What do you do if new technology fails to identify and mitigate potential risks in operational planning?

2 Backup Plans

Having robust backup plans in place is essential when new technology fails to detect risks. This means you should have predefined responses for various scenarios that could disrupt your operations. These contingency plans should be well-documented, easily accessible, and regularly updated to ensure they remain relevant. By preparing alternative strategies, you can minimize downtime and maintain productivity even when your primary systems are compromised. It's about having a plan B, C, and even D, so that you're never caught off guard by technological shortcomings.

3 Human Oversight

Never underestimate the value of human oversight in operational planning. When technology fails to identify risks, it's often human intuition and experience that can spot irregularities and prevent potential issues from escalating. Ensure that your team is trained to recognize signs of failure in technological systems and understands the importance of manual checks. Encourage a culture where staff members feel empowered to raise concerns and suggest improvements. This human element can be the safety net that catches the risks technology misses.

4 Process Review

A critical review of your processes may be necessary when you encounter technological failures in risk management. Look at how the new technology was implemented and whether it aligns with your operational objectives. Sometimes, the issue isn't with the technology itself but with how it's been integrated into your existing systems. Ensure that your workflows and procedures are optimized to take full advantage of the technology's features. If there are gaps or misalignments, address them promptly to enhance overall risk identification.

5 Training Investment

Investing in comprehensive training can mitigate the impact of technological failures on risk identification. Ensure that your team is well-versed in both the operation of the new technology and the fundamental principles of risk management. A deeper understanding of how the technology should work will enable them to identify when it's not performing as expected and take corrective action. Training should be ongoing to keep pace with technological updates and changes in operational planning.

6 Continuous Monitoring

Finally, continuous monitoring of both your operational processes and the performance of your new technology is vital. This proactive approach allows you to catch issues early and adjust your strategies accordingly. Implement regular check-ins and audits to ensure that the technology is functioning as intended and that it remains effective over time. By staying vigilant, you can adapt quickly to any shortcomings in risk identification and keep your operational planning on track.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?