalable across many organizations. In other words, consuming the outputs of AI algorithms within the framework of an HRO amplifies the impact of AI by making the operationalization of AI support seamless and incorporating it into a well-defined organizational process.
In this presentation we will first describe the basic principles of HRO, how they are being applied in Maritime Operations. Then we will discuss how new AI technologies are enabling transformation to HROs and accelerating organizational learning.
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About the Speaker
Bahadir “Baha” Inozu, Ph.D. is the Co-Founder & CEO of Sharp Focus, Inc. He spent the first 15 years of his career focusing on applied research for reliability management of marine systems as a Professor at University of New Orleans (1990-2006). He also served as the Chairman, School of Naval Architecture and Marine Engineering, University of New Orleans (2001-2006). During the last 16 years, he expanded his services to aviation, defense, manufacturing, government, IT, and healthcare segments to improve processes, performance, to accelerate projects and to manage risk as a management consultant.
He is also a Professor Emeritus, teaching at its Engineering Management Program. He is also an Adjunct Professor at Bovard College of University of Southern California, teaching Project Management Courses. He is the leading author of “Performance Improvement for Healthcare: Leading Change with Lean, Six Sigma and Constraints Management” (2011) and co-author of “High Reliability for a Highly Unreliable World: Preparing for Code Blue through Daily Operations in Healthcare" (2018).
Baha received his Masters and Ph.D. in Naval Architecture and Marine Engineering from the University of Michigan, Ann Arbor, 1990. He has Project Management Professional (PMP)® and Prosci® Certified Change Practitioner certifications. He is a Lean Six Sigma Master Black Belt and Theory of Constraints Jonah.