Article written by Dani Andrews
As the need for more comprehensive and detailed risk management plans for more complex crises continues to grow, technology like artificial intelligence (AI) and robotics will play a key role in ensuring efficiency, accuracy, and speed in strategizing.
AI and robotics work differently; the former excels in processing data and providing actionable insights from this information, while the latter can perform more physical functions in tandem with humans. Combining the two also shows much potential for maximizing their functions and is seeing greater adoption. According to a market report from Grand View Research, the market for AI in robotics was valued at $ 12.77 billion in 2023 and is projected to grow at 38.5%. As these technologies evolve and see greater adoption, it’s important to highlight how they can be leveraged in risk management. Here’s how AI and robotics are ushering in a new era of crisis preparedness.
Artificial intelligence
As data has become an essential part of industry operations, AI has become crucial for processing large amounts of it, enabling faster decision-making, creating predictions, and automating certain functions. Large language models like ChatGPT have revolutionized sectors from law to education, offering generative AI assistance in various tasks to reduce time-consuming manual processes. In crisis preparedness and risk management, AI can automate the creation of risk-related scenarios through pattern recognition, predictive analysis, and data synthesis prowess. Our “Leveraging AI for Risk-Related Scenario Creation” post highlights how AI can process vast amounts of data much faster than humans, allowing businesses to generate risk scenarios at scale regardless of complexity. It can also predict potential risks before they appear to aid in proactive risk planning. AI can effectively create an overview of risks and opportunities for a business, which human professionals can use as a starting point for more detailed plans suited to the organization’s unique needs and structure.
Countries like Peru have begun leveraging AI to prepare for crises and disasters by repackaging data from public sources into easily understandable warnings for high-risk situations, enabling citizens to prepare and adjust their daily habits. The Central Informativa information center developed by Hombro a Hombro gathers and analyzes data on rainfall, temperature, roads, and more are sorted corresponding to each of the country’s regions. This information is then shared with the media outlets and the public through radio and television programs and social media posts to inform people about what conditions to expect during the day ahead. This allows the population to mitigate risks through greater awareness and preparedness.
Robotics
Robots have become instrumental tools for performing tasks at a speed and strength beyond human capabilities. As such, they’ve been increasingly integrated into various industries to boost operational efficiency and employee safety. Amazon’s AI-powered robots have helped streamline Amazon warehouses, cutting fulfillment time by 25%. The Sequoia robotics system leverages robotic arms and advanced computer vision to identify inventory before safely dispatching it to workers for distribution. Similarly, robotics can enhance efficiency and safety in crisis preparedness and management. Robots can collect and analyze data on areas and locations that may be affected by a disaster, locate potential hazards, and offer real-time information to aid decision-making. They can spot and address details that professionals may overlook when creating a crisis management plan and do so with speed and accuracy, allowing for more comprehensive preparedness to address various situations that may occur.
Robots may also provide greater assistance in an actual crisis or disaster. They can swiftly navigate dangerous environments, offer a different point-of-view of the area, and assist in locating and identifying victims or survivors. The Nagaoka University of Technology in Japan has been exploring the use of robots to mitigate the impacts of natural disasters. Robots’ dexterity can help in conditions too hazardous for humans and make search and rescue operations faster and more efficient, potentially minimizing deaths and injuries.
Using these technologies can make crisis preparedness more efficient. In the future, we can even expect the combination of AI and robotics to ensure organizations, industries, and workplaces are ready for whatever may happen next.
Dani Andrews is a business consultant and blogger. She dedicates her time in learning about the latest business trends and strategies. On her free time, she enjoys reading about the innovations in this space.
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