Transforming Business Security

Digitalisation improves risk identification and assessment. This enables companies to detect hazards that might go undetected using traditional methods.

Digitalisation has radically changed the way businesses operate around the world. One of the key areas where this transformation is taking place is in hazard identification and risk assessment (HIRA) resulting in greater efficiency, better decision-making and overall improved safety for workers.

The first step in risk assessment is hazard identification which involves a systematic analysis of activities, processes, products or substances in order to determine the potential danger to workers and to the environment. The digitisation of this process allows for greater accuracy in hazard identification, using automated analysis tools to collect and analyse data.

This enables companies to detect hazards that with traditional methods might otherwise go undetected. Once hazards have been identified, their associated risks need to be assessed.

Probability and Severity

Risk assessment refers to the process of measuring the likelihood and severity of an incident occurring. Digitisation of this stage also allows for greater accuracy, as algorithms can be used to analyse data and calculate the probability of an occurrence. Companies can then make informed decisions on how to address the identified risks. Once risks have been assessed, control measures need to be implemented to either minimise or eliminate them.

Digitalisation is also key at this stage, because it enables companies to track and monitor the effectiveness of the control measures implemented and if necessary, to make any adjustments to their strategy accordingly. In short, the digitisation of hazard identification and risk assessment supports greater accuracy in risk identification and assessment, leading to better informed decisions on how to address identified risks.

It also allows companies to track and monitor the effectiveness of the implemented control measures, so that strategic adjustments can be made.